Business loans
Liberty Capital Group arranges business loans from banks and non-bank lenders for growing companies: term loans, lines of credit, commercial loans, equipment financing and working capital. We do a soft credit check first, show you the most you qualify for, then help you get the lowest rate with the least paperwork.
What business loans are used for
Tell us what the money is for and we match the loan to it. Long-life assets get long terms; short-term needs get short-term money.
Bank term loan vs. non-bank term loan
| Bank term loan | Non-bank term loan | |
|---|---|---|
| Pricing | As low as WSJ Prime + 3%–8.99% | Based on revenue, time in business and credit |
| Term | 3–5 years | 12–24 months |
| Payments | Monthly | Weekly or monthly |
| Origination fee | 3%–6% of approved amount | From 3% of approved amount |
| Minimum FICO | 680 | 600 |
| Time in business | 2–3 years | 12 months |
| Bank deposits | $50K+ average, no NSFs or prior defaults | $20K+ average, no NSFs or prior defaults |
| Documents | Full financial package | Bank statements |
| Collateral / lien | First lien, no subordination | Varies by lender |
| Renewal | Non-renewable | Renewable at 50% paid down |
Both structures fund in full at closing with fixed payments, a declining balance and early payoff discounts. Straight talk: a bank loan is the cheapest money if you qualify, but the paperwork and timeline are heavier. Non-bank loans cost more and approve faster. We tell you which one your file can get.
Business loan programs
Not sure which one fits? Read our types of business loans guide, which compares every option side by side with pros, cons and documents. If you may qualify for a government-backed loan, compare the SBA loan programs too.
Before you apply for a business loan
What to do when your bank says no.
Why it matters who you borrow through.
Why business owners work with Liberty Capital
What you need to apply
- One-page application (soft credit inquiry)
- 3–6 months of business bank statements
- Driver’s license and proof of ownership
- For bank loans or the lowest rates: 2–3 years of tax returns, P&L and balance sheet
- Debt schedule if you are refinancing
- Startups (pre-revenue or under 2 years): 650 minimum credit
See where you stand with the approval indicator.
Qualify first, paperwork second
We run a soft inquiry to see what you qualify for on the application alone. If you want a lower rate, a full financial package gets you there. We guide you to the right loan with the fewest documents and the least time.
How to get a business loan
- Apply in 3 minutesSoft pull, no obligation.
- See your maximumWe show what you qualify for on application only.
- Lower your rateAdd financials if you want bank-level pricing.
- Close and fundE-sign; funds wired at closing.
Business loans: FAQ
What credit score do I need for a business loan?
Bank term loans usually need 680+. Non-bank term loans start around 600. Revenue-based working capital can consider lower scores. Startups need at least 650.
How long do I need to be in business?
About 2–3 years for a bank loan and 12 months for most non-bank loans. Startups can often finance equipment with 650+ credit.
Will applying hurt my credit?
No. We start with a soft inquiry. A hard pull happens only when you move forward with a specific lender.
How fast can I get funded?
Non-bank loans can fund within days. Bank loans take longer because of the full financial review.
Are you a lender or a broker?
Primarily a broker. We shop your file with multiple lenders so you can compare offers instead of taking the first one.
Find the right business loan
Apply once and see what you qualify for, with a soft pull.
All financing subject to credit approval; terms vary by credit, time in business, financials and equipment. Liberty Capital Group, Inc. is not a tax advisor. NMLS #2009539 · CA DFPI #60-DBO49692.