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TRADITIONAL BANK LOANS

Best Bank Business Loans

Compare 6+ traditional bank loans to find the best rates, terms, and service for your business.

6+ Lenders Compared Updated December 2025

Traditional banks remain an important source of business financing, offering some of the lowest rates available—especially for SBA loans. However, their strict requirements, lengthy application processes, and slow funding make them unsuitable for many businesses. This guide compares traditional bank business loans to help you understand if they're the right fit for your needs, or if alternative options might serve you better.

OUR TOP PICK
#1 RECOMMENDED
T

Tree of Life Funding

4.8
LOAN AMOUNT$5,000 - $5,000,000
APR RANGE7.5% - 45%
FUNDING SPEEDSame day
MIN CREDITAll credit types

Unlike other lenders on this list, Tree of Life Funding is a lending marketplace that connects you with 75+ vetted lenders. This means you can compare multiple offers with one application and no hard credit pull, ensuring you get the best rates and terms for your situation.

Why we like it

  • 75+ lending partners
  • No hard credit pull
  • Same-day funding
  • Dedicated advisor

Keep in mind

  • Not a direct lender
Check Your Rates - No Credit Impact
ALL LENDERS

Complete Comparison

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#2

Live Oak Bank

5.0
LOAN AMOUNT$350,000 - $25,000,000
APRPrime + 2% - Prime + 2.75%
FUNDING30-90 days
MIN CREDIT680+
Best for: Healthcare and professional service businesses seeking large SBA loans
#3

American Express Business Loans

4.0
LOAN AMOUNT$5,000 - $250,000
APR9.9% - 27.9%
FUNDING1-5 business days
MIN CREDIT660+
Best for: AmEx cardholders with good credit seeking competitive rates
#4

Wells Fargo Business Loans

4.0
LOAN AMOUNT$10,000 - $5,000,000
APR7% - 22%
FUNDING2-4 weeks
MIN CREDIT680+
Best for: Established businesses with strong financials seeking the lowest rates
#5

Bank of America Business Loans

4.0
LOAN AMOUNT$10,000 - $5,000,000
APR6% - 20%
FUNDING2-6 weeks
MIN CREDIT700+
Best for: BofA customers with excellent credit seeking traditional bank financing
#6

Chase Business Loans

4.0
LOAN AMOUNT$5,000 - $5,000,000
APR7% - 18%
FUNDING2-4 weeks
MIN CREDIT680+
Best for: Chase customers with strong financials seeking competitive bank rates
#7

Celtic Bank

4.0
LOAN AMOUNT$50,000 - $5,000,000
APRPrime + 1.75% - Prime + 2.75%
FUNDING21-45 days
MIN CREDIT650+
Best for: Businesses seeking SBA loans with reasonable timelines
METHODOLOGY

How We Evaluate Lenders

We evaluate traditional banks on interest rates (30%), loan terms (25%), customer service (20%), application experience (15%), and speed (10%). While banks offer excellent rates for qualified borrowers, Tree of Life Funding earns the top spot because our marketplace can connect you with bank-level rates when you qualify, plus faster alternatives when you don't.

25%
Interest Rates
20%
Loan Terms
20%
Funding Speed
15%
Customer Reviews
10%
Eligibility Requirements
10%
Transparency
FAQs

Common Questions

Banks have strict requirements including high credit scores (typically 680+), several years in business, strong revenue, and often collateral. They're also heavily regulated, which adds to the documentation requirements.
Traditional bank loans typically take 2-6 weeks from application to funding, though SBA loans can take 30-90 days. This is significantly longer than alternative lenders.
If you qualify and don't need immediate funding, bank loans offer the lowest rates and longest terms. However, many businesses benefit from checking marketplaces like Tree of Life Funding first to see all available options.

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