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Small Business Loans for Real Estate Agents: Best 6 Options

As a real estate agent, you will face all sorts of challenges over the course of your career. None is more pressing than the need to secure business financing.

Small Business Loans for Real Estate Agents
Tetiana Sitiugina-Babiuk
Financial Sector Specialist and Content Strategist

Reviewed by: Jen Hubley Luckwaldt, Content Writer and Editor

Fact Checked by: Thomas Brock, Chartered Financial Analyst (CFA) and a Certified Public Accountant (CPA)

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Many or all of the products featured here are from our partners who compensate us. This may affect which companies we write about and where the company appears on a page. However, any analyses, or reviews expressed in this article are those of the author’s alone, and have not been approved or endorsed by any partner.

To succeed in real estate, you have to have the soul of an adventurer. There’s no telling where the market will go next. Volatile economies, seasonal variations, and seesawing mortgage rates mean perpetual challenges, even for the most skilled real estate agent. Closing an offer doesn’t always mean closing the deal, and closing the deal never means instant money. Meanwhile, the business expenses never stop and your mortgage payments are due every month. 

Loans for real estate agents can help you maintain your business during tough times. Whether you need help covering operating expenses, expanding your business, or even buying a new office, the right small business loan can help. Here’s what you need to know. 

Our Top Picks for Best Real Estate Agent Loan

biz2credit review
  • Multiple loan types available
  • Funding in 48h
  • Soft credit pull
credit score
Min. Credit Score 600+
loan amount
Loan Amount $25K - $6M
loan repayment
Loan Repayment 12-36 months
fora financial logo reviewed on Finimpact.com
  • Ideal for plenty of industries
  • Approval not solely credit based
  • Early payoff discounts
Credit Score
Min. Credit Score 550+
Loan Amount
Loan Amount $5K-$750K
Loan Repayment
Loan Repayment 4-15 months
nationalfunding
  • Best Overall for Equipment Loans and Leasing
  • Fast funding
  • Early payment discounts
  • Best for bad credit loans
Min. Credit Score
Min. Credit Score 600+
Loan Amount
Loan Amount $250K-$500K
Loan Repayment
Loan Repayment 2-5 years

How to Choose the Best Real Estate Agent Loan

While a small business loan for real estate agents may be used for a number of purposes, choosing the right financial product ultimately boils down to a few factors.

  • Loan features. Take a close look at the specific loan terms, repayment optionality, and loan amounts, and how this applies to your business. For example, if you know you have a significant commission coming in in a few months, make sure the loan amount is sufficient to cover your business expenses until then.
  • Application process. Consider the invasiveness of application information requirements, whether it requires a hard or soft credit check, the loan funding time, and any other distinctively competitive offerings. If you need funding sooner, online lenders typically offer a much faster and easier application process than conventional ones.
  • Interest rates and fees. Find out about the different types of fees associated with taking a small business loan for real estate agents, as well as the minimum and maximum interest rates you may qualify for.
  • Qualification process. What do you need to qualify for the loan? Think about the minimum credit score, annual revenue, and business history requirements.
  • Customer support. Consider accessibility to a live customer support representative, the degree of multi-channel support, and the availability of supplemental information and tools.
  • Online user reviews. To get the most accurate idea about the lender and its financial products, check customer reviews on independent review sites such as Trustpilot.
  • Perks and bonuses. Consider specified service offerings like payment flexibility, advertising transparency, and advanced technology. As a real estate agent, you are likely to receive significant commission amounts at once. Therefore, it is a good idea to look for loans that allow lump sum prepayments.

Best Small Business Loans for Real Estate Agents - Full Overview

 

1. Biz2Credit - Best for Commercial Real Estate

Biz2Credit

Thinking of expanding your real estate business or opening a new office location? Biz2Credit might have just the right financial product for you.

The lender offers a variety of small business loans, including working capital, term loans, and commercial real estate loans. Their CRE loan can be used to purchase commercial properties, making it a great option if you are expanding your real estate business or shopping for new premises.

Pros
Fast and easy application process
Funding as fast as 48 hours after approval
High borrowing limits (up to $6 million)
Cons
Requires 660+ credit score
High annual revenue requirements
Not all fees are disclosed up front

Biz2Credit’s commercial real estate loans allow you to borrow up to $6 million for the purpose of funding commercial real estate acquisitions. Here, the term length can vary between 12 and 36 months, with monthly and interest-only repayment options. The interest rates are reasonable, with APRs starting at 10.00%.

