Because Your Hard Work Deserves a Boost
We believe in your business journey.
You’ve worked hard to build your business, now it’s time to grow it even more. Our Small Business Loans are made to help you handle challenges, grab new opportunities, and keep your business moving forward with confidence.
What is a Small Business Loan?
A small business loan gives you the support you need to grow your business. Whether you’re just starting or already running your company, it helps you get the money to reach your goals, from opening a new branch to buying more equipment. Each loan works in its own way to match your business needs.
Simple Application
No stress or long forms, our easy process helps you apply in minutes and get approved fast.
660+ FICO
Got good credit? Great! A 660+ score helps you unlock better loan offers and lower rates.
Larger Amounts
Need more funds to grow your dream? Get higher loan amounts to cover big plans and bold goals.
Same Day Funding
Don’t wait days for your money, get funds the same day and keep your business moving forward.
What Do You Need to Qualify?
4+ Months in Business
Been running your business for a few months? Great! That shows you’re serious and ready to grow.
$10,000+ Monthly Gross Sales
Your business is ready for funding if you make at least $10,000 a month or $120,000 a year in sales. That shows your business is strong and growing, and we’re here to help it grow even more.
660 FICO Score
No matter your credit story, we’ve got options for you. If your credit score is 660 or higher, you can unlock great loan choices made to fit your business goals.
Why Joshygroup?
Getting the right loan isn’t just about money, it’s about finding a partner who truly understands your goals. We make business funding simple, fair, and personal, so you can focus on what really matters: growing your dream.
Trusted by Business Owners
Hundreds of small business owners count on us because we keep things honest and simple. We’re known for real results, not empty promises. When you win, we win too.
Fast and Hassle-Free Process
No long lines or confusing steps. Apply in minutes, get quick feedback, and access your funds without stress. We make financing fast and frustration-free.
Flexible Loan Options
Every business is different, so your loan should be too. We offer flexible options that fit your needs, whether you’re just starting or ready to expand.
No Hidden Fees, No Surprises
What you see is what you get. We’re upfront about costs and terms, so you always know exactly what you’re signing up for. Clear, fair, and transparent, just how it should be.
Simple Answers for Smarter Business Growth
A Small Business Loan gives you the power to grow without giving up control of your business. It helps you manage cash flow, buy equipment, or hire new staff, all while keeping your profits and independence. You get the money you need, when you need it, without risking your personal savings.
It’s simple. You’ll need your business license, Tax ID or SSN, recent bank statements, and financial records like tax returns or balance sheets. Having these ready makes your approval faster and smoother.
In most cases, you can get a decision within a few business days. We keep things quick and stress-free, so you can get your funds and get back to growing your business.
Rates depend on the loan type, your business history, and how much you need. We work hard to match you with the best option available; fair, flexible, and built around your goals.
What Is a Small Business Loan?
A small business loan is money that helps your business grow without losing control or worrying about cash flow. It’s a funding option made just for business owners like you, whether you’re just starting or ready to take your business to the next level.
With a small business loan, you can buy equipment, hire new staff, restock inventory, or handle surprise expenses with ease. It’s the helping hand that lets you focus on what really matters, building your dream.
There are different loan types for different goals, so you can always find one that fits your business perfectly.
Term Loan:- Get a set amount of money upfront and pay it back over time. With fixed payments and clear terms, Term Loans make planning easy. Perfect for business owners who want stability, growth, and peace of mind.
Equipment Financing:- Need new tools or machines to grow faster? Equipment Financing helps you get the gear you need today and pay for it gradually. You stay productive and competitive without draining your cash flow.
Accounts Receivable Financing:- Waiting on customers to pay their invoices? Turn those unpaid bills into instant cash. With Accounts Receivable Financing, you can keep your business moving, pay expenses, and never feel stuck waiting for payments again.
Merchant Cash Advance:- If most of your sales come from credit cards, this option keeps your cash flow smooth. You get funds now and repay a small percentage of your daily sales; no stress, no missed payments, no surprises.
Business Line of Credit:- Think of it like a safety net for your business. A Business Line of Credit gives you flexible access to money when you need it. Use it for emergencies, new opportunities, or daily expenses only pay for what you use.
What You Need to Qualify for a Small Business Loan
Getting approved for a small business loan doesn’t have to be scary. Once you understand what lenders look for, you can prepare with confidence and increase your chances of getting approved quickly.
Here are the main things most lenders will check:
Your Credit Score
Your credit score helps lenders see how well you handle money. A good score tells them you’re responsible and ready to borrow.
