Best Small Business Loans in Florida
What type of Florida small business loan should I choose?
No matter what type of Florida business loan you need, chances are you need the money fairly quickly. While some business owners may have a difficult time finding funding, our trusted partners specialize in Florida loans for all types of business owners:
- Florida Small business loans for women
- Florida Small business lending for veterans
- Florida Small business funding for startups
If you're considering applying for a small business loan in Florida, there are 3 basic loan types to choose from:
- Small Business Administration (SBA) loans in Florida
- If you qualify for an SBA loan, this will likely be your best option. Interest rates are often more favorable than other types of small business loans which can help reduce your monthly payments.
- Fixed rate small business loans in Florida
- Assuming you make on time payments, your interest rate will not change for the life of the loan with fixed interest rates. You may pay a slight premium at the outset (either in origination fees or the interest rate itself) but the trade is often worth it. Be sure to crunch the numbers to see if the increase in fees or interest rate will worth the peace of mind knowing your rate will never change.
- Florida variable interest rate loans
- Often you will receive a lower interest rate at the outset with variable interest rate loans in Florida. But beware. Your interest rate will fluctuate throughout the life of the loan. This can cause dramatic swings in your monthly payments, something you may need to prepare for if interest rates begin to climb. Be very careful if you're considering a Florida loan with a variable interest rate
Each of the above types of small business loans in Florida come with an origination fee. Origination fees vary for each loan. SBA-guaranteed loans are charged a percentage of the guaranteed loan amount, this cost is sometimes passed on to the borrower.
To fully understand the cost of small business loans in Florida, compare rates with our verified loan providers today!
Actual Small Business Loans Near Customer Requests in FL
TRINA S.
What type of financing would you like?
Commercial mortgage
How long has your business been in operation?
More than 5 years
How much funding are you seeking?
$250,000 - 499,999
Do you have credit issues that may impact financing?
No
For what type of business are you seeking a loan?
A business that I currently own
What is the primary reason you are seeking this loan?
Real estate purchase or commercial mortgage
What are your approximate total business revenues over the past 12 months?
$100,000-299,999
Comments
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DAN C.
What type of financing would you like?
Other
How long has your business been in operation?
Less than 1 year (start-up)
How much funding are you seeking?
$100,000 - 249,999
Do you have credit issues that may impact financing?
No
For what type of business are you seeking a loan?
A business that I am about to start
What is the primary reason you are seeking this loan?
Property or facilities remodeling/enhancement
What are your approximate total business revenues over the past 12 months?
$0 revenue (start-up)
Comments
"We have $400,000 in checking/savings and another 2.5M in retirement/securities. We want to see the lowest % loan we could obtain to compare to using current finances. We are starting a Rita’s franchise."
BRENDA K.
What type of financing would you like?
General business
How long has your business been in operation?
2 - 5 years
How much funding are you seeking?
Less than $100,000
Do you have credit issues that may impact financing?
No
For what type of business are you seeking a loan?
A business that I currently own
What is the primary reason you are seeking this loan?
Debt consolidation
What are your approximate total business revenues over the past 12 months?
$100,000-299,999
Comments
"We have a high interest loan for equipment and personal loans. I would like to get a better interest rate and pay off all these loans. We have had some loss of business due to the Coronavirus and need a little to recover for a few months until things get back to normal. "
JOSEPH S.
What type of financing would you like?
Other
How long has your business been in operation?
More than 5 years
How much funding are you seeking?
Less than $100,000
Do you have credit issues that may impact financing?
No
For what type of business are you seeking a loan?
A business that I currently own
What is the primary reason you are seeking this loan?
Debt consolidation
What are your approximate total business revenues over the past 12 months?
Less than $99,999
Comments
"Retire some debt . Working capital to expand ."