Banks, credit unions and online lenders lend it. They look at two years of returns and debt service coverage. 644 lenders offer business term loans across the US and Canada, usually from $25k to $5M. Last checked Nov 1, 2026.
Almost every lender on the register makes some version of a term loan. Banks are the largest source for established businesses, credit unions price competitively for members, online lenders fund shorter terms in days, and CDFIs lend where banks will not. Each one decides on the same three things: cash flow that covers the payment, your business and personal credit, and what backs the loan. Bring two years of business tax returns, interim financials and a short use of funds.
Read the guide: Business term loans: who lends them and what they look for5 min
Banks, credit unions, online lenders and CDFIs. Banks and credit unions price lowest; online lenders fund fastest on shorter terms.
Two years of returns, debt service coverage of about 1.25 times, good business and personal credit, and collateral or a guarantee behind the loan.
Entries start from public records. Standing rises as the lender claims its entry, adds its loan officers and verifies its details.
644 today, with 46 loan officers who work at them, across the US and Canada. Any lender can claim its entry and correct its details.
