Small and emerging businesses often run short of money to pay for inventory, payroll, commercial real estate, equipment, and other expenses to expand their operations. To meet such requirements, banks and financial institutions offer small business loans. These loans help budding entrepreneurs start their company and keep it afloat in times of disaster. Below are the top five lenders that provide small business loans. Compare them and make your pick.

Kabbage
Kabbage stands right at the top of our list, thanks to its flexible payment and funding options. Established in 2008, the company offers loans to all businesses, regardless of their size. You can get a plethora of small business loans or even opt for secured or unsecured lines of credit. If you need industry-specific loans for retail, pawnshops, trucking, and others, Kabbage has them too. The lending company takes immense pride in its fast funding and seamless online application process made possible with its easy-to-use mobile application.

The amount you receive depends on the kind of loan you apply for, typically ranging from $500 to $150,000. You can also get lines of credit up to $150,000. Other loan types may have a larger limit. However, to get a loan from Kabbage, you ought to be in business for at least a year. Further, it would help if you had a minimum revenue of $50,000 per year or $4,200 every month.

OnDeck
OnDeck was established in 2006. Since then, the company has become a top lender for many businesses, claiming to have lent over $14 billion to customers. The main benefits of OnDeck small business loans are flexible lines of credit, term loans, same-day financing, and an array of lending products. One drawback, however, is that the lender does not provide its services in certain states of the country, making it unsuitable to specific small businesses.

As far as the numbers go, OnDeck’s short-term loans range between $5,000 and $250,000, with a repayment period of up to two years. Lines of credit range between $6,000 and $100,000 with a repayment term of one year.

Lendio
Lendio offers the best small business loans for an array of different businesses types. It is more like a loan matchmaker, trying to understand your requirements and leading you to a suitable lending company. You can contact them for term loans, lines of credit, big or small loans, and various financial products. Upon approval, you can get small business funds dispersed in as little as two days. However, you will need a minimum credit score of 560 to qualify.

The loan application process is seamless. You have to fill in a 15-minute online application, and Lendio will match you with suitable lenders to offer you the best loan. Once the lender approves your request, you can get the funds in as little as 24 hours.

Fundera
Fundera is not a direct lender of small business loans. Like Lendio, they provide loan matchmaking services. Various financing options are available, both long and short-term. All you have to do is fill out an application, and Fundera will compare the lender offers and find you multiple options to select from. The application process is straightforward, and their customer service is top-notch. Fundera also has options for credit-challenged borrowers and new businesses.

Further, if you need an equipment loan for your business, Fundera provides the same via its equipment financing scheme. The company will offer you a loan equivalent to 100 percent of the equipment cost with repayment terms of five or six years. However, their interest rates can be quite high, ranging from four to 40 percent.

BlueVine
BlueVine claims to have provided 200,000 borrowers with $9 billion worth of loans. They utilize an entrepreneurship-centered lending model focusing on invoice factoring credit lines and business credit lines. The firm caters to creditworthy or newer borrowers whom other lenders often neglect. Applicants need a 530 minimum credit score, three months of business experience, and $10,000 in monthly revenue for approval.