LLC or limited liability company loans are small business loans issued to LLCs. The money from the loan might be utilized for anything from opening a new location to purchasing inventory. As an LLC, you can apply for several types of loans, such as startup loans, term loans, and lines of credit.

Credit unions, conventional banks, and internet lenders compete for your lending business. With all the available options, getting started may seem overwhelming. We've compiled a list of the top online lenders and loan choices for LLCs to help you narrow your search. If you want a best fast business loan, read about our top selections.

OnDeck

OnDeck distinguishes itself from the crowd since it may provide qualified firms with money the next day, has very low credit score criteria, and offers generous loan amounts. This might be a great solution for companies requiring fast cash access and short-term finance.

OnDeck provides access to both revolving credit and fixed-rate term loans. Customers can either apply via the website or by phone. No matter what method you use to apply, loan professionals at OnDecks will be there to help you every step of the way.

With OnDeck, qualified borrowers may get money the same day they apply. With other organizations, ACH transfers might take up to three business days. OnDeck is unique in that it offers repeat clients substantial savings.

Bluevine

Bluevine is a fintech firm that provides businesses access to $250,000 in credit lines. These may be an excellent option for small company owners needing immediate access to working cash or money for other unforeseen expenses.

Lines of credit are available from Bluevine, and the maturities can be as long as a year. To use the service, you only need to go to the company's website or mobile app and touch the appropriate button.

When users combine Bluevine's online business loans, online business payments, and online business checking, they can access a full-featured business banking package. The registration procedure for Bluevine is quick and easy. The time it takes to hear back about a potential borrower's approval status often ranges from minutes to hours.

After a borrower is accepted, they may quickly and easily access their money via the website or mobile app. Bluevine doesn't penalize you for using your line of credit or paying it off early.

Kabbage

Borrowers with a minimum FICO score of 640 can qualify for a small business line of credit through Kabbage, which will be bought by American Express in 2020. With a score like this, the company's credit lines and other goods are more available to small enterprises, earning them a "fair" rating.

Borrowers may get finance quickly and easily by applying online with Kabbage and linking their company bank account. Those with an active American Express card can apply for pre-approval directly from their account. However, not every financial institution offering these loans has the resources of an industry leader like American Express.

Lines of credit from Kabbage can have terms as long as 18 months. There are no prepayment penalties, and the interest rate and fees depend on the loan's length and balance. Kabbage offers an additional $250 incentive to consumers accepted with a verified bank account by February 28, 2023.

Lendio

Lendio is a marketplace for small company loans with access to 75+ lenders. Lendio can help you find the best lender for your specific borrowing requirements after only one application. In addition, it links potential borrowers with finance experts who may advise them on the most suitable loan products.

Borrowers using a loan marketplace can shop for the best rate and terms available. Furthermore, Lendio makes it possible to apply for financing in as little as 15 minutes, with approval coming as quickly as the next business day. There are no application costs; the money might be in your account within 24 hours.

Fundbox

Fundbox prioritizes providing small businesses with working cash. Fast funding is available, and repayment conditions may be adjusted, all thanks to the use of AI in the application process. Stripe users who need a loan may get one without leaving the app.

Loan acceptance from Fundbox is possible with a credit score as low as 600, and the minimum operational time required to get funding is only six months. Businesses with a higher demand for operating cash may benefit more from these advantages, as well as the speedy funding and relatively simple application procedure.

Because it is powered by artificial intelligence, the firm can make financing judgments in as little as three minutes. After the loan is accepted, the money will be available the next business day. Finally, it provides borrowers various repayment options to select from whenever they tap into their line of credit.