LLC Loans: Best Options and How to Get One in 2025
If you own a limited liability company (LLC) and need funding, understanding llc loans can help you find the right financing to grow your business. Whether you’re looking for an llc business loan, llc startup loan, or llc small business loan, this guide breaks down everything you need to know—from what LLC loans are to how to apply and alternative funding options.
What Is an LLC Loan?
An LLC loan is a type of business loan tailored for limited liability companies. While lenders don’t usually have strict rules based on your business structure, LLC loans are designed to help fund startup costs, working capital, equipment purchases, expansion, and refinancing.
You can get LLC loans from banks, credit unions, online lenders, and SBA programs. These loans work like any other business loan, where you receive a lump sum or a line of credit, repayable with interest over time. Some loans require collateral (secured loans), while others don’t (unsecured loans).
How an LLC Loan Works
Once approved, lenders will provide funds either as a lump sum or a credit line. You’ll repay the loan with fixed or variable interest rates, making payments monthly, weekly, or as agreed.
Important: Most LLC loans require a personal guarantee, meaning you’re personally responsible if the business can’t repay. This can affect your personal assets, so understand the risks before signing.
Best LLC Loan Options
| Product | Max Loan Amount | Min Credit Score | Min Time in Business |
|---|---|---|---|
| SBA 7(a) Loan | $5,000,000 | 650 | 24 months |
| OnDeck Term Loan | $250,000 | 625 | 12 months |
| Bluevine Line of Credit | $250,000 | 625 | 12 months |
| Fundbox Line of Credit | $250,000 | 600 | 3 months |
| National Funding Equipment Loan | $150,000 | 600 | 6 months |
These options vary by loan amount, credit score requirements, and business age. SBA loans offer great terms but take longer to fund, while online lenders provide faster access with more flexible requirements.
How to Get an LLC Business Loan?
1. Review Loan Requirements
Most lenders want to see a personal credit score of 600-700+, at least several months to a couple of years in business, and proof of steady revenue. New LLCs might qualify for loans relying more on personal credit.
2. Choose the Right Loan Type
Decide if you need a term loan, line of credit, SBA loan, or equipment financing. Your funding goals and timeline will guide this choice.
3. Compare Lenders
Banks and credit unions offer the best rates but have strict requirements. Online lenders fund quickly but may charge higher interest. Always check reviews and avoid lenders promising guaranteed approval or no credit checks.
4. Gather Documentation
Prepare your EIN, LLC formation documents, tax returns, bank statements, and financial statements. Having everything ready speeds up approval.
5. Apply and Review Terms
Submit your application online or in person. Once approved, carefully review loan terms before signing.
Alternatives to LLC Loans
If you don’t qualify or want other options, consider:
- Small-business grants: Free money but competitive and time-consuming to apply.
- Personal loans: Use your credit but risk personal assets.
- Business credit cards: Useful for short-term expenses or 0% intro APR offers.
- Crowdfunding: Raise money without debt but requires marketing effort.
- Loans from family and friends: Flexible but should be formalized in writing.
Final Thoughts
Getting an llc loan involves understanding your business needs, credit profile, and loan options. Whether you’re after an llc startup loan or a small business loan for an established LLC, preparing well and comparing lenders can help you secure the funding you need.
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