| Lender | User ratings | Best for… | Max. loan amount | Min. credit score | Starting interest rate | Time to funding | |
|---|---|---|---|---|---|---|---|
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Same-day funding | $250,000 | 625 | 31.30% Minimum APR offered to at least 5% of customers (not the lowest rate offered) | Same day to 3 business days | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Borrowers with bad credit | $600,000 | 500 | 1.11 factor rate | As soon as same day | Get business loan offers |
 | User ratings coming soon | Borrowers with good credit | $250,000 | 625 | 7.80% | Same day to 3 business days | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Startups | $250,000 | 600 | 4.66%
4.66% for 12-week terms 8.99% for 24-week terms | As soon as the next business day | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Repeat funding | $100,000 | Not disclosed | Not disclosed | As soon as the next business day | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Businesses with fluctuating income | $1,500,000 | 570 | 1.13 factor rate | 1 to 2 business days | Get business loan offers |
 | User ratings coming soon | In-person support | $250,000 | Not disclosed | Not disclosed | 1 to 5+ business days | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | New businesses making large purchases | $500,000 | 600 | 1.11 factor rate | As soon as the next business day | Get business loan offers |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Financing equipment | $5,000,000 | 600 | 7.99% | 4 to 24 hours | Get business loan offers |
 | User ratings coming soon | Financing unpaid invoices | $5,000,000 | No specific minimum | 0.75% factoring fee | 1 to 2 business days | Get business loan offers |
Learn more about how we chose our picks.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Same day to 3 business days
$5,000 to $250,000
31.30% Minimum APR offered to at least 5% of customers (not the lowest rate offered)
Up to 24 months
OnDeck is our top choice for same-day funding because while many lenders offer funding “as soon as the same day,” OnDeck is very transparent about which loans can actually be funded in less than 24 hours.
To qualify for same-day funding, your application must be submitted before 10:30AM EST on a normal business day (no weekends or holidays). Same-day loans aren’t available in California or Vermont, and while OnDeck’s loans go as high as $250,000, same-day loans cannot exceed $100,000. Loans funded by OnDeck’s partner, Celtic Bank, may not be available for same-day funding in some states — your lender will be disclosed after you apply, and you aren’t obligated to accept a loan after you’ve applied.
The application process only takes about ten minutes to complete, and you’ll find out if you’re eligible to get a loan today. If you don’t qualify for same-day funding, you can still get your funds in two to three business days. This means if you’re working with a strict timeline, OnDeck is one of your most reliable options. However, you’ll need to be prepared to make daily or weekly payments on your loan.
In order to qualify, you’ll need to meet OnDeck’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
As soon as same day
$25,000 to $600,000
1.11 factor rate
6 to 24 months
Credibly is our top choice for bad credit business loans, with the lender offering working capital for borrowers with scores as low as 500. This means if you’ve been turned down for a traditional loan, Credibly may be able to help. Loan amounts reach as high as $600,000 with payments due on a daily or weekly basis. Borrowers can expect to receive their funds as soon as the same day they apply — though it’s unclear when it might take longer, and what the high end of its funding timeline is.
However, your business will need to generate a decent amount of revenue to qualify. It’s also worth noting that Credibly charges a factor rate instead of an interest rate, which can make it more difficult to compare costs between lenders.
In order to qualify, you’ll need to meet Credibly’s criteria of:
Same day to 3 business days
$1,000 to $250,000
7.80%
Up to 12 months
With some of the lowest starting rates on this list, Bluevine is our top pick for borrowers with good or excellent credit. Interest rates start at 7.80%, but only the most eligible of applicants will qualify for the lowest rates.
With a Bluevine business line of credit, you can access up to $250,000 instantly with a connected Bluevine checking account. To transfer funds to a non-Bluevine account, you’ll need to pay an instant transfer fee of $15, otherwise funding could take up to three business days.
Your borrowed funds can be used for day-to-day or long-term business expenses, such as renovations, payroll services, marketing campaigns, equipment and more. However, Bluevine credit lines are not available in Nevada, North Dakota, South Dakota or U.S. territories.
In order to qualify, you’ll need to meet Bluevine’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
As soon as the next business day
Up to $250,000
4.66% for 12-week terms
8.99% for 24-week terms
12 or 24 weeks
With the shortest time-in-business requirement on this list, Fundbox is our top pick for startup business loans, offering financing for businesses that have only been in operation for three months. With Fundbox’s business line of credit, you can borrow up to $250,000 as needed to optimize your cash flow and cover business expenses. When you make a withdrawal, you will typically receive your funds within one business day.
However, daily or weekly payments are required, and with relatively short terms lasting a maximum of 24 weeks, businesses will need to carefully consider their budget to avoid borrowing more than they can realistically afford to repay.
In order to qualify, you’ll need to meet Fundbox’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
As soon as the next business day
$5,000 to $100,000
Not disclosed
12 to 24 months
If you’re looking for a line of credit you can borrow against anytime you need fast funds, consider Headway Capital. With this line of credit, you can access up to $100,000 on an as-needed basis to cover payroll, marketing, inventory, equipment and other expenses. Simply make a withdrawal and you will receive your funds as soon as the next business day.
