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9 Best Banks for Small-Business Loans in 2024

Although qualifying can be difficult, banks remain the most common source of credit for small businesses — compared with options such as online lenders, community financial institutions and credit unions[0].

Business bank loans offer low interest rates, long repayment terms and can be used for a variety of purposes. The right bank for you should offer the small-business loan you need, as well as fund enough loans to make financing possible.

Here, we reviewed the best banks for small-business loans based on their commercial and industrial lending volume, product offerings and qualifications, among other features.

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