Is It Hard for an LLC to Get a Loan?
It is not hard for an LLC to get a loan, provided the business behind the LLC has fundable numbers. Lenders barely care about your entity type. They care about three things: monthly revenue, the owner's personal credit, and time in business.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
The Full Answer
Where LLC owners actually run into trouble, it is one of these. Revenue too thin or inconsistent: most lenders want to see steady monthly deposits, with floors ranging from $10K to $50K+ a month depending on the lender. Credit below the lender's line: banks want 680+, online lenders go as low as the 500s. Business too young: banks want 2+ years, while revenue-based lenders fund at 3–6 months.
If your LLC clears even the lower ends of those bars, you have a real market of willing lenders. The perception that it is hard usually comes from applying to a single bank, which approves roughly a quarter of applicants, and treating that decline as the market's answer. It isn't. It is one lender's answer.
One expectation to set: an LLC does not exempt you from a personal guarantee. Virtually all small business lenders require one.
How Quordx Helps
Quordx turns your LLC's numbers into matched offers: one free application against 50+ lenders, routed to the 3–7 most likely to approve you, decisions typically in 24–48 hours.
Find out how fundable your LLC really is: apply free in about 10 minutes.
Apply for Funding
No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
Read full bio
Related articles
More on this topic from the Quordx Capital library.
Important Disclosures
Quordx Capital is a business funding broker, not a lender. We facilitate introductions between U.S. small and medium-sized businesses and lenders or capital providers in our network. All credit decisions, funding amounts, rates, fees, repayment terms, and timelines are determined solely by individual lenders based on their own underwriting criteria.
Funding figures and timelines shown on this page are illustrative and represent ranges within our lender network, they are not guarantees and individual outcomes may vary based on business profile, industry, time in business, revenue, credit history, and lender availability. Not all applicants qualify for every product.
The initial inquiry does not impact your personal credit score. Some lenders may perform a hard credit pull during underwriting; Quordx only authorizes such checks with your specific consent for the lender presenting an offer. Applicants are protected under the Equal Credit Opportunity Act (ECOA) from discrimination based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant's income derives from any public-assistance program.
This Site is intended for commercial, business-purpose financing for U.S. businesses only. Not available for consumer loans, residential mortgages, or owner-occupied real estate. Quordx may receive compensation from lenders when applications result in funded transactions. This does not change the rate, fee, or terms offered to you. See our Advertiser Disclosure for details.
By submitting an application or contact information, you consent to be contacted by Quordx and its lending partners via phone, text, and email, including by automated means, regarding your funding inquiry. Consent is not a condition of receiving funding. Message and data rates may apply. Reply STOP to opt out. See our Privacy Policy and Terms of Service.