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Small Business Loans

Fast, flexible small business loans — get funding in as soon as 24 hours.†

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The Right Funding, Right when You Need it

Grand Funding Line of Credit

 Flexible credit available 24/7, so you can access funds in seconds.*

  • Limits from $6K – $200K
  • Choose 12, 18, or 24-month repayment
  • Perfect for keeping ready cash on hand
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Grand Funding Term Loan

A structured, one-time loan designed to help finance significant business investments and long-term initiatives.

Loan amounts from $5K – $500K

  • Repayment terms up to 24 months
  • Well-suited for larger purchases, expansion, or strategic growth projects
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How do small business loans work?

Small business loans give you access to financing you can use to invest in your business. Whether you need additional working capital to grow, or you need to smooth out cash flow during the offseason, small business financing can help.

There are different types of business financing available. A term loan offers a lump sum of cash upfront that you can repay over time. A small business line of credit gives you access to a set credit limit that you can draw from as needed, and as you repay the funds become available to borrow again. Understanding your financing options can help you choose one that works for you and your needs.

To get a small business loan, you can apply with traditional lenders like banks and credit unions, or you can use an online lender that offers a fast application and quick decisions. To prepare, begin by gathering the necessary documents and researching minimum requirements.

The approval process will vary depending on the lender, but they’ll typically evaluate things like your credit score, time in business, revenue and other financial and business details to make a decision. Once approved, you will receive your funding and repay your loan according to your repayment schedule. A business loan calculator can help you estimate costs.

How do small business loans work?

SBA loans are loans backed by the U.S. Small Business Administration. They’re offered through banks and other approved lenders and known for their competitive rates and long repayment terms.

These loans can be hard to qualify for and may come with additional paperwork and slower funding times. While Grand Funding doesn’t offer SBA loans, they’re worth understanding if you’re comparing options.

Grand Funding

SBA Loans

Loan Amounts

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

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

Funding Time

Once approved, you may be able to get same-day funding.†

Varies. Generally 2 – 10 business days.

Minimum Credit Requirements

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

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

Repayment

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

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

Collateral

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

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

SBA Loans: What You Need to Know

What Product does Grand funding offer?

Businesses often use term loans to fund large, one-time expenses or investments that support growth. A term loan provides a lump sum of capital with predictable repayments, making it easier to plan for major purchases or long-term projects.


Term loans are commonly used for expenses such as purchasing equipment, renovating or expanding a workspace, hiring staff, launching marketing initiatives, or restocking inventory. They are well suited for planned investments rather than day-to-day cash flow needs.


Fast funding in three simple steps

Start your application

Our streamlined process makes applying quick and easy.

Choose your solution

 Connect with an advisor who will guide you to the best funding option.

Access your money

Sign your agreement digitally. Funds can be available the same day.†

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 types of small business loans does Grand Funding offer?
Grand Funding provides a range of financing options to meet different business needs. Term loans give a set amount of funding repaid over time, while business lines of credit offer revolving access to funds up to an approved limit. The right choice depends on your business goals, cash flow needs, and how you plan to use the funds.
The time to approval and funding varies depending on the loan type and your qualifications. Our streamlined online application process helps make the review and approval process as efficient as possible, though timelines may vary based on your documentation and business profile.
Qualification depends on factors such as your time in business, annual revenue, credit history, and overall financial health. Providing accurate business and financial information helps ensure a smooth review process.
Loans with flexible criteria—like certain online term loans or lines of credit—can be more accessible than traditional bank loans. Ultimately, eligibility depends on your business’s financial profile and creditworthiness.
Some loans may require collateral, such as business assets, while others do not. Secured loans use collateral to support the loan and may offer different terms, while unsecured loans rely primarily on your business and credit profile.
It depends on the product. Term loans are installment-based, with fixed payments over a set schedule. Business lines of credit are revolving, allowing you to borrow, repay, and reuse funds up to your approved limit.
Rates vary depending on the product and your agreement. Some loans come with fixed rates and predictable payments, while others may have variable rates that change over time. Reviewing your loan terms carefully ensures you understand your repayment structure.