However, the qualification requirements for Biz2Credit loans are somewhat strict, as compared to other online lenders: you need to have a minimum credit score of 660, with a minimum annual revenue of $250,000.

Features

Loan Value

$250,000 - $6 million

Term Length

12 - 36 months

Repayment Period

Monthly

Origination Fee

1.00% - 6.00%

APR Range

Starting from 10.00%

Minimum Credit Score

660

Minimum Annual Revenue

$250,000

Minimum Time in Business

18 months

The Bottom Line

Biz2Credit is a great choice for agents with an established real estate business, looking to expand further by acquiring commercial properties. While the qualification criteria might be somewhat stringent, the quick online application process and incredibly fast funding make commercial real estate loans from Biz2Credit a great option to consider.

Try Biz2Credit

2. Fora Financial - Best for Short-Term Business Loans

 Fora Financial

Fora Financial is known for its short-term small business loans for realtors, which can be used to cover things like unexpected cash flow shortages and short-term payroll needs until your commission comes in.

Pros
Lenient eligibility criteria
Easy application process
Quick approval decision
Fast disbursement of funds
Responsive customer support
Cons
Factor rates may mean higher interest payments
Origination fees and late payment fees

Fora Financial’s short-term business loan amounts range between $5,000 and $750,000, with repayment terms extending up to 15 months. The eligibility criteria are fairly lenient: your business needs to be in operation for at least six months, with annual revenue of $144,000 or more. In addition, you must have not have any open or unsettled bankruptcies.

Features

Loan Value

$5,000 - $750,000

Term Length

Up to 15 months

Repayment Period

Monthly

Origination Fee

Up to 2.50% plus borrowing fee of 10.00% - 30.00% of the loan total

Interest Rate

Factor 1.1 - 1.9

Minimum Credit Score

Not disclosed

Minimum Annual Revenue

$144,000

Minimum Time in Business

6 months

The Bottom Line

If you are looking for a short-term small business loan to cover the immediate needs of your real estate business, Fora Financial is a worthy option to consider. While the associated interest rates might be a little higher, its lenient eligibility criteria, simple application process, and fast turnaround times make it an attractive option for quick funding needs.

3. National Funding - Best for Bad Credit Business Loans

National Funding

If you have recently started your real estate business and are still in the process of building a good credit history, National Funding is just the right lender for you. Its bad credit business loans come with lower eligibility criteria – and, correspondingly,  higher-than-average interest rates.

Pros
Lenient qualification requirements
Fast turnaround times
Easy application process
Low credit scores are welcome
No collateral needed
Early payment discounts
Cons
Rates can be expensive
Some additional fees apply

The bad credit business loans can range between $5,000 and $500,000 in value and have a term length between 6 and 24 months.

However, National Funding has high approval rates and welcomes applicants with relatively low credit scores. To qualify, you would need to be in business for at least 6 months, make at least $250,000 in annual income, and have at least $1,500 in the bank.

Features

Loan Value

$5,000 - $500,000

Term Length

6 - 24 months

Repayment Period

Daily or weekly

Origination Fee

2.00% plus one-time fee 17.00% - 36.00% of the loan total

Interest Rate

Not disclosed

Minimum Credit Score

600

Minimum Annual Revenue

$250,000

Minimum Time in Business

6 months

The Bottom Line

National Funding is a great resource for real estate agents with below-average credit scores. While you do need to make at least $250,000 annually in order to qualify for their loan, the credit score requirements are fair, the application process requires little documentation, and the fund disbursement is quick.

4. Kabbage - Best for Business Lines of Credit

Kabbage

Kabbage’s business line of credit can help you acquire short-term funding to support daily operational expenses like payroll. Kabbage offers an automated application process, a straightforward loan application, and accessible customer service. However, you may wind up on the hook for higher interest payments.

Should you qualify to apply, you can enjoy straightforward fund disbursement, and reasonable credit score requirements.

Pros
Straightforward online application
Debit card provided to access funds
Friendly and accessible customer service
Funds can be sent directly to PayPal account
Cons
Complicated fee structure
No prepayment incentive

Kabbage offers one loan product: a short-term line of credit ranging from $2,000 to $250,000. Repayment periods are 6, 12, or 18 months. While traditional business loans charge an interest rate, Kabbage offers a slightly different fee structure. Borrowers pay a monthly fee based in part on term length. Total estimated monthly fees by term are as follows:

  • 6-month term: 2.00%-9.00%
  • 12-month term: 7.50%-18.00%
  • 18-month term: 15.75%-27.00%

Borrowers also pay late payment and maintenance fees. However, Kabbage doesn’t charge origination or prepayment fees.

