How do I get a $30,000 business loan?

$30,000 is firmly in non-bank term-loan territory and sits just above the average SBA Microloan. Most non-bank lenders require 600+ personal FICO, 6+ months in business, and $15,000+ in average monthly deposits; SBA Microloans can cover this amount but prefer 12+ months of operating history.

What $30,000 Funds

At $30,000, you're funding real operational capacity: a full commercial kitchen upgrade, a truck + wrap for a service business, 3–4 months of payroll for a 3-person crew, a serious trade show or marketing push, or inventory for a regional wholesale launch. It is the lower bound for credible equipment financing on commercial-grade assets.

What Lenders Look For at $30,000

600+ personal FICO for non-bank term loans and lines of credit
550+ for MCAs (higher deposit volume compensates for weaker credit)
6+ months in business; 12+ months preferred for competitive pricing
$15,000+ in average monthly business deposits
15+ deposit days/month for MCA qualification
No current delinquencies; payment-plan tax liens usually acceptable

Which Products Fit $30,000

Non-bank short-term loan (6–18 month terms, 600+ FICO, 1–3 business days to fund)
Business line of credit ($25K–$100K limit, revolving, interest on drawn balance only)
SBA Microloan via CDFI (up to $50K, 7%–13% APR, 4–8 weeks to close)
Equipment financing (asset-backed, 550+ FICO, rates 8%–25% depending on asset)
MCA (500+ FICO, fastest funding, highest effective cost)

Worked example — $30,000 at different approval profiles

Strong file (680 FICO, $40K/month deposits, 24 months in business): $30,000 non-bank term loan at 1.19 factor over 15 months = $35,700 total ≈ $113/business-day. Moderate file (600 FICO, $18K/month deposits, 9 months in business): $30,000 at 1.32 factor over 12 months = $39,600 total ≈ $157/business-day. Weak file (540 FICO, $12K/month deposits): MCA at 1.48 factor over 6 months = $44,400 total ≈ $354/business-day. File strength drives a 3:1 spread in daily debit.

Sources

SBA Microloan intermediaries may lend up to $50,000; the program is administered through nonprofit CDFIs, with interest rates typically ranging from 7% to 13% depending on the intermediary and borrower profile. — SBA — Microloan Program
Federal Reserve SBC Survey 2024 reports that businesses with 12+ months of operating history had approval rates 18 percentage points higher than businesses under 12 months, across all lender types. — Federal Reserve SBC Survey 2024
SBA equipment financing under the 7(a) program allows up to 10-year terms on equipment with documented useful life; real property attachments may extend to 25 years. — SBA — 7(a) Loan Use of Proceeds
CFPB research confirms that deposit consistency (number of deposit days per month) is a primary underwriting signal for revenue-based lenders at the $10K–$100K range. — CFPB — Small Business Lending

Key takeaways

$30,000 is the practical minimum for serious equipment purchases, a full marketing campaign, or 3–4 months of payroll for a small crew.
600+ FICO and $15K+/month deposits is the non-bank approval floor; SBA Microloans (up to $50K) are available but take weeks.
File strength drives a 3:1 spread in daily debit cost — improving FICO and deposit history before applying saves real money.
A line of credit beats a term loan for cyclical needs — pay interest only on what you draw.
Apply at Find my match — routes to the right product without multiple lender applications.