Small Business Loans

Smart, flexible financing solutions for small businesses.

$500M+

Funding Provided Nationwide

300+

Satisfied Business Owners

150+

Businesses Supported

Funding Solutions Built for Your Business

Ream Advance offers two flexible financing options for small businesses: a business line of credit and a business term loan. Both are designed to provide reliable access to working capital when your business needs it. Our simple online application is easy to complete, and qualified applicants receive a clear decision on their eligibility.

Ream Advance Line of Credit

Funding access designed to support your business whenever the need arises.

Ream Advance Term Loan

Get a lump sum upfront for larger projects, with potential for future funding

How do small business loans work?

Small business loans provide access to the capital you need to grow or maintain your business. Whether you’re looking to expand, invest in new equipment, cover seasonal cash flow gaps, or fund other business needs, financing can help you stay on track.

There are different types of financing to consider. A term loan delivers a lump sum upfront that you repay over a fixed period, while a business line of credit gives you a revolving credit limit that you can draw from as needed, with available funds replenishing as you make repayments. Understanding the differences helps you choose the option that fits your business goals.

You can apply for financing through traditional banks and credit unions or through online lenders like Ream Advance, which offer a straightforward application process and clear funding decisions. To prepare, gather financial documents and review minimum eligibility requirements.

Lenders evaluate applications based on factors such as business revenue, time in operation, credit profile, and other financial information. Once approved, funds are delivered according to the loan type, and you repay based on the agreed-upon schedule. Tools like a business loan calculator can help estimate costs and plan your payments.

Ream Advance vs SBA Loans

SBA loans are government-backed loans offered through banks and approved lenders. They are known for competitive interest rates and longer repayment terms, making them appealing for certain long-term business investments. However, SBA loans can be more difficult to qualify for and often involve additional paperwork and longer funding timelines. While Ream Advance does not provide SBA loans, it’s helpful to understand them when comparing financing options to find the best fit for your business needs.

Ream

Loan Amounts

Minimum Credit Requirements

Repayment

Collateral

Ream Advance

5K – $400K for term loan; $6K – $200K for line of credit.

625 personal FICO® score; $100K in business annual revenue.**

Term loans repay daily or weekly over 6 – 24 months; Lines of credit repay weekly or monthly over 12, 18 or 24 month terms.

Line of credit is unsecured; Term loans are secured with a general lien on the business.

SBA Loans

$500 to $5.5 million, depending on the program.

Not defined; need to demonstrate creditworthiness, ability to repay.

Microloans have a maximum of 7 year repayment terms; 504 and 7(a) loans can have repayment terms up to 25 years.

None needed for loans up to $50K. It’s helpful but not required for larger loans.

What you need to know about SBA Loans

SBA loans are a popular and trusted option for small business financing. These government-backed loans are offered through approved banks and lenders and are known for competitive interest rates and longer repayment terms. Learning how they work and whether your business qualifies can help you compare financing options and choose the best fit.

SBA 7(a) Loan Program

The 7(a) Loan Program is the SBA’s primary loan offering, providing funding up to $5 million. These loans can be used for a wide range of business purposes, including working capital, purchasing commercial real estate, acquiring equipment, or other growth initiatives.
SBA Express Loan
Part of the 7(a) program, SBA Express loans are designed for faster approvals. Certain qualified lenders can make decisions using their own processes without a full SBA review, which can speed up funding. Loan amounts are typically smaller than standard 7(a) loans.
SBA 504 Loan Program
SBA 504 loans focus on long-term investments that support business expansion and local economic development. These loans are offered through Certified Development Companies (CDCs), non-profit organizations that partner with the SBA to connect small businesses with funding for projects that drive community growth.
SBA Microloan Program
Microloans are small-dollar loans tailored for startups, newer businesses, or those with limited credit history. Typical microloans average around $13,000, but can go up to $50,000 depending on the borrower and lender.

