--- title: Best Startup Business Loans description: Funding for small businesses to keep growing image: https://blog.octaneoc.org/hubfs/jeshoots-com-LtNvQHdKkmw-unsplash%20(1).jpg --- [![Octane](https://blog.octaneoc.org/hubfs/Octane_December2019/Images/Octane.svg)](https://octaneoc.org/) - [Accelerate](https://octaneoc.org/launchpad/) - [LaunchPad SBDC Accelerator](https://octaneoc.org/launchpad/) - [Pitch Presentation Template](https://octaneoc.org/launchpad/#template) - [Our Alumni](https://octaneoc.org/launchpad-alumni/) - [Apply](https://info.octaneoc.org/launchpadapply) - [Grow](https://octaneoc.org/octane-enterprise-solutions/) - [Events](https://octaneoc.org/events-programs/) - [Aesthetics Tech Forum](https://octaneoc.org/aesthetic-technology-summit/) - [Tech Innovation Forum](https://octaneoc.org/tech-innovation-forum/) - [Ophthalmology Tech Forum](https://octaneoc.org/ophthalmology-technology-summit/) - [High Tech Awards](https://octaneoc.org/high-tech-awards/) - [Cardiovascular Tech Summit](https://octaneoc.org/cardiovascular-tech-summit/) - [Medical Innovation Forum](https://octaneoc.org/medtech-innovation-forum/) - [Programs & Calendar](https://octaneoc.org/events-programs/#calendar) - [Partner](https://octaneoc.org/partner/) - [Partner with Us](https://octaneoc.org/partner/) - [Octane Partners](https://octaneoc.org/octane-partners/) - [Become a Member](http://register.octaneoc.org/membership) - [Mission](https://octaneoc.org/mission/) - [What We Do](https://octaneoc.org/mission/) - [Community Initiatives](https://octaneoc.org/octane-foundation-for-innovation/) - [Women Leaders of Octane](https://octaneoc.org/octane-foundation-for-innovation/#women-leaders) - [Non-Profit Accelerator](https://octaneoc.org/octane-foundation-for-innovation/#npa) - [LaunchPad Accelerator](https://octaneoc.org/octane-foundation-for-innovation/#launchpad) - [STEAM Ahead](https://octaneoc.org/octane-foundation-for-innovation/#stem-fellows) - [Next Wave](https://octaneoc.org/octane-foundation-for-innovation/#orange-movement) - [Team](https://octaneoc.org/mission/#team) - [Board & Advisors](https://octaneoc.org/board-advisors/) - [Careers](https://octaneoc.org/careers/) - [News & Blog](https://blog.octaneoc.org/) Latest [Events](https://blog.octaneoc.org/topic/events) [Med Tech](https://blog.octaneoc.org/topic/med-tech) [Tech](https://blog.octaneoc.org/topic/tech) [Innovation](https://blog.octaneoc.org/topic/innovation) [Octane News](https://blog.octaneoc.org/topic/octane-news) ## [Winners Announced - The 2022 High Tech Awards](https://blog.octaneoc.org/hta-2022-winners) by [Natalie Matsumoto](https://blog.octaneoc.org/author/natalie-matsumoto) on September 29, 2022 [Read more](https://blog.octaneoc.org/hta-2022-winners) - CATEGORIES ### Subscribe to Email Updates [Octane News](https://blog.octaneoc.org/topic/octane-news) | 2 min read # Best Startup Business Loans Written by [BRIAN CARMODY, investopedia.com](https://blog.octaneoc.org/author/brian-carmody-investopedia.com) - - - Post originally from [investopedia.com](https://www.investopedia.com/best-startup-business-loans-5112018) A startup business loan is financing to pay for the needs of a new business. It can help you cover the [initial costs](https://www.investopedia.com/articles/pf/09/business-startup-costs.asp) needed to establish your new business, including things like working capital, real estate, equipment, supplies, and inventory. Many consider the [SBA loan programs](https://www.investopedia.com/articles/personal-finance/091514/expanding-your-small-business-sba-loan.asp) to be the gold standard for startup business loans. They offer high funding amounts, long payback terms, and low rates, but often require six months to two years in business, and a 20% to 30% cash injection from the borrower. But the SBA is not the only path to success. There are other ways to get a startup business loan in case you don’t meet the SBA’s requirements.  Interviews with our category winners revealed that the average startup business funding amount is between $20,000 and $80,000 initially, whereas the average SBA loan is just over $350,000. We researched 15 lenders, most of which can fund startups through SBA loans and many other strategies. Check out our list of trusted, experienced, and innovative lenders that are helping thousands of Americans start businesses every year. ## Best Startup Business Loans of 2021 - **Best Overall:** [Finance Factory](https://lp.thefinancefactory.com/lp/r/3944) - **Best for E-commerce:** [Become.co](https://www.become.co/ecommerce-loans/) - **Best for Retail:** [OnDeck](https://www.ondeck.com/loantype-retail-business-loans) - **Best for High-Growth Startups:** [Midwest Corporate Credit](https://applymidwest.com/funding/index.html) - **Best for Long Repayment Terms:** [Seek Capital](https://www.seekcapital.com/startup-business-loans/StartupBusinessCapital.html#) - **Best for Unpaid Invoices:** [Upwise Capital](https://upwisecapital.com/invoice-financing/?utm_source=AcreTrust&utm_medium=BestStartupBusinessLoans&utm_campaign=Investopedia) ### Finance Factory Best overall for startup funding, Finance Factory can get you funded with no business history or established revenue as long as you have just one of the three Cs: credit, cash flow, or collateral. Pros - Available to new business owners - Offers a wide variety of funding products to support later stages of growth - Rate and term transparency - Funds in seven to 10 days on average - Free funding range report Cons - Ideal credit score is at least 680 - Business credit card option carries high interest rates when the 0% introductory period expires Read full post on [investopedia.com](https://www.investopedia.com/best-startup-business-loans-5112018) ### Related Categories [Octane News](https://blog.octaneoc.org/tag/octane-news) ### [BRIAN CARMODY, investopedia.com](https://blog.octaneoc.org/author/brian-carmody-investopedia.com) Popular [Start Up](https://blog.octaneoc.org/topic/start-up) [Business Resource](https://blog.octaneoc.org/topic/business-resource) ## [Why Brand Strategy Is So Important For Startups](https://blog.octaneoc.org/why-brand-strategy-is-so-important-for-startups) [Read more](https://blog.octaneoc.org/why-brand-strategy-is-so-important-for-startups) Popular [Business Resource](https://blog.octaneoc.org/topic/business-resource) ## [The Importance of a Human Capital Management Strategy](https://blog.octaneoc.org/the-importance-of-a-human-capital-management-strategy) [Read more](https://blog.octaneoc.org/the-importance-of-a-human-capital-management-strategy) Popular [Orange County](https://blog.octaneoc.org/topic/orange-county) ## [City of Hope: Advancing World-Renowned Cancer Treatment and Research in Orange County](https://blog.octaneoc.org/city-of-hope-advancing-world-renowned-cancer-treatment-and-research-in-orange-county) [Read more](https://blog.octaneoc.org/city-of-hope-advancing-world-renowned-cancer-treatment-and-research-in-orange-county) ## Accelerate Your Capital Funding Strategy LaunchPad is a Top-5 SBDC in the nation, offering pro-bono expertise help you prepare to raise capital.  [Apply to LaunchPad SBDC](https://info.octaneoc.org/launchpadapply) ### Let Us Know What You Thought about this Post. 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