What you can use it for
Common uses for business loans
Lendifi.io matches you with lenders across a wide range of use cases. Here are the most common reasons borrowers come to us.
Working capital
Cover payroll, inventory, operating costs, and cash flow gaps between invoices and receivables.
Equipment financing
Finance machinery, vehicles, technology, or specialized equipment with loans structured around the asset's life.
Inventory financing
Purchase inventory ahead of a busy season or to fulfill a large order without straining cash flow.
Business expansion
Fund a new location, additional staff, or expanded operations as your business grows.
Technology upgrades
Invest in software, hardware, or digital infrastructure to modernize your operations.
Debt refinancing
Consolidate existing high-interest business debt into a single lower-rate loan to improve cash flow.
What to expect
Rates, amounts & terms
These ranges reflect what lenders in our network typically offer. Your actual rate depends on your credit profile, loan amount, term, and lender eligibility criteria. All rates shown are estimates, not guaranteed offers.
7.99% to 45.00% APR
Estimated APR range
based on credit profile
based on credit profile
$5,000 to $500,000
Typical loan
amount range
amount range
6 months to 10 years
Repayment
term options
term options
APR = Annual Percentage Rate. Rates as of May 2026. Lendifi.io does not guarantee any rate or loan approval. Lendifi does not pull your credit. Lenders may check your credit if you apply with them.
How it works
Getting your business loans offer in 3 steps
From first click to your options, the whole process takes about 60 seconds.
1
Tell us about yourself
Fill in the 60-second form, name, ZIP, loan amount, income, and your estimated credit score. No hard pull at this stage.
2
We match you with lenders
Our engine checks your profile against lenders in our network in real time and sends your inquiry to the best matches, all within seconds.
3
Compare offers and apply
See rate estimates from matched lenders side by side. Pick the offer that works for you and apply directly with that lender, free, with no obligation.
Common questions
Frequently asked questions
What do lenders look for in a business loan application?
Most lenders evaluate time in business (typically minimum 1 to 2 years), annual revenue (often $100,000+), personal credit score of the owner(s), and sometimes business credit history. Some lenders also review bank statements, tax returns, and profit/loss statements. Newer businesses may need to apply using personal credit.
Can I get a business loan as a startup?
Most traditional business lenders require at least 1 to 2 years of operating history. However, if you're a startup, you may qualify for a personal loan used for business purposes, or an SBA microloan program. We recommend checking your options through Lendifi.io and also exploring SBA resources at sba.gov.
What is the SBA and does Lendifi.io work with SBA lenders?
The Small Business Administration (SBA) is a federal agency that guarantees certain small business loans, enabling lenders to offer better rates and terms than they otherwise could. Some lenders in our network may offer SBA-backed products. Lendifi.io is not affiliated with the SBA and does not originate SBA loans directly.
How fast can I get a business loan?
Online business lenders in our network can often approve and fund within 1 to 5 business days for smaller loan amounts. Traditional bank loans may take 2 to 6 weeks. SBA loans can take 4 to 8 weeks. Speed depends on the lender, loan size, and how quickly you can provide documentation.
Do I need to put up collateral for a business loan?
It depends on the loan type. Secured business loans (using equipment, inventory, or real estate as collateral) typically offer lower rates. Unsecured business loans don't require collateral but usually require a personal guarantee and have higher rates. Lendifi.io matches you with both types.
What credit score do I need for a business loan?
Most traditional lenders require a personal credit score of 680+. Online lenders are more flexible and may approve borrowers with scores as low as 580. For startups, your personal credit score matters most. For established businesses, your business credit score also factors in.
Can I use a personal loan for my business instead?
Yes, many small business owners use personal loans for business expenses, especially in the startup phase before they qualify for business financing. Personal loans up to $100,000 can fund equipment, inventory, or working capital with a simpler application process.
Ready to find your best rate?
No cost. No obligation. See your options in about 60 seconds.
Check my business loan rate, freeLendifi.io is a lead generation marketplace operated by Apex Lead Group LLC. We are not a lender. Rates shown are estimates and not guaranteed offers of credit. Lendifi does not pull your credit. Lenders may check your credit if you apply with them.