Get a Personal Loan for Your Small Business

 Loans for New Businesses

Looking for small business loans? Prosper can help you get personal loans to use for your small business.

Prosper loans are not traditional small business loans. Our personal loans are based on your credit score, and issued to you as an individual (not a business). For some small business owners needing loans, a personal loan won't answer their needs—but for other entrepreneurs, it's perfect. In some cases, such as when a business doesn't yet have a proven track record, our small business loans can provide lower rates or even just the ability to get a loan.

Whether it's a personal loan for a new business, a small business, or a larger, more established one, turn to Prosper for unsecured personal loans at the rates you've been searching for.

Get a Personal Loan for Business Use


Peer-to-peer lending gives investors an opportunity to fund small business loans

Our lending model is based on people helping other people. Chances are, there are lenders in our marketplace community who would like to empower your new business or start-up by providing you a loan. Many of them understand what a struggle it can be to find the right loan, and they’re willing to help you financially.


Get Personal Loans for your New Business

Do you have a great idea for a first time new business, but lack sufficient backing for a loan? We understand getting new business loans can be challenging, but we may be able to help you and your new business with the loans you need.

Turn to Prosper for unsecured loans at great rates. You won't need to put up any collateral or refinance your home to get the funds you need. Personal loans for small business use are issued to you as an individual, and are dependent on your good credit. Because of this, Prosper can be perfect for a new small business.


Need a Personal Loan for your Small Business?

Being your own boss in a small business often isn't easy — but the rewards can be immeasurable. If you need loans for your small business, you've come to the right place.

One of the most difficult roadblocks to overcome can be finding the right small business loan at the great rate you need. And yet, small businesses provide the essential financial backbone in our local communities. At Prosper, we understand this.

Personal loans can be a sensible alternative to small business loans in situations where the small business doesn't yet have a solid history of profit, or can't currently provide the documentation and analysis a bank requires to consider a small business loan. The personal loan is issued to an individual—the business owner—based on their credit. It is ultimately their responsibility to pay back the loan.


Prosper is the right choice for Personal Loans for your Small Business

Prosper makes the entire process of getting loans for your new business or existing business easy. If you are new to Prosper, simply join as a borrower and request a loan by creating a listing. You choose the amount.

In your listing, we display a summary of your credit history, and you can write a personal note to our lenders telling them about yourself, your small business, and how you plan to use the loan. By personalizing your loan, you give lenders the opportunity to make more informed choices. At the same time, we keep your important information absolutely private.

Why not apply now? It's easy to get loans, and posting a loan listing is absolutely free.


Can I obtain a loan with bad credit?

If you're certain you have bad credit, Prosper may not be right for you at this time. Consider taking a few months to improve your credit rating, and then apply.

Do you need perfect credit to obtain a loan through Prosper? Not at all. Few of us have perfect credit, and our lender community understands this. If you have average or above average credit, Prosper can be a terrific place to get low interest rate loans for you and your new business.

Don't believe us? See for yourself: Get rate now.

There may be Prosper lenders out there who are specifically targeting start-ups that need new business loans. We want to help you reach your dreams.

Get a Personal Loan for Business Use


Does my credit score affect my loan?

Yes. Most lenders will look at your credit history, and Prosper lenders are no exception. If you are sure you have bad credit, you may want to consider improving it before you apply. If you are not sure of your credit score, we can help you find out now, for free, with no obligation.

The Prosper community does not require "perfect credit." If you have an average to an above average credit rating, one way to expedite your loan funding is to ask another Prosper member (especially a lender) to endorse you. Don’t know any other Prosper members personally? Invite a friend to join.

CHECK YOUR RATE

APR starting at

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for best borrowers**
Rates from 6.73% to 35.36% APR


Loan Types

* Based on one year personal loans made to first time borrowers with an AA Prosper Rating. To qualify for an AA Prosper Rating, applicants must have excellent credit and meet other conditions. APRs by Prosper Rating range from 6.73% (AA) to 35.36% (HR) for first time borrowers. Repeat borrowers may qualify for discounted rates. Rate offered is based on Prosper Rating and other factors, and your actual rate may differ. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans made by WebBank, a Utah-chartered Industrial Bank.