Based on the information you provided, we think a personal loan may be a good fit for you. It's difficult to get a business loan for a new business, or to purchase a business without a significant down payment. One way to get past this hurdle is to use a personal loan instead.
Here are the advantages of personal loans:
If this sounds good to you, you can apply online with LendingClub.com, our recommended provider of personal loans.
Need more ideas on how to finance a startup or business acquisition? You can also explore options with our popular article, The 9 Best Options for Startup Financing.
Our mission is to provide small business owners with the information you need to succeed. Learn how to start, market, run, and grow your business today!
Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.