Personal Loans for Business

Personal Loans for Entrepreneurs

Personal financing solutions for entrepreneurs and business owners who need flexible capital.

$1K–$100K
Loan Amount
From 6.99%
Interest Rate
1–7 Years
Term
1–5 Days
Funding Speed
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Product Overview

What is a Personal Loan for Business?

Personal loans can be a viable funding option for early-stage entrepreneurs and startup business owners who don't yet have the business history to qualify for traditional business financing. While the loan is in your personal name, funds can be used for business purposes. Our advisors assess whether a personal loan is the right fit or whether a business alternative better fits your situation.

Personal loans are based on your individual credit profile, income, and debt-to-income ratio — not business revenue or time in business. This makes them uniquely accessible for pre-revenue startups and early-stage entrepreneurs. The tradeoff is that the loan lives on your personal credit, which affects your personal debt-to-income ratio going forward.

Key Benefits

  • ✓Available to startups with no business revenue history
  • ✓Fast approval and funding in as little as 1 day
  • ✓No business collateral required
  • ✓Fixed rates and predictable monthly payments
Who Qualifies

Requirements

Meet these basic qualifications to get started. Don't meet every requirement? Our advisors can help find alternatives.

📊
Personal credit score 640+
💼
Proof of personal income
📉
Debt-to-income ratio under 45%
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No recent bankruptcies
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Valid ID and Social Security Number
How It Works

How to Apply

1

Quick Application

Share your personal credit profile, income, and business goals. No hard pull to get started.

2

Discovery Call

An advisor assesses whether a personal loan is the right fit or if a business alternative makes more sense.

3

Get Matched

We match you with the best personal loan lenders and submit on your behalf for fast approval.

4

Get Funded

Approved in hours, funded in 1–5 days. Capital in hand to invest in your business.

Common Questions

Frequently Asked Questions

While personal loans are designed for individual use, some people use them to fund early-stage business ventures. However, dedicated business loans typically offer better terms and build your business credit profile.
A personal loan can positively impact your credit when you make consistent on-time payments. It adds to your credit mix and builds payment history. The initial application may cause a small temporary dip from the hard inquiry.
Unsecured personal loans require no collateral but may have higher rates. Secured loans are backed by an asset (like a savings account or vehicle) and typically offer lower rates and higher limits.
Many personal loan lenders offer funding within 1-5 business days after approval. Some online lenders can fund as quickly as the same day or next business day.