Honest comparison of features, costs, and best use cases. Updated 2026.
| Factor | Business Loan | Personal Loan for Business |
|---|---|---|
| Underwriting | Business + personal credit | Personal credit only |
| Range | $5K-$5M | $1K-$100K typical |
| Personal Liability | Yes (with PG) | Always 100% personal |
| Builds Credit | Business credit (mostly) | Personal credit only |
| Tax Deduction | Business expense | Generally not deductible |
| Best For | Established businesses | Pre-revenue startups |
| Documentation | Bank statements + business docs | Personal income docs |
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