Loan Comparison Chart
There are lots of loan options out there. Keep track of the different loan types, what they can offer you, and the lenders behind them with this at-a-glance chart that makes it easy to compare the major loan types.
| Loan Types | Minimum Loan Amount | Maximum Loan Amount | Annual Interest Rates | Turnaround Time | Criteria |
|---|---|---|---|---|---|
Business Credit Card |
$250 | $25,000 | 13% – 25 % | 1 – 3 weeks | Personal and/or business credit are main factor |
Cash Flow Loans |
$200 | $100,000 | 25% – 90% | Minutes – 3 days | Credit score is less important, but still a factor |
Merchant Cash Advance |
$200 | $250,000 | 15% – 150% | 1 – 7 days | Usually does not require high credit scores |
Microloans |
$500 | $50,000 | 8% – 18% | 1 – 3+ months | Usually does not require high credit scores |
Mission-Driven Loans |
$250 | $500,000 | 6% – 7% | 6 weeks | Credit score and other factors taken into consideration |
Online Marketplace Loans |
$25,000 | $500,000 | 7% – 30% | 2 – 7 days | Credit score is less important, but still a factor |
Personal Sources |
Depends on source | Depends on source | Depends on source | ||
Small Business Administration (SBA) Loans |
$50,000 | $5,000,000 | 30 days – 6 months | Usually requires a minimum credit score | |
Traditional Bank Loans |
$250,000 | $5,000,000 | 5 – 10% | 2 – 4 months | Usually requires a strong personal and/or business credit score |
