As of April 2025, several business loan options in the U.S. offer competitive interest rates. Here are some top choices:
Top Low-Interest Business Loans in the U.S. (2025)
| Lender | Best For | Interest Rate (APR) | Loan Amount | Minimum Credit Score |
|---|---|---|---|---|
| SBA 7(a) Loan | Large funding amounts | 10.5% – 14% | Up to $5 million | 650 |
| Bank of America | Bank term loans | Starting at 7.25% | Varies | 700 |
| SmartBiz | SBA loans via online platform | As low as 10.99% | Up to $5 million | 650 |
| Accion Opportunity Fund | Flexible qualification | 8.49% – 24.99% | $5,000 – $250,000 | 600 |
| Triton Capital | Equipment financing | 6.5% – 34.99% | Up to $250,000 | 580 |
| Bluevine | Fast funding | 14% – 48% | Up to $250,000 | 625 |
Key Considerations
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SBA 7(a) Loans: Ideal for businesses seeking large amounts with capped interest rates and long repayment terms. However, the application process can be lengthy, and collateral is typically required.
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Bank of America: Offers competitive rates, especially for Preferred Rewards members. Note that prepayment fees may apply, and an existing relationship with the bank is often necessary.
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SmartBiz: An online platform that connects borrowers with SBA lenders, streamlining the application process. Requires a minimum credit score of 650 and at least two years in business.
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Accion Opportunity Fund: Suitable for newer businesses or those with lower credit scores. Offers flexible terms and additional support services.
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Triton Capital: Best for equipment financing with quick funding times. Offers flexible repayment options, though an origination fee applies.
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Bluevine: Provides fast funding through a line of credit, with funds available within 12 to 24 hours. Weekly payments are required, and it's not available in all states.
Tips for Securing the Best Loan
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Assess Your Needs: Determine the exact amount and purpose of the loan to choose the most suitable lender.
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Check Eligibility: Review each lender's requirements, including credit score, time in business, and annual revenue.
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Compare Offers: Look at interest rates, fees, repayment terms, and funding times across multiple lenders.
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Prepare Documentation: Gather necessary financial statements, business plans, and other required documents to expedite the application process.