If your score isn’t perfect, don’t panic, many lenders still work with business owners who are building their credit. It’s a good idea to check your credit report before applying and fix any small errors. Even a few extra points can help you qualify for better offers and lower rates.
Your Business Bank Records
Your bank records tell your business story, how much money comes in, how you manage expenses, and how steady your cash flow is.
Showing healthy records builds trust and helps lenders see that your business is stable and well-managed.
To look your best to lenders:
- Keep a steady account balance with regular deposits.
- Avoid overdrafts (or set up overdraft protection).
- Ask your bank for a reference letter, it helps show reliability.
- Most lenders prefer businesses that have been active for at least 6 months, so be ready to show your business history.
When your records are clean and consistent, lenders feel confident, and that confidence can lead to faster approvals and better loan terms for you.
Key Numbers Lenders Care About
When you apply for a loan, lenders don’t just look at your credit score, they look at the story your numbers tell. These numbers help them see how healthy your business is and how much you can safely borrow.
Think of it as showing proof that your business is strong and growing. The better your numbers, the more confidence lenders have in helping you reach your goals faster.
Here are the key things lenders usually check:
- Gross Margin: How much profit you make after covering your costs.
- Cash Flow: How smoothly money moves in and out of your business each month.
- Debt-to-Equity Ratio: How much of your business is funded by loans compared to your own money.
- Accounts Payable & Receivable: How quickly you pay your bills and how soon your customers pay you.
- Earnings: How much you actually make after everything is paid for.
Monthly Sales or Business Assets
Lenders want to understand how strong your business really is, not just on paper, but in real life. That’s why they may ask for a list of your assets (what your business owns) or see how much you make in monthly sales.
This isn’t about making things complicated. It’s about helping them feel confident that your business is stable, growing, and ready for support.
If you don’t have big assets to show, no worries! You can still prove your strength by showing steady money coming into your business bank account. That’s often enough to show lenders you can easily handle your loan payments.
Benefits of Small Business Funding
Running a business takes courage, and the right support can make all the difference. A small business loan gives you the money and freedom to grow without losing control of what you’ve built.
With flexible funding, you can buy new equipment, restock inventory, pay your team on time, or finally open that second location you’ve been dreaming about. You stay in charge, no borrowing from family or risking your personal savings.
Whether you need quick cash to cover daily expenses or long-term funding to take your business to the next level, the right loan helps you breathe easier and move forward with confidence.
Remember, most businesses fail because they run out of cash, but with the right financing, yours can stay strong, steady, and growing every single day.
Steps to Getting a Small Business Loan
1. Gather Your Documents
Having your documents ready helps you get approved faster and makes the process smooth. You’ll need:
- Your Tax ID or Social Security Number
- Business license or registration
- Recent tax filings and bank statements
- Profit & loss or balance sheet (if available)
2. Know Your Loan Options
There are different ways to fund your business and choosing the right one depends on your goals:
- Term Loans: Get a set amount and pay it back over time, great for big plans.
- Lines of Credit: Borrow what you need, when you need it, and only pay for what you use.
- SBA Loans: Government-backed loans with great rates and flexible terms.
Each option gives you a chance to grow your business without losing control or stressing over cash flow.
Joshygroup connects you with many more business financing options to help you find the perfect fit for your goals.
3. Apply
Once your documents are ready, it’s time to take the next step toward growing your business. Don’t wait until things get tough, applying early helps you get the funds you need right when you need them.
Still not sure which loan fits your business best? Complete a quick 1-minute application with Joshygroup, and our friendly funding experts will help you find the right option for your goals.
What Are the Average Small Business Loan Rates?
Understanding loan rates helps you make smart choices for your business. Rates can vary depending on the loan type, amount, and terms, but knowing what to expect keeps you in control.
Traditional bank loans often have lower rates, while alternative lenders offer faster approvals and more flexible options, even if your credit isn’t perfect.
Most small business loan rates range from 2% to 13%, while SBA loans usually fall between 3.5% and 11%. The right choice depends on your needs, but no matter what, the goal is the same: affordable funding that helps your business grow with confidence.
How to Get a Business Loan Without Collateral
You don’t always need to offer property or equipment to get a loan. What matters most is showing that your business is strong and trustworthy.
1. Build Your Credit
If you don’t have collateral, your credit score is your promise. Keep your bills paid on time and lower your credit use, this helps lenders trust you more.
2. Know Your Cash Flow
Show that your business makes enough money to repay what you borrow. A clear plan gives lenders confidence and makes approval easier.
Once you’ve got your credit and cash flow in shape, explore loan options that help your business grow without risking what you own. Joshygroup is here to guide you every step of the way.