Can I get a business loan as a sole proprietor?

Last updated May 2026 · Reviewed by David Chen
Quick Answer

Yes, sole proprietors can get business loans. Most alternative lenders accept sole proprietors. Requirements are similar to LLC/corporation borrowers: 6+ months in business, $10,000+ monthly revenue, 500+ FICO. Sole proprietors carry full personal liability — your personal credit and assets are tied to the business.

Key Details

  • Sole proprietors qualify with most alternative lenders
  • Same minimum requirements
  • Personal credit weighted heavily
  • Full personal liability for business debt
  • LLC offers liability protection
  • Recommended: form LLC before borrowing
Answer by David Chen — Senior Business Funding Editor
12+ years in alternative lending. $200M+ underwritten.

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