Best Small Business Loans in Nebraska 2023: Finest Selection

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Best Small Business Loans in Nebraska

In 2023, the landscape for small business loans in Nebraska is expected to remain competitive and diverse, offering entrepreneurs various financing options to support their ventures. With the continued growth of online and alternative lenders, small businesses will have even more opportunities to access tailored financing solutions that best suit their needs. 

Discover a world of funding solutions for your Nebraska LLC, from short-term cash boosts and flexible credit lines to tailor-made financing options. Gain access to diverse lenders, loan products, and cutting-edge fintech platforms for speedy, efficient, and accessible small business loans in Nebraska. Let LLCBase guide you through the exciting journey of setting up your business – we’ve got your back every step of the way.

Small Business Loans

What is a Small Business Loan

A small business loan provider is a financial institution, lender, or service that offers financing solutions specifically designed for small businesses in Nebraska. These providers facilitate access to capital for small businesses, helping them meet various financial needs such as working capital, equipment purchases, expansion, and other growth-related expenses. Small business loan providers can include Nebraska banks, credit unions, online lenders, and alternative financing companies. They offer a range of loan products, such as term loans, lines of credit, invoice financing, and merchant cash advances, each tailored to meet small businesses’ unique needs and requirements.

10 Best Small Business Loans in Nebraska

We will discuss Nebraska’s ten best small business loans, including eligibility criteria, loan amounts, annual percentage rates (APRs), and required minimum credit scores. Business loans provide financing options for business owners who want to start an LLC in Nebraska. We’ll also provide the pros and cons of each business loan to help you make the best decision for your Nebraska LLC.

1. OnDeck – Best for Short-term Loans

OnDeck is a leading online lender specializing in providing small businesses with short-term loans and lines of credit. With a simple application process, fast approval times, and flexible repayment options, OnDeck is an ideal choice for businesses seeking quick access to capital for short-term needs, such as working capital, inventory purchases, or unexpected expenses.

Eligibility Criteria

  1. At least one year in business
  2. Minimum annual revenue of $100,000
  3. Personal credit score of 625 or higher

Loan Amounts: $5,000 – $250,000

APR: starts at 29.9%

Minimum Credit Score: 625

Pros
  • Fast approval process
  • Flexible repayment options
  • Offers both term loans and lines of credit
Cons
  • High-interest rates for those with lower credit scores
  • Requires a personal guarantee
  • Not ideal for long-term financing
  • Unavailable in Nevada, North Dakota, or South Dakota.
Apply to OnDeck

2. Lendio – Best for Lender Comparison

Lendio is a small business loan marketplace that connects borrowers with a vast network of lenders, allowing business owners to compare loan options from various providers. By offering a wide range of loan products and personalized recommendations, Lendio helps businesses find the best financing solutions tailored to their unique needs and financial situation.

Eligibility Criteria

  1. At least six months in business
  2. Minimum annual revenue of $50,000
  3. Personal credit score of 560 or higher

Loan Amounts: $500 – $5,000,000

APR: starts at 3%

Minimum Credit Score: 560

Pros
  • Access to a vast network of lenders
  • One application for multiple loan options
  • Personalized loan recommendations
Cons
  • Not a direct lender – acts as a marketplace
  • Loan terms and rates vary depending on the lender
  • Some lenders may have additional fees
Apply to Lendio

3. QuickBridge – Best for Fast Funding

QuickBridge is an alternative lender that provides fast and flexible funding solutions to small businesses. With a simple application process, quick approval, and funding often within 24 hours, QuickBridge is an excellent choice for businesses needing immediate capital to address short-term financial needs or seize growth opportunities.

Eligibility Criteria

  1. At least nine months in business
  2. Minimum monthly revenue of $8,000
  3. Personal credit score of 850 or higher

Loan Amounts: $5,000 – $500,000

APR: start at 1.10-factor rates

Minimum Credit Score: 850

Pros
  • Fast funding, often within 24 hours
  • Simple application process
  • Early payoff discounts
Cons
  • Requires daily or weekly repayments
  • Short loan terms (up to 15 months)
  • Not ideal for startups or businesses with low revenue
Apply to QuickBridge

4. American Express Business Blueprint™ – Best for Lines of Credit

American Express Business Blueprint™ offers a range of financial solutions, including term loans and lines of credit, exclusively to American Express cardmembers. With flexible repayment options, competitive rates, and no origination or prepayment fees, this program provides businesses with the financial flexibility and support they need to grow and succeed.

