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Find the Best Small Business Loans in West Palm Beach, FL

Finding the right loan for your small business is a serious task. From rates and terms to consulting services, many factors can make the difference for your business’s profitability, longevity and success. We researched the best business loans in West Palm Beach to help you make the right decision.

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#1 OUR FAVORITE
Seek Business Capital
Overall satisfaction rating
  • Funds start-ups & small business
  • Offers mortgage lending services
  • Available in West Palm Beach
  • Same day funding available

Startup Consulting • Business Services

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#2
Imperial Advance
Overall satisfaction rating
  • Wide variety of financing options
  • Unrestricted funding within 24 hours
  • Available in West Palm Beach
  • A+ BBB Rating

Imperial Advance is an online business loan marketplace that focuses on providing small businesses with access to the funds they need. After you apply for a quote, a financial consultant will contact you with loan offers from numerous lenders.

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#3
Accredited Partner
National Business Capital
Overall satisfaction rating
  • A+ BBB rating
  • Approval in 24 hours or less
  • Wide variety of financing options
  • Available in West Palm Beach

Founded in 2007, National Business Capital & Services is a Bohemia, New York-based business financier. It is known for providing loans to small businesses across the US, Peurto Rico and Canda in a quick and efficient manner. The company also offers business equipment financing and business lines of credit, in addition to small business loans.

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#4
BFS Capital
  • Loans up to $500,000
  • Over $1.75 Billion in loans to 400 industries
  • A+ BBB rating
  • Technology-enabled financing platform
Location
300, 3301 North University Dr.
Coral Springs, FL 33065
(877) 411-6691
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#5
First Bank of the Palm Beaches
  • No-fee accounts
  • Online bill pay
  • FDIC regulated
  • Serving the community for 30 years
Location
415 5th St.
West Palm Beach, FL 33401
(561) 847-2700
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First Pro Capital
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • firstprocapital.com
Location
645 E. Missouri Ave., Ste. 108
West Palm Beach, FL 33401
(561) 802-4445
NNR Capital Loans
  • M-F: 9am - 6pm
  • Closed Sat and Sun
  • nnrcapitalgroup.com/index.php
Location
2101 Vista Pkwy.
West Palm Beach, FL 33411
(844) 744-2444
BB&T
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • bbt.com/small-business
Location
2000 Palm Beach Lakes Blvd.
West Palm Beach, FL 33409
1 (800) 226-5228
First Republic Bank
  • M-F: 9am - 5pm
  • firstrepublic.com/locations/florida/palm-beach
Location
241 Royal Palm Way
Palm Beach, FL 33480
(561) 835-8829
IberiaBank
  • M-F: 9am - 4pm
  • Closed Sat and Sun
  • iberiabank.com/business/business-loans
Location
605 N. Olive Ave.
West Palm Beach, FL 33401
(561) 653-5050

How to get a business loan in West Palm Beach

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It takes money to make money—and no one knows that better than small business owners in West Palm Beach.

Maybe your business is a runaway success and needs some quick cash to meet soaring demand. Maybe you’re positioning for a new season or strategy and need funding to regear or retool. Whatever the reason, liquidity is always a top concern for small business owners.

There are many different types of loans available for businesses in West Palm Beach, and understanding which is best for your company can be confusing. Different loans may work better depending on your company’s credit rating or how the funding will be used. Some widely used loans include:

  • Term loans are the most common types of business loans. These loans provide upfront cash that is paid back over a predetermined period of time. They can be short-term or long-term loans.
  • Business lines of credit are similar to credit cards. They allow businesses to access funding up to a specified amount, and the company only pays interest on the amount used.
  • Invoice financing is ideal for companies that need a quick infusion of cash. The company’s outstanding invoices serve as collateral for the loan.
  • Merchant cash advances give a company cash upfront that is repaid by withholding a certain percentage of the company’s daily credit and debit card sales.
  • Equipment loans are used to purchase needed equipment. These loans may require a down payment, and the purchased equipment serves as collateral for the loan.
  • Small Business Administration (SBA) loans are offered from third-party lenders and partially secured by the U.S. Small Business Administration. These are generally long-term loans with a rigorous application process.

There are a number of complicated questions when it comes to securing business funding. Many banks and lenders in West Palm Beach will have financial consultants on staff who can not only help pinpoint the loan best-suited for your business, but also help with other tasks, such as setting up a business plan or viability assessment.

Lenders in West Palm Beach have different requirements, but it’s likely you’ll need to provide some documents for your loan application. Some documents lenders might require are:

  • Business plan
  • Personal and business credit report
  • Tax returns
  • Financial statements
  • Bank statements

When comparing loans, be sure to look at fees that may increase your payments. By choosing the right lender for your business in West Palm Beach, you can find a partner who will help your business grow and thrive.

Business Loans Reviews

Seek Business Capital

Seek Business Capital is headquartered in Los Angeles but serves the West Palm Beach area. The company offers viability assessments, business services and funding procurement. The lender is popular with local reviewers, and many people praise the company for its knowledgeable and responsive customer service team.

Seek Business Capital

Imperial Advance

Imperial Advance is a major nationwide lending broker that has provided more than $150 million in funding for over 50,000 businesses. The company provides no-obligation offers from its network of lenders and can provide funding in as few as 24 hours. Customers in West Palm Beach appreciate Imperial Advance’s quick application process and personalized support.

Imperial Advance

National Business Capital

National Business Capital prides itself on delivering funding quickly and easily. The company has a simple application process that allows you to connect with its global marketplace of more than 75 lenders. Customers in West Palm Beach give National Business Capital high marks for its excellent customer service and transparency.

National Business Capital

BFS Capital

BFS Capital is a local lender for small businesses. The company typically issues funding within two to seven days through short-term loans and merchant cash advances. Many West Palm Beach customers are pleased with the company’s application process, but some reviewers criticize its additional fees and less-than-competitive rates.

BFS Capital

First Bank of the Palm Beaches

First Bank of the Palm Beaches has more than 12 years of experience lending to small businesses. The bank offers a full suite of business loans, mortgage loans and banking solutions and prides itself on being a full-service solution for any funding needs. The company is a favorite among West Palm Beach customers for its attention to detail.

First Bank of the Palm Beaches