Explore the top five business loan types available in 2025 to help your business grow. With the lending market growing at a 13% CAGR, choosing the right loan is critical for success.
1. SBA 7(a) Loan
Ideal for long-term growth, SBA 7(a) loans offer up to $5M with terms up to 10 years. Rates start at Prime + 1% (average 10.5% in 2025).
- Best for: Real estate, debt consolidation.
- Qualifications: 2+ years in business, 640+ FICO score.
2. Business Term Loan
Perfect for major purchases or refinancing, with terms of 1-2 years and rates starting at 12%.
- Best for: Expansion, equipment purchases.
- Qualifications: 600+ FICO, $500K annual sales.
3. Business Line of Credit
Flexible funding with limits up to $500K, pay only for what you use.
4. Equipment Financing
Use equipment as collateral for loans with 3-7 year terms and rates from 6%.
5. Merchant Cash Advance
Quick cash based on credit card sales, ideal for retail businesses.
Ready to apply? Start your application now.