SoFi alternatives
SoFi now offers its own small-business installment loan. Here is what it publishes, what we publish, and how to tell which path fits your file. Facts are as of October 2026.
✓ Checking what you qualify for does not affect your credit score.
Updated October 13, 2026 · Merchant Fund Express
SoFi runs two different things for business owners, and they are easy to confuse. As of October 2026:
Check SoFi directly for current terms, because product details change.
Every line is on our funding requirements page, including the parts that rule a file out.
A request under $250,000 that a fixed installment over 6 to 24 months handles well.
An installment loan with no origination fee is usually cheaper than revenue-based financing for a file that qualifies.
A clean file with no advances open fits a conventional installment structure.
An existing relationship can make the process simpler.
Funding with us runs up to $5,000,000 for files whose deposits support it.
Our revenue-based tier allows up to two current advances, and balances of $100,000 or less can often be bought out.
We consider FICO from 500. Revenue and bank activity carry more of the decision.
Revenue-based options can follow sales more closely than a fixed installment.
If you have an offer from each, line them up on the same rows: amount received after any fees, total repaid, payment size and frequency, number of payments, what early payoff saves, and whether a personal guarantee or lien applies. A fixed-installment loan and a revenue-based advance can both be the right answer, for different files.
| Row | Offer A | Offer B |
|---|---|---|
| Amount received | ||
| Total repaid | ||
| Payment and frequency | ||
| Number of payments | ||
| Early payoff savings | ||
| Guarantee and lien |
Our guide to reading cost and term loan vs revenue-based financing walk through each row.
You fill in one application in about five minutes, with a soft credit pull to start. The file is reviewed on your statements, and you get a decision the same day on a complete file. You see the amount, the payment schedule and the full repayment before you sign. Start with the free qualification check or go straight to the application. Other comparisons: Bluevine alternatives, OnDeck alternatives and Lendio alternatives.
As of October 2026, SoFi Bank, N.A. originates its direct small-business installment loan. SoFi also runs a separate marketplace of other providers.
The direct loan runs $2,500 to $250,000 as of October 2026. Marketplace options are set by each provider.
Yes. Our tiers are published, including a revenue-based tier for 6+ months, 600+ and $60,000 in verifiable revenue, with FICO from 500 considered.
For a file that qualifies, an installment loan with no origination fee is usually cheaper than revenue-based financing. Compare total repaid on real offers.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
