Few lenders let you use a personal loan for business expenses. Of those that do, Upgrade may be the best choice. It offers loans up to $50,000 with repayment terms of up to seven years and considers applicants with fair credit. That said, it's generally preferable to get a business loan through a bank or the Small Business Administration (SBA) — provided you and your business qualify.
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Best Personal Loans for Business of December 2024
Personal loans can be more expensive than business loans, but they’re often easier to qualify for.
By
Written by
Freelance writer
Emily Batdorf is a personal finance expert who specializes in banking, lending, credit cards, and budgeting. Her work has been featured by USA TODAY Blueprint, the New York Post, MSN, and Forbes Advisor.
Edited by 
Written by
Former editor, Fox Money
Charlie Tarver is a personal loan expert with more than five years of experience.
Reviewed by 
Written by
Senior editor, Fox Money
Meredith Mangan is a senior editor at Fox Money and expert on personal loans.
Updated November 22, 2024
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”
