Finding the right source of funding is one of the most important steps in launching a successful startup in the United States. Whether you’re a local entrepreneur or a non-resident founder, understanding which banks and institutions support early-stage businesses can give you a strong financial foundation.
In this guide, we’ll explore the best U.S. banks and funding institutions that offer startup business loans, credit lines, and other financial products tailored for small and growing companies. We’ll also review their unique benefits, eligibility requirements, and what makes them ideal for new business owners.
Why Choosing the Right Funding Source Matters
Not all funding options are created equal. The right lender can offer you:
- Favorable interest rates and repayment terms
- Supportive services like business banking, mentorship, or credit building
- Flexibility to meet your business growth needs
Selecting the wrong source, however, could result in high fees, aggressive terms, or even loss of control over your business.
Let’s explore the top players in the U.S. startup funding ecosystem.
1. Bank of America – Business Advantage Loans
Bank of America is a top choice for many small business owners thanks to its nationwide presence and variety of financial products. Its Business Advantage Term Loan is ideal for startups that have been operating for at least 6 months.
Key features:
- Loan amounts up to $250,000
- Terms from 12 to 60 months
- Competitive fixed interest rates
- Business credit card options and checking accounts
They also offer educational resources and free small business coaching.
Learn more: Bank of America Small Business
2. Wells Fargo – Small Business Loans and Lines of Credit
Wells Fargo has long been recognized as one of the most startup-friendly banks in the U.S., especially for those looking for flexible financing options. Their Unsecured Business Line of Credit allows you to access funds as needed without collateral.
Benefits include:
- Revolving credit up to $100,000
- No early repayment penalties
- Online and mobile banking tools
- Cash flow flexibility for seasonal businesses
They also provide special funding programs for minority-owned and women-owned startups.
Visit: Wells Fargo Small Business Banking
3. Chase for Business – Startup Banking with Credit Options
Chase offers a strong combination of business checking accounts and credit-based funding. While they are more conservative with startup loans, their Ink Business Credit Cards are powerful tools for new entrepreneurs building credit.
Features:
- High reward points on business purchases
- Introductory 0% APR offers
- Fraud protection and mobile tools
- Integration with Chase Business Complete Banking®
Chase is ideal for founders who want a strong business banking partner with future funding potential.
Explore more: Chase for Business
4. U.S. Small Business Administration (SBA) – SBA 7(a) Loan Program
The SBA doesn’t lend money directly, but it guarantees loans made by partner banks and institutions. The SBA 7(a) Loan Program is the most popular option for startups looking for long-term funding.
Highlights:
- Loan amounts up to $5 million
- Low interest rates (government-backed)
- Longer repayment terms
- Available through banks, credit unions, and community lenders
To qualify, you typically need to be a registered U.S. business with an EIN, business plan, and some operating history.
Details: SBA Loans Overview
5. Kiva – Crowdfunded Microloans
Kiva is a nonprofit platform offering 0% interest microloans to small businesses in the U.S. and around the world. It’s a unique option for very early-stage businesses that may not qualify for traditional funding.
Why Kiva stands out:
- Borrow up to $15,000
- No interest or fees
- Community-based funding model
- Great for minority, immigrant, and women entrepreneurs
Kiva loans are ideal for businesses with strong local or social missions.
Apply here: Kiva U.S. Loans
6. Accion Opportunity Fund
Accion offers flexible loans, business coaching, and mentorship to underserved entrepreneurs. They focus heavily on women-, minority-, and immigrant-owned startups.
Program benefits:
- Loans from $5,000 to $250,000
- Low-to-moderate credit score acceptance
- One-on-one support and educational tools
- Available in most U.S. states
Their community-focused approach makes them a strong choice for mission-driven startups.
More info: Accion Opportunity Fund
7. Bluevine – Online Business Line of Credit
Bluevine is an online lender offering fast access to a revolving line of credit for small businesses. Unlike traditional banks, they approve applications quickly—perfect for startups needing quick cash flow solutions.
What you get:
- Lines up to $250,000
- Funding in as little as 24 hours
- Online dashboard and accounting integrations
- No prepayment penalties
If your startup has at least 6 months of revenue history, Bluevine may be a solid option.
Learn more: Bluevine Business Loans
8. Lendio – Loan Marketplace for Startups
Lendio is not a bank but a loan comparison platform that connects you with over 75 lenders in one application. This makes it easy to compare offers and terms tailored to startups.
Benefits include:
- One simple application
- Compare multiple loan types
- Support for newer businesses
- Personalized loan matches
It’s an excellent place to start your search if you’re unsure which lender fits your needs.
Try it here: Lendio Small Business Loans
Tips for Getting Approved as a New Business
- Register your business and obtain an EIN from the IRS
- Open a dedicated business bank account
- Create a solid business plan with realistic projections
- Build or improve your personal and business credit
- Keep detailed financial records
Also, check whether your state offers local grant or loan programs for small businesses.
Final Thoughts
Securing startup funding from a U.S. bank or institution can give your business the boost it needs to launch and grow. Whether you choose a traditional bank like Bank of America or a community-driven funder like Kiva or Accion, the key is to understand what each option offers—and what it requires from you.
Make sure your startup is legally prepared, financially organized, and supported with the right partners before applying. With the right funding source, your dream business in the U.S. can quickly become a reality.