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Best Small Business Loans in Fort Myers, FL

Sept. 26, 2019, 10:15 p.m.

Running a business comes with many challenges that require funding to overcome, and a business loan lets you access the capital needed for success. A good lender also provides you with advice on starting or growing your company. Our partners at ConsumerAffairs researched the best business loans in Fort Myers to guide your search for a partner in starting or growing your business.

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#1
RECOMMENDED
Seek Business Capital

Startup Consulting • Business Services

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#1 MOST POPULAR
Seek Business Capital
Seek Business Capital
Features
  • Available in Fort Myers
  • More than 92% funding approval rate
  • Same-day funding
  • Online application available
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#2
Imperial Advance
Imperial Advance
Features
  • Financial consulting from loan specialists
  • Flexible loan programs
  • Funds are available in 24 hours
  • Available in Fort Myers
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VISIT WEBSITE
CALL IMPERIAL ADVANCE
(888) 633-2083
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#3
National Business Capital
National Business Capital
Features
  • More than $1 bilion in funding secured
  • Multiple financing options
  • Available in Fort Myers
  • More than 10 years of industry experience
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#4
Iberia Bank
Iberia Bank
Features
  • Ideal for small businesses
  • Short-term and long-term options
  • Many online resources for business owners
  • Flexible lending options
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Location
2247 First St.
Fort Myers, FL 33901
(239) 332-3527
#5
BB&T
BB&T
Features
  • Secured or unsecured loans
  • Lines of credit available
  • Credit cards with grace periods
  • Take on a partnership approach
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Location
8930 Colonial Center Dr.
Fort Myers, FL 33905
(239) 936-1662
Capital Bank
Capital Bank
Features
  • M-F: 9am - 4pm
  • Closed Sat and Sun
  • capitalbank-us.com/small-business
Location
3405 Hancock Bridge Pkwy..
North Fort Myers, FL 33903
(239) 673-3379
SunTrust
SunTrust
Features
  • M-F: 9am - 4pm
  • Closed Sat and Sun
  • suntrust.com/small-business-banking
Location
2000 Main St.
Fort Myers, FL 33901
(239) 362-9242
Regions Bank
Regions Bank
Features
  • M-Th: 9am - 4pm
  • F: 9am - 6pm
  • Closed Sat and Sun
  • regions.com
Location
5212 Summerlin Commons Blvd.
Fort Myers, FL 33907
(800) 734-4667

How to get a business loan in Fort Myers

Fort Myers skyline

With so many prime areas for development in areas like North Fort Myers, there is a high demand for business loans. There are many loan options for start-ups and existing business owners, and deciding which is best for your company can be difficult. Some of the most popular business loans in Fort Myers are:

  • 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 and can be either short-term or long-term loans.
  • 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.
  • Business lines of credit are similar to credit cards. They allow businesses to access funding up to a specified amount and only pay 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.

It’s possible to qualify for a business loan in Fort Myers with bad credit history. Alternative lenders often place more importance on a company’s business plan and revenue than credit scores. Depending on the type of loan, you may need to provide collateral or a down payment. Short-term loans are less likely to require collateral, however.

Choose carefully when comparing business loans in Fort Myers. You should compare features like the repayment terms and fees. Different lenders may charge fees that add to the cost of your loan, including:

  • Origination fees
  • Processing fees
  • Prepayment fees
  • Documentation fees

Make sure you understand all the provisions of the loan so there are no surprises later.

Seek Business Capital

Seek Business Capital

Seek Business Capital offers no-restriction funding to small businesses and provides funding estimates within two hours. The company also offers business plan creation services and viability assessments to help start or grow businesses. Customers in Fort Myers appreciate the quick and straightforward application process.

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Imperial Advance

Imperial Advance

CALL IMPERIAL ADVANCE

(888) 633-2083 VISIT IMPERIAL ADVANCE

Imperial Advance provides no-obligation loan offers from an extensive network of lenders. The company has specialists to help you choose the best loan for your company, and it makes funds available in as few as 24 hours after approval. Business owners in Fort Myers appreciate the great customer service.

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National Business Capital

National Business Capital

This company has a lending network of more than 75 lenders and provides financial advisors to help you choose a loan and plan your business’s start or expansion. National Business Capital prides itself on a quick and transparent process. Reviews from Fort Myers say the company provides quick funding once an application is approved.

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Iberia Bank

Iberia Bank

Iberia Bank has a local branch that offers business loans to small business owners in Fort Myers. The bank offers flexible lending options that allow for short-term or long-term borrowing. Iberia Bank also provides many online resources for small business owners. Fort Myers customers comment on the warmth of the staff.

BB&T

BB&T

BB&T is a lending institution that takes on a partnership role for Fort Myers business owners. The bank prides itself on providing sound financial advice to its clients. BB&T also provides options like credit cards, lines of credit and term loans. Customers in Fort Myers review the company highly and comment on its great customer service.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.