Need a Small Business Loan?
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Work with our trusted company and avoid getting bombarded with calls from multiple brokers. You can save money and get funded the same day.
Getting a Business Loan has Never been Easier
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Skip the paperwork and long wait times. With Finance Parrot, you can apply online in just a few clicks—anytime, from anywhere.
Get a Decision Right Away
No more guessing games. Once you apply, our system instantly matches you with the best funding options for your business.
Funding as Fast as Same Day
Need capital now? We work with lenders who can deliver funds to your account in as little as 24 hours.
See Your Business Loan Options
Low Rates. Flexible Terms. Easy Process
Business Line of Credit
Flexibility to borrow from a pool of funds. You only pay interest on money that you use.
Equipment Financing
Business loan to pay for new or used equipment like vehicles, machinery or technology.
SBA Loans
Business loans partially guaranteed by the U.S. Small Business Administration.
Merchant Cash Advance
Borrow money that repay via a percentage of your daily credit card sales.
Invoice Factoring
Get cash upfront in exchange for your unpaid invoices. Borrow up to 85% of invoice value.
Explore More Options
Discover all the business loan options that are available to you.
Recently Funded Businesses
We'll Help You Get the Right Small Business Loan
Get approved today and have money in your account within as little as 24 hours. No obligation — prequalify without affecting your credit!
Common Questions. Straight Answers.
Are small business loans hard to get?
No, small business loans aren’t hard to get as long as you have the right tools and resources. Here’s a list of what you need to do to increase your chances for approval:
- Know what lenders are looking for (revenue, collateral, personal and business credit score, and industry preferences)
- Decide on the type of loan for your business.
- Look for potential lenders and gather the necessary documents.
- Work with an advisor like Finance Parrot. We’ll walk you through the entire process – from filling out the initial online application to submitting your application to our network of lenders to closing the deal.
What are the requirements to get a business loan?
Loan requirements vary depending on the lender you’re working with and the type of loan you’re applying for. Here’s what we usually look for from borrowers:
- 1-page online application
- 3 to 6 months’ worth of bank statement
- at least two years in business
What disqualifies you from getting a business loan?
In general, the factors that disqualify you from getting a loan are as follows:
- Limited cash flow
- Poor credit history
- Lack of a solid business plan
- A risky industry
- Insufficient collateral
- Insufficient time in business
- Missing documents or information
What’s the limit for a small business loan?
The loan limit depends on the type of loan you’re looking for.
- Business Line of Credit: $5,000,000
- Inventory Financing: $10,000,000+
- SBA Loans: $5,000,000
- Invoice Financing: $5,000,000
- Business Term Loans: $5,000,000
- Equipment Financing: 100% equipment value
- Purchase Order Financing: $10,000,000
- Bridge Loan: $5,000,000
- Asset-Based Loans: Up to $100,000,000
What is the minimum amount for a business loan?
The minimum loan amount depends on the type of financing you’re looking for.
- Business Line of Credit: $5,000
- Inventory Financing: $25,000
- SBA Loans: $50,000
- Invoice Financing: $25,000
- Business Term Loans: $100,000
- Equipment Financing: 100% equipment value
- Purchase Order Financing: $25,000
- Bridge Loan: $25,000
- Asset-Based Loans: Up to $100,000,000
How to choose the best lender for a small business loan?
The first step to choosing the right lender for you is to know what you need. How much money do you need to borrow? What do you need it for?
The next step is to research and compare different lenders. Verify their credibility by checking their rating on the Better Business Bureau, reading online reviews, and looking for upfront loan terms, an official website, and contact information.