Learn about financing options for your business.
Trusted by 4,600+ entrepreneurs nationwide
Small business loans provide financing to help business owners launch, run and grow their businesses. Business Loans Partners (BLP) offers two loan options — a term loan and a line of credit — tailored to your unique needs.
A small business loan from BLP provides rapid funding with one-on-one support from our loan advisors. Our quick, paperless application takes minutes — and you could receive an approval decision just as fast. With strong client ratings and transparent terms, thousands of small business owners trust BLP as their lending partner.
funded to date
delivered nationwide
by thousands of clients
Researching your funding options and applying for a business loan is simple with Business Loans Partners. Break the process into clear, manageable steps.
Calculate how much financing you truly need. Since you’ll pay interest on borrowed funds, keeping the amount precise helps control costs.
For one-time, larger expenses choose a term loan (lump sum). For recurring or flexible needs, a line of credit lets you draw as required.
Look beyond cost: assess speed to fund, customer support, transparency and reviews — choose a partner that supports your growth.
Prepare key documents (business license, bank statements, financials). BLP’s digital application makes submission fast and paperless.
Check rates, fees and repayment schedule. Ensure cash-flow fit now and in the future before accepting.
Business term loans from Business Loans Partners are great for large, one-time expenses such as:
Flexible terms
Quick decisions with transparent rates.
Small business loans are available from a number of sources. Historically, banks and credit unions were the primary option. Today, online lenders add flexible choices—especially for borrowers who can’t secure funds from traditional institutions.
Traditional option for borrowers with excellent credit seeking larger amounts. Expect competitive rates but longer applications and slower funding.
Streamlined applications and faster funding. May approve borrowers with imperfect credit—often at higher rates than banks.
SBA-backed loans via partner lenders with competitive rates and terms. Strict qualifications and rigorous applications can lengthen time to fund.
A term loan provides funding for small businesses in a single lump sum. Maximum loan amounts typically exceed those offered by a line of credit or cash advance. Borrowers repay a term loan on a monthly schedule. Some are secured by collateral, while others are not. Business Loans Partners does not require specific collateral, relying on a general lien on business assets.
Designed for machinery purchases. The equipment often serves as collateral, enabling competitive rates. If a borrower defaults, the lender may repossess the purchased equipment.
Access a fixed credit limit and draw funds as needed. Repay on a schedule and replenish available credit. Great for recurring expenses without reapplying each time.
SBA partners with lenders to back small business loans, often with competitive rates and terms. Strict requirements and a rigorous process can lengthen time to fund.
Lump-sum financing in exchange for a percentage of future sales. Funding is quick but costs are typically higher than other options.
Short-term business loans. Learn more about ways to fund your business without a lengthy repayment period.
Working capital loans. A working capital loan can help finance cash flow gaps, unexpected expenses, start-up costs and more.
Business lines of credit. A business line of credit gives you the cash you need, when you need it. Only pay for what you borrow, and tap available funds for future borrowing without reapplying.
Small Business Administration. The SBA offers a wealth of resources to support small business owners and partners with lenders to back SBA loans.
To qualify for a small business loan, you’ll need to meet the approval requirements of the lender. These typically include your credit score, revenue, and time in business. Meeting posted minimums doesn’t guarantee approval, so compare options to find the best fit.
At Business Loans Partners (BLP), our minimum requirements include:
It depends on the lender and product. Banks often specialize in secured loans (some also offer unsecured). Many online lenders offer unsecured loans, though both types exist.
With a secured loan, you pledge collateral (e.g., property or liquid assets). If you default, the lender may claim the collateral. Unsecured loans don’t require specific collateral, so rates are typically higher.
To provide flexibility, BLP’s term loan is secured with a general lien on business assets. Our line of credit is unsecured.
It can be either, depending on the product. A term loan is an installment loan; a line of credit provides revolving access to funds.
BLP offers both: our term loan is paid back in regular installments, while our line of credit lets you draw as needed up to your limit.
Loans can have fixed or variable interest rates. Fixed rates stay the same for the life of the loan; variable rates move with the market.
Consider whether predictable payments (fixed) or potential savings with some rate risk (variable) better suit your needs.