SBA 7(a) Loan Program

SBA loans generally require more documentation than other financing options. Applicants need to complete detailed applications and provide financial statements, a business plan, and a description of how funds will be used. The approval process can take several weeks, depending on the lender.
Basic SBA Requirements:

Must be a U.S.-based for-profit business
Must meet SBA size standards
Must demonstrate that similar credit is not available elsewhere
Lender Requirements: 
Approved lenders may have additional criteria, such as:
Strong credit history
Minimum revenue thresholds
A certain time in business
Possible collateral or personal guarantee
Understanding these programs and requirements can help you decide whether an SBA-backed loan is the right fit for your business needs.

Get funding on your timeline

1 Apply online

Complete the short application – it just takes a few minutes.

2 Review and select

A loan advisor helps you pick the best option for your business goals.

3 Receive your capital

Sign your agreement digitally and move forward with funding.

Are you eligible? Our minimum requirements

12 months in business
Active business checking account
$100K annual revenue
625 personal FICO® score

FAQs: Small Business Loans

What are the different types of business loans?

Small business financing comes in several forms. Common options include term loans, which provide a lump sum repaid over time, and business lines of credit, which allow you to draw funds as needed up to a set limit. Other options may include SBA-backed loans, equipment financing, and microloans.

How do I qualify for a small business loan?

Lenders generally evaluate factors such as your business’s time in operation, annual revenue, credit history, and financial stability. Certain loan types may also require collateral or a personal guarantee. Preparing key financial documents in advance can help streamline approval.

What is the easiest small business loan to get?

Business lines of credit and some online term loans are often easier to qualify for than traditional bank loans, especially for businesses with shorter operating histories or moderate credit profiles. Loan eligibility varies based on lender requirements.

Are small business loans secured or unsecured?

Some loans require collateral (secured), such as equipment or real estate, while others do not (unsecured). Secured loans may offer lower rates or higher limits, whereas unsecured loans provide flexibility without tying up assets.

Are small business loans installment credit or revolving credit?

Term loans are typically installment credit, meaning you repay fixed amounts over a set period. Lines of credit are revolving credit, allowing you to borrow, repay, and borrow again as needed.

Are small business loans fixed or variable?

Interest rates may be fixed, giving predictable payments, or variable, which can fluctuate over time. Your lender will outline the type of rate and repayment structure before you accept the loan.

Small Business Loan

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Same-Day Funding is only available in certain states for term loans up to $250,000. Eligibility window is Monday–Friday before 10:30 a.m. ET. If checkout is completed before 10:30 a.m. ET, funds may be available by 5:00 p.m. local time the same business day. If checkout is completed after 10:30 a.m. ET, or on a weekend or bank holiday, the loan will not qualify for Same-Day Funding and funds will typically be deposited within 2–3 business days.
Instant Funding requires registration and is subject to the Instant Funding Terms & Conditions. Instant Funding is limited to open lines of credit for draw amounts between $1,000 and $10,000, with a limit of one draw request per day. Not all banks or debit card providers participate. To qualify, you must register a business debit card that matches the information associated with your Ream Advance account. Transfers are typically completed within 30 minutes but may be subject to additional restrictions or delays.
Certain industries are not eligible for financing (see list of restricted industries). In addition, Ream Advance does not lend to businesses located in North Dakota. Additional underwriting requirements may apply.
If you pay off a Ream Advance term loan early, you may still be required to pay a portion of the unpaid interest expense, as outlined in your loan agreement. The specific percentage will be disclosed in your agreement.
Eligibility for the lowest rates is very limited and available only to businesses with the strongest credit profiles and cash flow performance. This typically includes businesses that demonstrate excellent payment history on prior financing products with Ream Advance.
The average APR for term loans is 56.4%, and the average APR for lines of credit is 56.6%. Averages are based on loans originated in the six-month period ending June 30, 2025.
Depending on your state and other application factors, you may be required to make a minimum initial draw of $1,000 at origination.
Only customers who have previously renewed a term loan are eligible for a 0% origination fee. Customers renewing a term loan for the first time may receive a discounted origination fee. No origination fee discount applies to renewal loans with a 24-month term.
All loans are subject to lender approval. Depending on your state, business profile, and loan characteristics, financing may be provided by Ream Advance or one of its lending partners. The lender will be clearly identified in your loan agreement prior to signing.
Only select customers with strong credit profiles and sufficient verified monthly revenue who meet specific underwriting criteria are eligible for loan amounts up to $400,000.