10 best business loans entrepreneurs should consider before year-end

Securing the right financing can make or break a business, especially as the year comes to a close. For entrepreneurs looking to start, grow, or stabilize their operations, these ten loan types offer flexibility, competitive rates, and fast access to capital:

1. BusinessLoans.com
   Offering loans from $5,001 to $3 million with repayment terms of one to 20 years, BusinessLoans.com is ideal for entrepreneurs seeking a variety of options. No minimum credit score is required, making it accessible to a wide range of business owners.

2. CapFront
   CapFront provides loans ranging from $10,000 to $5 million, with repayment terms from three months to 25 years. With a minimum credit score of 560, it’s a strong option for established businesses needing transparent, straightforward lending.

3. SBG funding
   From $500 to $10 million, SBG Funding offers highly flexible repayment options. With a minimum credit score of 600, this lender serves businesses seeking flexible solutions for short- or long-term capital.

4. Biz2Credit
   Biz2Credit connects businesses with marketplace loans up to $6 million, repaid over 12 to 36 months. A 660 credit score is recommended and particularly useful for medium-term financing needs such as expansion or seasonal inventory.

5. Fundbox
   Fundbox offers lines of credit up to $150,000 with repayment terms of 12–24 weeks. This option is ideal for covering short-term cash-flow gaps or operational expenses without long-term obligations.

6. Rapid finance
   Rapid Finance provides loans with funding often available the same day to support urgent cash flow needs. Loan amounts can reach $10 million, making it a versatile option for businesses of all sizes.

7. SBA loans
   Small Business Administration loans, such as 7(a) and 504 programs, offer up to $5 million at low interest rates and repayment terms of up to 25 years. They’re ideal for established businesses planning long-term investments in equipment, real estate, or expansion.

8. Equipment financing
   For businesses that need machinery, vehicles, or specialized tools, equipment financing enables you to acquire assets while preserving working capital. Loans are secured by the equipment itself, often simplifying approval.

9. Invoice financing
   Invoice financing or factoring advances a portion of unpaid invoices, providing quick cash for businesses waiting on slow-paying customers. This is especially useful for B2B operations needing liquidity without taking on traditional debt.

10. Business line of credit
    A general line of credit provides revolving access to funds, with interest charged only on the funds drawn. It’s perfect for seasonal businesses or those facing unpredictable expenses, offering flexibility without long-term commitment.

Bottom line

Before the year ends, entrepreneurs should assess their immediate and long-term financing needs, compare interest rates and terms, and choose the loan that best aligns with their growth strategy. Whether for working capital, equipment, or expansion, the right funding can position your business for success in the year ahead.