 

Features

Loan Value$2,000 to $250,000
Term Length6, 12, or 18 months
Repayment PeriodMonthly
Origination FeeNone
Interest Rate

6-month term: 2.00%-9.00%

12-month term: 7.50%-18.00%

18-month term: 15.75%-27.00% 

Minimum Credit Score640
Minimum Monthly Revenue$3,000
Minimum Time in Business12 months

The Bottom Line

If you’re looking for top-notch customer service and fast processing times, Kabbage is a viable option for a business line of credit. Just keep in mind that their fee structure requires a little figuring to compare its products with competitors.

Try Kabbage

5. Fundbox - Best for Business Term Loans

Fundbox

If you require a quick lump sum, you can apply for a Fundbox business term loan for real estate agents. The funds can then be used for a one-time purchase - for example, to upgrade your real estate office.

Pros
Short application process
Rapid fund disbursement
Low minimum credit score requirement
No additional fees apart from interest rate
Payments allowed through automatic debiting
Cons
High interest rates
Relatively small loan limit

Fundbox offers convenient term loans up to $150,000, with repayment terms of either 24 or 52 weeks.

Even though the loan application process is fairly easy, the rates tend to be high compared to some other online lenders. However, if you prove to Fundbox that you are able to quickly repay the loan, you will be offered more funds at lower rates the next time you apply.


 

Features

Loan Value

Up to $150,000

Term Length

24 or 52 weeks

Repayment Period

Weekly

Origination Fee

None

Interest Rate

8.33% for 24 week terms

18.00% for 52 week terms

Minimum Credit Score

600

Minimum Annual Revenue

$100,000

Minimum Time in Business

6 months

The Bottom Line

Term loans from Fundbox come with a quick application process, fast approval times, and rapid fund disbursement. Even though the rates might seem high, don’t get discouraged. If you pay off your loan quickly, you will be offered a much better deal the next time around.

Try Fundbox

6. Bluevine - Best for Business Lines of Credit

BlueVine

Bluevine is another online lender offering convenient business lines of credit to real estate agents. Lines of credit from Bluevine are known for their fast turnaround; you can complete the online application in a few minutes and receive the funds as quickly as several hours.

When considering this type of loan, make sure to thoroughly review Bluevine’s conditions, as it doesn’t provide financing in certain states, such as South Dakota and North Dakota.

Pros
Streamlined application process
Fast fund disbursement
Competitive interest rates
Person-to-person customer support available
Convenient online dashboard
Cons
Not available in all states
Services only available for B2B companies
Rates can be high for lower credit scores

Bluevine offers lines of credit ranging between $5,000 and $250,000, with a repayment period of either 6 or 12 months. The interest payments can get expensive over the full term, so it might be a good idea to try to pay off the loan earlier.

Since a line of credit is an unsecured type of loan for real estate agents, it necessitates a higher credit score requirement of 625. In order to qualify, you also need to have annual revenues of at least $120,000 per year and at least 6 months of business history.


 

Features

Loan Value

$5,000 to $250,000

Term Length

6 or 12 months

Repayment Period

Weekly or monthly

Origination Fee

None

Interest Rate

as low as 4.80%

Minimum Credit Score

625

Minimum Annual Revenue

$120,000

Minimum Time in Business

6 months

The Bottom Line

Overall, if you are looking for a line of credit to help you finance business expenses or bridge the funding gap from one commission to the other, BlueVine is a great lender to consider.

Try BlueVine

Best Real Estate Agent Loans - Main Features

Company

Min. Credit Score

Min. Time in Business

Min. Revenue

Loan Amount

Interest Rate

Biz2Credit

660

18 months

$250,000

$250,000 - $6 million

Starting from 10.00% APR

Fora Financial

Not disclosed

6 months

$144,000

$5,000 - $750,000

Factor 1.1 - 1.9

National Funding

600

6 months

$250,000

$5,000 - $500,000

Not disclosed

Kabbage

640

12 months

$3,000 monthly

$2,000 - $250,000

6-month term: 2.00-9.00%

12-month term: 7.50%-18.00%

18-month term: 15.75%-27.00%

Fundbox

600

6 months

$100,000

Up to $150,000

8.33% for 24- week term

18.00% for 52-week term

Bluevine

625

6 months

$120,000

$5,000 - $250,000

as low as 4.80%

How Can a Business Loan Help Real Estate Agents?