Eligibility Criteria

  1. Must be an American Express cardmember
  2. Good credit history
  3. Satisfactory financial performance

Loan Amounts: Up to $250,000

APR: Varies by loan term

Minimum Credit Score: 640; good credit history is required

Pros
  • Flexible repayment options
  • No origination or prepayment fees
  • Offers both term loans and lines of credit
Cons
  • Only available to American Express cardholders
  • Limited to businesses with strong financial performance
  • Requires a personal guarantee
Apply to Amex

5. BlueVine – Best for Flexible Lines of Credit

BlueVine is an online lender that offers flexible lines of credit and invoice factoring solutions to small and medium-sized businesses. With fast approvals, competitive rates, and the ability to draw funds only when needed, BlueVine’s lines of credit provide businesses with the financial flexibility they need to manage cash flow and seize growth opportunities.

Eligibility Criteria

  1. At least six months in business
  2. Minimum annual revenue of $100,000
  3. Personal credit score of 625 or higher

Loan Amounts: $5,000 – $250,000

APR: starts at 6.2%

Minimum Credit Score: 625

Pros
  • Fast approval and funding
  • No prepayment penalties
  • Only pay interest on the funds you use
Cons
  • Not available for some industries
  • Requires a lien on business assets
  • Higher APRs for those with lower credit scores
  • Unavailable to businesses in North and South Dakota, Puerto Rico, and other U.S. territories
Apply to BlueVine

6. National Funding – Best for Small to Mid-Sized Businesses

National Funding is a trusted alternative lender that offers a variety of loan products, including working capital loans, equipment financing, and merchant cash advances, designed to meet the unique needs of small to mid-sized businesses. With flexible terms, high approval rates, and a quick application process, National Funding is a reliable financing partner for businesses seeking tailored funding solutions.

Eligibility Criteria

  1. At least one year in business
  2. Minimum annual revenue of $100,000
  3. Personal credit score of 600 or higher

Loan Amounts: $5,000 – $500,000

APR: start at 1.10%-buy rates

Minimum Credit Score: 600

Pros
  • Flexible loan terms and repayment options
  • High approval rates
  • Quick application process
Cons
  • Not transparent about APRs
  • Requires a personal guarantee
  • Not ideal for startups or businesses with low revenue
Apply to National Funding

7. Fundbox – Best for Small to Mid-Sized Businesses

Fundbox is an innovative financial technology company that provides lines of credit and invoice financing solutions to small and medium-sized businesses. With a fast and straightforward application process, transparent pricing, and flexible repayment options, Fundbox helps businesses manage cash flow challenges and unlock growth opportunities.

Eligibility Criteria

  1. At least two months in business
  2. Minimum annual revenue of $50,000
  3. Personal credit score of 600 or higher

Loan Amounts: $1,000 – $150,000

APR: Start at 4.66%

Minimum Credit Score: 600

Pros
  • Fast funding, often within 24 hours
  • No prepayment penalties
  • Transparent pricing and fees
Cons
  • Short loan terms (up to 12 months)
  • Requires weekly repayments
  • Not suitable for startups or businesses with low revenue
Apply to Fund Box

8. TD Bank – Best for Healthcare Professionals

TD Bank offers specialized financing solutions designed exclusively for licensed healthcare professionals, including dentists, veterinarians, and physicians. With flexible repayment terms, relationship-based pricing, and a deep understanding of the healthcare industry, TD Bank is a trusted financing partner for healthcare practices seeking to grow, expand, or modernize their operations.

Eligibility Criteria

  1. Licensed healthcare professionals
  2. Good personal credit history
  3. Satisfactory financial performance

Loan Amounts: Up to $5,000,000

APR: Varies by loan product and borrower qualifications

Minimum Credit Score: 660; good credit history is required

Pros
  • Specialized financing options for healthcare professionals
  • Flexible repayment terms
  • Relationship-based pricing for existing customers
Cons
  • Limited to healthcare professionals
  • Requires a personal guarantee
  • Not transparent about APRs and fees
  • Only located in 16 states
Apply to TD Bank

9. Funding Circle – Best for Established Business

Funding Circle is a leading online lender that offers affordable and transparent term loans to established small businesses. With competitive interest rates, longer loan terms, and no prepayment penalties, Funding Circle provides businesses the capital they need to invest in long-term growth opportunities and strengthen their financial position.