You’ll only pay interest on the funds you use and, unlike with other lenders, there are no monthly or annual service fees adding to the total cost of borrowing. Headway also offers longer repayment terms than other lines of credit on our list, like Bluevine and Fundbox, which gives you flexibility for larger purchases you want to pay off over a longer period of time.
However, Headway Capital does not disclose its interest rates, so businesses will need to apply to compare this with other loan offers.
In order to qualify, you’ll need to meet Headway Capital’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Same day to 2 business days
$5,000 to $1,500,000
1.13 factor rate
Varies based on sales volume
If you run a seasonal business with revenue that fluctuates throughout the year, traditional loans with fixed payments may put a strain on your business budget. Fora Financial’s revenue advance could be a better option.
Similar to a merchant cash advance, this type of financing provides a cash advance in exchange for a percentage of your future sales, meaning your payments will fluctuate with your sales. Depending on the amount of revenue your business generates, you could receive up to $1,500,000 in as quickly as 24 hours after approval. However, you’ll need to be prepared to pay origination and wire fees to receive your funds.
To qualify for a revenue advance, you’ll need to meet Fora Financial’s criteria of:
1 to 5+ business days
$5,000 to $250,000
Not disclosed
Up to 84 months
If you’re looking for a traditional business loan with the option for in-person support, consider U.S. Bank — a recognizable name with more than 2,000 branches located across 26 states.
While other big banks can take weeks or even months to process loan applications, U.S. Bank offers quick business loans that take only minutes to process and a handful of days to fund, though the exact time it takes to receive your funds will depend on the documentation required.
Although unsecured financing is available, you’ll need to pledge collateral to secure the lowest rates and highest loan amounts.
If you’ve been a U.S. Bank customer for less than 12 months, your business will need to be located in one of the following states to qualify: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin or Wyoming. If you live in North Carolina, South Carolina or Texas, your eligibility will depend on your ZIP code.
Eligibility will also depend on your business history. U.S. Bank doesn’t disclose the minimum credit score, time in business and annual revenue you’ll need to qualify, however. Apply online or contact the lender directly to learn if your business qualifies for a loan.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
As soon as the next business day
$5,000 to $500,000
1.11 factor rate
4 to 24 months
If you’re a relatively new business that has been in operation for at least six months, National Funding may be a good lender to consider. National Funding’s business loans go up to $500,000, which is significantly higher than some of the other startup-friendly options on this list.
Once you’ve accepted a loan offer, you’ll typically receive your funds the next business day.
National Funding also offers early payoff discounts, which may help you save on the cost of your loan in the long run but your business will need to have strong, steady revenue ($250,000 or more in annual sales) to qualify.
In order to qualify, you’ll need to meet National Funding’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
within 4 to 24 hours
$500 to $5,000,000
7.99%
12 to 84 months
If you need to purchase new or used equipment for your business, Taycor Financial is one of your best options. Unlike other equipment lenders, which may require a down payment, Taycor offers 100% financing up to $5,000,000, with funds hitting your bank account within four to 24 hours after approval.
In addition to equipment financing, Taycor Financial also offers equipment leasing and refinancing options. The lender’s flexible eligibility requirements and repayment terms make this a great choice for startups and low-revenue businesses, but a personal guarantee may be required to secure the loan.
In order to qualify, you’ll need to meet Taycor Financial’s criteria of:
1 to 2 business days
$30,000 to $5,000,000
75% to 90%
0.75% to 3.50%
If your business has outstanding invoices, invoice factoring may be one of the fastest ways to access cash for your business without taking on extra debt. With this type of financing, you can sell unpaid invoices to a factoring company like altLINE and receive a cash advance — typically between 75% to 90% of the invoice’s value.
Once approved, you will receive your advance within 24 to 48 hours. The funds can be used to pay down debts, cover payroll, pay for startup expenses and more. However, you’ll need to pay origination and wire fees in exchange for altLINE’s help in collecting invoice payments.
Although altLINE runs a background and credit check for all applicants, you don’t need to meet minimum credit score or business history requirements. Instead, altLINE focuses on your invoice balances, due dates and your clients’ credit profiles during the approval process.
A fast business loan is a type of small business financing that typically delivers funds within one to three business days. Generally offered by online lenders, quick business loans use a streamlined application process to assess your eligibility quicker than traditional banks.
Fast small business loans tend to have flexible qualification requirements, making them accessible for startups, bad credit borrowers or those who don’t qualify for traditional financing.
Though many lenders advertise the ability to get a business loan “as soon as” the same or next business day, it’s important to remember that this paints the picture of a best case scenario. In reality, it may take longer to receive your funds.
In addition to the lender you choose, several factors can impact funding times, including:
| Pros | Cons |
|---|---|
Get the funds you need within one to three business days Ideal for low-credit borrowers and startups Various types of loan products to tackle most business needs | Lenders may charge high interest rates in exchange for fast funding May offer smaller loan amounts than traditional banks and SBA lenders Collateral or personal guarantee may be required |
Fast business loans are a great tool in time-sensitive situations, but you’ll pay for the speed in the form of higher fees and interest rates. And if a quick loan is nothing more than a band-aid solution on a larger issue, it may start a dangerous debt cycle that could hurt your business in the long run.