As a real estate agent, you might require additional funding for a number of reasons. For example, if you are planning to open a second business location or launch a new marketing initiative, a term loan can help you cover the associated costs. On the other hand, you might want to simply have money available on-demand in case of any unexpected expenses. In this case, a business line of credit is the optimal option for you.

Whatever you need help with, funding options for real estate agents are readily available from a variety of online lenders.

How Much Does It Cost to Open a Real Estate Agency?

Plan to invest between $10,000 and $50,000 to open a real estate agency – more if you’re looking for franchising opportunities.

Why does it cost so much to get started? In part, it’s because it may take as long as 12 months to make your first sale. During that time, you’ll have to carry the overhead of office space, staff salary, and other operating expenses before you ever turn a profit.

The first piece of advice a seasoned agent will give you is to ensure you have a safety net. You should also keep your personal assets and work assets separate.

In addition to the money you will have already spent on your education, exams, and licenses, here are a few other categories that you need to consider:

  • Property listing (varies): Depending on what service you're using, they either charge a percentage or a flat fee.
  • Office budget (varies): When you start from zero, you might be working from your bedroom via online channels. However, buyers usually take you more seriously when you meet them face-to-face. You'll have to rent an office and set up a friendly operation, at some point. Here is where you'll need to pay for office space, stationery, utilities, and insurance.
  • Staff expenses ($4,000): We assume that you've hired two brokers who also need to earn commissions.
  • Marketing ($1,500): You can only go as far as your marketing efforts take you. Sure, you can work on word-of-mouth advertising, but you need an online presence, printed branding, and tools for lead generation. All that costs money.

As you can see, you will need quite a large sum as your startup capital. You will also need cash flow to cover the thousands of dollars of monthly expenditures.

Loans for Realtors Requirements

Although different lenders will ask you to show specific documents, we will outline a few standard requirements to guide you during preparation. You need to have a full review of your business financials, including tax returns, records, cash flow proof for the loan period, credit reports, and a business plan.

Most of the time, small real estate agencies get financed by their owner or partners' funds. This means that personal credit scores and history are also a top priority for lenders. The bank or the credit organization might reject the credit if the personal credit standing isn't good enough.

Can Real Estate Agents With Bad Credit Get a Loan?

Real estate agents need working capital financing, which is difficult to obtain from traditional lenders – unless  the loan has an SBA guarantee or the agent has exceptional credit. Fortunately, a variety of alternatives are available to real estate agents from non-bank lenders.

Alternative sources generally desire to lend to real estate agents that have been in business for at least a year, have $100,000 of annual revenue, and have credit scores greater than 600. However, newer agents or those with bad credit may qualify for shorter-term financing, which entails borrowing less at slightly higher interest.

Conclusion

Now that you have a better idea of the small business loans for real estate agents available on the market, you need to decide what type of funding works best for your needs. If you are planning a major project, consider applying for a term loan. If you need funding to finance smaller ongoing purchases instead, a business line of credit would be a better option for you.

Once you settle on the type of financial product you need, make sure to review the qualification requirements and the features offered by each lender. With careful research and consideration, you will can find the ideal financial product for you and your real estate business.

About the Author

Tetiana Sitiugina-Babiuk

Written by: Tetiana Sitiugina-Babiuk

Financial Sector Specialist and Content Strategist

Independent writer, content strategist, and financial sector specialist. Tatiana has an extensive experience in working with financial institutions such as Bank of Canada and Risk Management unit at FinDev Canada. She holds an MA in Financial Risk Management from the University of Toronto.

More about me
Jen Hubley Luckwaldt

Reviewed by: Jen Hubley Luckwaldt

Content Writer and Editor

Jen Hubley Luckwaldt is an editor, writer, and content strategist with a focus on personal finance, careers, and DEI. A small business owner for over a decade, Jen helps publications and brands create and optimize B2B and B2C content.

More about me
Thomas Brock

Fact checked by: Thomas Brock

Chartered Financial Analyst (CFA) and a Certified Public Accountant (CPA)

Thomas is a well-rounded financial professional, with over 20 years of experience in investments, corporate finance, and accounting. He currently oversees the investment operation for a $4 billion super-regional insurance carrier, maintaining a dynamic investment policy designed to preserve capital, enhance profitability, and support growth.

More about me

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