Small Business Loans FAQ

Frequently Asked Questions about Small Business Loans

    What is a personal guarantee?

    Loan services will request a personal guarantee from the business owner to secure the loan. This type of guarantee assigns personal responsibility for the loan to the business owner, meaning if the business cannot repay the loan then the owner will be responsible for doing so.

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Top Small Business Loans


Bottom line: Peer-to-peer lending service offers a simple application process and competitive rates for business owners with fair or better personal credit

Bottom line: Peer-to-peer lending platform with a special emphasis on military veteran loans; highly personal loan applications; good for established businesses with lower revenue

Bottom line: Loans up to $500,000 for short-term or long-term growth; fixed rates with low APRs; seamless online application process; ideal for established businesses

Bottom line: Best for established businesses with a steady cash flow; loans are secured with long repayment periods; quick and simple application process

Bottom line: Variety of rate and term options; fixed-rate payments are daily or weekly rather than monthly; good option for newer as well as more established small businesses

Bottom line: Flexible loan rates and terms with a high-tech application process; ideal for profitable businesses whose owners have good credit or better; customer service is lacking

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