Best Small Business Loans in California of February 2024

ElitePersonalFinance
Last Update: September 25, 2023 Business Loans by States and Cities

Due to state regulation, California’s small business loans are open and straightforward to apply for and manage. SB 1235, signed into law in California, imposes transparency requirements for small business lending consistent with federal consumer lending regulations.

Suppose you’re a California small company owner applying for a loan. In that case, you may rest comfortably knowing you have access to the complete picture, even if your counterparts in other states applying to the same lenders may not.

Finding California-specific small business loans online could increase the openness and accountability of the state’s funding system. California offers the country’s best small business loan rates and terms.

Businesses can get funding from traditional banks, community lending institutions, online lenders, and crowdfunding platforms. Whether you’re looking to expand your business, finance a new startup, or pay off existing debt, plenty of options can help you achieve your goals.

Our Marketplace

ElitePersonalFinance has the most significant financial marketplace in California, with hundreds of lenders and options. Whether you’re looking for a traditional bank loan, an online lender, or a community lending institution, we can help you find the best options for your needs.

With our easy-to-use comparison tool, you can quickly and securely find the best small business loans that match your needs. Enter some basic details about your business, and we’ll do the hard work!

Why Trust ElitePersonalFinance Guides?

We know that navigating the complex world of small business loans can seem overwhelming. That’s why our team is dedicated to providing you with the best information and guidance possible. Our experts have years of experience in the lending industry and know precisely what it takes to secure funding for a successful small business.

So, if you’re looking for a best-in-class small business loan to help you grow and succeed, look no further than ElitePersonalFinance. With our expert guidance, you’ll be well on your way to reaching your financial goals in no time!

In addition, we only work with reputable lenders who offer competitive rates and terms. When you use our services, you can trust that you are getting the best deal possible on your small business loan.

Best Small Business Loans in California February 2024: Key Findings

You can get a small business loan from a traditional bank, an online lender, a community lending institution, or a crowdfunding platform in California. Whether you’re looking to expand your business, finance a new startup, or pay off existing debt, plenty of options can help you achieve your goals.

The best small business loan lenders in CA offer between $2,000 and $6.5 Million, depending on your business needs and credit score.

The best small business loans in California cost between 3.99% and 79.80% APR, depending on your credit score, the lender you choose, and other factors.

The best SBA loan lenders in California offer repayment terms ranging from 2 to 7 years and flexible credit requirements.

To qualify for the best SBA loans in California, you’ll need a credit score of at least 600 and an established business with solid revenue.

Best Small Business Loans in California of February 2024

Lender:Loan Amount:APR:TermMin. Credit Score:Best For:
PNC BankUnsecured- ($20,000 – $100,000)

Secured – ($100,001 – $3 Million)

Either a fixed rate or a rate that can change over time.2 – 7 years720Line of credit loans
Wells Fargo SBA LoansUp to $6,500,000Prime + 1.75% and up2 – 7 Years700Established businesses with solid credit
Kabbage$2,000 – $250,0002% — 27%6, 12, or 18 months.640Businesses with low revenue (a minimum of $3,000 monthly)
Blue Vine$5,000 – $250,0006.2% – 50.00%6 or 12 months625Quick funding
Credibility CapitalUp to $500,0009.49% – 15.49%Up to 5 years650Established businesses
FundboxUp to $150,00010.10-79.80%12 – 24 weeks600Borrowers with bad credit
TAB BankUp to $350,0008.99% – 35.99%Up to 5 years650Bank small-business loans

PNC Bank

Loan Amount:Unsecured- ($20,000 – $100,000)

Secured – ($100,001 – $3 Million)

APR:Either a fixed rate or a rate that can change over time.
Min. Credit Score:720
Approval:Same day
Terms:2 – 7 years
Fees:
  • Loan origination fees of an unsecured business loan of $175 annually.
  • Late payment fees r