Eligibility Criteria

  1. At least two years in business
  2. Minimum annual revenue of $50,000
  3. Personal credit score of 660 or higher

Loan Amounts: $25,000 – $500,000

APR: 7.49% to 24.99%

Minimum Credit Score: 660

Pros
  • Competitive interest rates
  • Longer loan terms (up to 5 years)
  • No prepayment penalties
Cons
  • Requires a lien on business assets
  • Not ideal for businesses with low revenue or credit scores
  • Longer application process compared to other lenders
Apply to Funding Circle

10. Biz2Credit – Best for Loan Options

Biz2Credit is a small business financing platform that connects borrowers with a wide range of loan options from an extensive network of lenders. With a personalized approach to loan recommendations and various loan products, Biz2Credit helps businesses find the right financing solution to meet their unique needs and financial goals.

Eligibility Criteria

  1. At least six months in business
  2. Minimum annual revenue of $100,000
  3. Personal credit score of 575 or higher

Loan Amounts: $25,000 – $6,000,000

APR: Varies by loan product and borrower qualifications

Minimum Credit Score: 575

Pros
  • Wide range of loan options
  • Access to a network of lenders
  • Personalized loan recommendations
Cons
  • Not a direct lender – acts as a marketplace
  • Loan terms and rates vary depending on the lender
  • Some lenders may have additional fees
Apply to Biz2Credit

