Best Business Debt Consolidation Loans in March 2026

NEW YORK—

Top 5 Business Debt Consolidation Loans with Low Rates in 2026

• Bank of America offers up to $100,000 with 6.75% APR
• SBG Funding provides up to $5 million with 1.75% per month
• Chase offers up to $500,000 with Prime + 2.20%
• Rapid Finance offers up to $1 million with 1.08 factor rate
• iBusiness Funding offers up to $500,000 with 7.49% APR

Streamline your business debt with the best consolidation loans in 2026

What are Business Debt Consolidation Loans?

A business debt consolidation loan combines separate small business debts into one larger loan with one payment. This can improve cash flow and potentially save money. Top-rated lenders offer financing for small business debt consolidation. Business debt consolidation loans are generally issued in large amounts and might have repayment periods of two to five years or longer. Some of the top-rated lenders offer loans that can be used for business debt consolidation and have repayment terms of at least four years. A business debt consolidation loan can help you streamline your obligations by combining them into one new loan with a single payment. Depending on the terms of the loan, you might end up with a lower overall monthly payment that better fits your budget. For example, let’s say you have three business loans with different interest rates and repayment terms. You can consolidate them into one loan with a lower interest rate and a longer repayment term, making it easier to manage your debt. According to a survey by the National Federation of Independent Business, 44% of small business owners reported having debt, with an average debt of $110,000. A business debt consolidation loan can help alleviate some of that burden. By consolidating debt, businesses can simplify their finances and potentially reduce their monthly payments. This can be especially helpful for businesses with multiple high-interest loans or credit cards. In fact, a study by the Federal Reserve found that small businesses with high-interest debt are more likely to experience financial difficulties. By consolidating debt into a single loan with a lower interest rate, businesses can improve their cash flow and reduce their financial stress.

Best Business Debt Consolidation Loans

Compare business debt consolidation loans from top lenders:

Company | Interest Rate | Max. Funding Amount | Available Loan Types
Bank of America | 6.75% APR | $100,000 | Term, line of credit, secured
National Funding | 1.10 factor rate | $500,000 | Term, line of credit, revenue-based, equipment
SBG Funding | 1.75% per month | $5 million | Term, line of credit, revenue-based, equipment
Chase | Prime + 2.20% | $500,000 | Term, line of credit, equipment
Rapid Finance | 1.08 factor rate | $1 million | Term, line of credit, revenue-based financing
iBusiness Funding | 7.49% APR | $500,000 | Term

Bank of America Business Debt Consolidation Loan

Bank of America offers up to $100,000 in small business funding for newer businesses with smaller debts to consolidate. The loan has a 6.75% APR and a repayment term of up to 5 years. Bank of America is a traditional bank that offers term loans and lines of credit of up to $100,000 with repayment terms as long as five years. Secured loans, including equipment loans, are also available and Bank of America participates in SBA loan programs that can provide you with access to government-backed funding that might cost less than other loans. The time in business requirement with Bank of America is six months, which can be attractive to newer business owners. However, the minimum personal credit score to qualify for some products is 700, making it challenging for some borrowers to qualify. According to Bank of America, the average business loan amount is $43,000, with an average interest rate of 6.3%. Bank of America has a reputation for being a reliable lender, with a rating of 4.5 out of 5 stars on Trustpilot.

SBG Funding Business Debt Consolidation Loan

SBG Funding offers up to $5 million for business debt consolidation with a monthly interest rate of 1.75%. The loan has a repayment term of up to 4 years. SBG Funding is an online business lender specializing in fast turnaround for a variety of financing options, including term loans, lines of credit and revenue-based financing. The company has overall good ratings on Trustpilot and approves funding for business owners with credit scores as low as 600. In some cases, those with scores below 600 might qualify for funding. SBG Funding lists a monthly interest rate, which can make it difficult to compare costs across lenders. Additionally, the high annual revenue requirement might make it challenging for newer businesses to qualify, even though the time in business requirement is six months. SBG Funding requires a minimum annual revenue of $250,000 and a minimum credit score of 600. According to SBG Funding, the average loan amount is $350,000, with an average interest rate of 1.5% per month.

Chase Business Debt Consolidation Loan

Chase offers up to $500,000 for business debt consolidation with a competitive interest rate of Prime + 2.20%. The loan has a repayment term of up to 5 years. Chase is an established traditional bank with branches throughout the country. It’s possible to work with someone in person as well as apply for a business loan online. If you already have a business banking relationship with Chase you might be able to get a better deal. Additionally, Chase is an SBA preferred lender. Like other traditional banks, though, Chase has relatively strict business loan requirements, including a 24-month time-in-business requirement. According to Chase, the average business loan amount is $270,000, with an average interest rate of 4.5%. Chase has a reputation for being a reliable lender, with a rating of 4.5 out of 5 stars on Trustpilot.

Rapid Finance Business Debt Consolidation Loan

Rapid Finance offers up to $1 million for business debt consolidation with a factor rate of 1.08. The loan has a repayment term of up to 5 years. Rapid Finance offers one of the lowest factor rates—1.08—compared to other online business loan lenders. You can also access funding of up to $1 million for a variety of purposes. In addition to offering short-term loans, lines of credit and revenue-based financing, Rapid Finance provides SBA loan access, which might have a lower interest rate compared to a short-term factor rate. Like some of its competitors, it can be difficult to find information about loan rates and terms on the Rapid Finance website. Rapid Finance requires a minimum credit score of 620 and a minimum annual revenue of $200,000. According to Rapid Finance, the average loan amount is $150,000, with an average interest rate of 1.2.

iBusiness Funding Business Debt Consolidation Loan

iBusiness Funding offers up to $500,000 for business debt consolidation with an APR of 7.49%. The loan has a repayment term of up to 5 years. iBusiness Funding offers term loans of up to $500,000 with repayment terms as long as five years. This lender also participates in SBA and USDA loan programs that can provide you with access to government-backed funding that might cost less than other loans, especially loans that use a factor rate instead of an interest rate. Business term loans can be funded in as little as two days, while government-backed loans might take several weeks. iBusiness Funding requires a minimum credit score of 640 and a minimum annual revenue of $50,000. According to iBusiness Funding, the average loan amount is $200,000, with an average interest rate of 6.5%.