FAQs

What are some of the best small business banks in Nebraska?
Some of the best small business banks in Nebraska include
Does Wells Fargo have branches in Nebraska?
Yes, Wells Fargo has several branches across Nebraska, making it one of the best small business banks in the state.
Are there any community banks in Nebraska that cater to small businesses?
Yes, there are several community banks in Nebraska that cater specifically to small businesses like first national bank.
What is the main advantage of using a small community bank in Nebraska for my small business?
One of the main advantages of using a small community bank in Nebraska for your small business is the personalized customer service you’ll receive.
What makes Great Western Bank a good choice for small businesses in Nebraska?
Great Western Bank has a strong presence across Nebraska and offers a wide range of financial services tailored to small businesses.
Does American National Bank have any locations outside of Nebraska?
No, American National Bank is Nebraska-owned and operated with branches and ATM locations throughout the state.
Can I get a business loan from Union Bank and Trust to start my small business in Nebraska?
Yes, Union Bank and Trust offers a variety of loans, including small business loans, to help you start or grow your business in Nebraska.
Are there any credit unions in Nebraska that offer financial services for small businesses?
Yes, there are several credit unions in Nebraska that offer financial services and lending programs for small businesses.
Can I access my business bank account online with Wells Fargo while living in Nebraska?
Yes, Wells Fargo offers online banking services to all of its customers, even those living in Nebraska.
What are some business support services that American National Bank offers to small businesses in Nebraska?
American National Bank offers detailed financial planning, investment strategy advisors, retirement planning and other support services to small businesses in Nebraska.
Which bank in Nebraska offers the most seamless online banking experience for small businesses?
Wells Fargo offers a seamless online banking experience that any small business owner in Nebraska would appreciate.
What kind of lending programs does Great Western Bank offer small businesses in Nebraska?
Great Western Bank offers a variety of lending programs including the SBA’s 7(a) and 504 loans, small business lines of credit, and commercial real estate loans.
Can I use a small nation-wide bank like Chase for my small business in Nebraska?
Yes, you can use a nation-wide bank like Chase for your small business. They have a few locations in Nebraska making them accessible.
Can a sole proprietor small business open a checking account at Union Bank and Trust in Nebraska?
Yes, any small business type can open a checking account at Union Bank and Trust in Nebraska. Their business banking services cater to all small businesses in legal standings.
Does American National Bank offer cash management services to small businesses in Nebraska?
Yes, American National Bank provides cash management services for small businesses in which cash can be accessed via an online banking hub.
How does Great Western Bank support small businesses in Nebraska?
In addition to lending options, Great Western Bank supports small businesses in Nebraska with technological modernization and Loan-making technologies that can assist in improving financial affairs.
What inflation fighting products does Nebraska small businesses incorporate for savings plans?
Nebraska savings accounts have good APY accounts promoted by Consumers savings and listed on SuBest interest pages.
Can out of state businesses open accounts at small community banks in Nebraska?
It’s possible to open accounts with some small community banks in Nebraska if your business is established within the state. However, it’s still more advisable to visit a bank of the current locality just to solve unforeseen issues.
Do any small business banks in Nebraska cater to agricultural small businesses particularly?
Yes, Union Bank and Trust has a dedicated agri-business group to cater to small farmers and their financial needs, which can include agricultural loans, crop insurance, and yearly farm planning.
Does Great Western Bank offer business checking accounts in Nebraska?
Yes, Great Western Bank offers several types of business checking accounts designed to meet various small business needs, including its Remote Business Checking account and its Interest Business Checking account.
Can I apply for a business credit card with Wells Fargo in Nebraska?
Yes, Wells Fargo offers several business credit card options, including rewards, cash-back and customized credit solutions specifically designed to meet small business needs in Nebraska.
Are there walk-in locations for American National Bank in most Nebraska deregulated cities?
Yes, American bank began its place in Omaha over 155 years ago. As a result of a growing customer base, the earned attention delivered 30 Minnesota and Nebraska walk-in locations to offer sole freelancers to small corporations sound-tier commercial capabilities.
What is VirtualVault and does it meet regulatory needs for small businesses in Nebraska?
VirtualVault is a powerful online banking tool offered by Wells Fargo that enables businesses to improve cash flows by automatically recording transactions and linking directly to applicable accounting channels. Due to its cloud support and optimizations, the service offers privilege and regulatory to data security terms with compliance expected.
Does Union Bank and Trust offer loans for non-profit small businesses in Omaha Nebraska?
Yes, Union Bank and Trust provides financing solutions catered to fit the needs of non-profitable small businesses, which include lines of credit, conventional financing, and specialized rate term loans excluding personal gain purposes.
Can small businesses, largely employing part-time staff, approach their federal taxes with United State banks in Nebraska?
Absolutely, SBA, sold through a partnership with participating banks as part of SBA 7(a) of loanary function and aims to support smes to undertake federal and other small business ventures in Nebraska.
Has Nebraska been successful helping small businesses attain financial stability across the state of appeals?
Small Business Optimism signified positive businesses’ outcomes, unexpected policy shifts, and growth swelled indicators in fiscal quarter four of 2018, as Nebraska ranked among the best small business economy fared well, portraying desirable Nebraska expansions.
Are digital financial services offered by Great Western Bank in Nebraska?
Great Western Bank has always been at the forefront of modern banking bundled with their innovative view focused business accounts, digital processes have to cover investing safe financial operations and can be utilized anywhere in Nebraska even clients’ nomadic schedules.
Can my small business access extensive financial supports around Nebraska college cities?
Of course, Wells Fargo nurtures premium investment back-ups in leading Omaha college cities to which promising visionaries are resilient with the endeavor they might recruit in Nebraska.
What sustainable and meaningful regulatory benefits are available to thriving franchises, in Nebraska?
To enhance awareness about safekeeping compliance and efficiency in sight to extending entrepreneurial networks and viable federal resources willingly administered to people with disabilities throughout Nebraska and franchise-based businesses made practical through unifying SBA departments and farm development institutions.
How important is brick and mortar banking in Nebraska when running a small business enterprise?
Despite various digital-supported systems realistically used across metropolitan cities for mobile loan servicing via web apps, branching coverage, and wide regional zoning for dual delivery fundamentals to receive improved customer proficiency mode; brick and mortar banking has been proven traditional and a walloping strategy as the capital falls below physical management of Capital.

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Conclusion

As Nebraska, also known as The Cornhusker State continues to foster a vibrant entrepreneurial ecosystem, having access to the right financial partners and resources will be crucial in navigating this thrilling ride. By exploring various small business loan options and staying attuned to the ever-evolving financing landscape, entrepreneurs can achieve their dreams and contribute to the ongoing prosperity of the Nebraska economy.

When looking for the best small business loans in Nebraska, it’s essential to consider your unique needs and financial situation. Whether you’re forming a Nebraska LLC or growing your existing LLC in Nebraska, each of these lenders offers something different to help you achieve your goals. Be sure to compare loan options, eligibility criteria, APRs, and repayment terms to find the right fit for your business. Visit LLCBase for more information about starting an LLC in Nebraska.

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