Here are some situations where a fast business loan might make sense:
Ultimately, whether a fast loan makes sense will depend on your unique set of circumstances. If you can afford to wait a few weeks to receive your funds, consider applying for a traditional bank or SBA loan for the best rates.
To make the best choice for the future of your business, compare quotes between lenders to see exactly how much more you’ll pay for the luxury of fast funding.
You can apply directly with lenders or use a marketplace like LendingTree to gather quotes quickly.
The following types of small business loans offer fast funding to help you start, grow or expand your business.
A business line of credit allows you to borrow up to a predetermined limit instead of a one-time lump sum. Like a credit card, you can borrow, repay and borrow again. You typically only pay interest on the withdrawn amount, although some lenders charge maintenance, withdrawal or annual fees.
Short-term business loans have shorter repayment terms of around three to 24 months. They are ideal for fulfilling short-term expenses, such as purchasing inventory or covering cash flow gaps. Depending on the lender and your qualifications, you can borrow anywhere from $2,000 to $1 million or more.
Equipment financing can help you get the funds you need to purchase or upgrade machinery or equipment necessary for running your business. Since equipment financing uses the equipment as collateral, this type of financing typically has more lenient eligibility criteria.
A merchant cash advance (MCA) company can give your small business a cash advance by collecting a percentage of your daily credit card and debit card sales. While fast and convenient, MCAs tend to be a costly way to borrow.
Invoice factoring allows you to unlock money tied up in unpaid invoices. You get an upfront payment of 70% to 90% of an invoice’s face value, while the factoring company collects payments from your customers. You will then receive the remaining balance minus a predetermined fee.
If you need fast cash for your business, here are the basic steps to get a business loan.
Creating a detailed business budget can determine how much you need to cover essential expenses. Fast loans for businesses typically have higher interest rates and less favorable terms. If you need to tackle long-term projects, it could be worth waiting until you qualify for an SBA loan or traditional bank loan.
Here’s a general idea of the business loan requirements your business may need to meet:
You can use LendingTree Spring to check and monitor your credit score before applying for a fast business loan. Boosting your credit score can help improve your chances of approval.
Some lenders advertise low interest rates, only to add extra fees during the final stages. Read business lender reviews to ensure a potential lender fits your current and future business needs.
Don’t work with any lender who tries to pressure you into borrowing more than necessary or those offering no-credit-check business loans. Always look for signs of predatory lending and report any suspicious behavior to the Better Business Bureau.
Gathering essential business info in advance can speed up the application process. While requirements will vary, here are some essential documents to have on hand:
The application and approval timeline for fast loans for business generally happens within a few business days. You may need to provide additional documents after hitting submit, but most online lenders make a final decision within minutes.
Review the business loan agreement before signing on the dotted line. If you don’t understand the wording or the repayment schedule, ask for clarification before proceeding.
When picking the best fast business loan for your company, here are some metrics to compare:
Interest rate: While lenders tend to advertise their lowest rates, that doesn’t mean that’s the rate you’ll qualify for. Your actual business loan interest rate will depend on the loan type, your credit score and other criteria. You can convert factor rates to annual percentage rates (APRs) to accurately compare offers.
Repayment term: The repayment period for a quick business loan varies by lender, with terms ranging from three to 84 months. Some lenders require daily or weekly payments.
Time to fund: Check the lender’s timeline for how quickly funds could be deposited into your business bank account. Keep in mind that the fastest business loans aren’t necessarily the most affordable.
Additional fees: Review the loan contract for origination fees, late charges, maintenance fees and business loan prepayment penalties.
Collateral: Secured business loans require collateral, such as equipment or a down payment. If you fail to repay the debt, the lender could seize your assets. You may also need to sign a personal guarantee, which could put your personal finances at risk.
You might struggle to qualify for an unsecured versus secured business loan if your business has not established a solid financial history. Since providing collateral helps reduce lender risk, small business owners can potentially access more attractive rates and terms with secured financing.
Quick loans for business can help in emergencies or when you can’t qualify for traditional financing. But if you can wait, here are some alternative financing options to consider.
Banks and credit unions typically offer a range of small business products, including long-term business loans, lines of credit, commercial loans and more. While rates are generally lower than online speedy loans, eligibility requirements can be stricter with longer funding times.
Backed by the U.S. Small Business Administration (SBA), SBA loans can provide low-cost funding solutions for small business owners unable to qualify for traditional financing. Popular options include the SBA 7(a) loan and an SBA microloan.
While the application and approval process for SBA loans can take up to two months or longer, you can reduce the funding time to around two weeks by working with an SBA Preferred Lender.
Business credit cards can finance everyday expenses like low-cost supplies or business meals, with the potential to earn sign-up bonuses and travel rewards. While it’s generally easier to get a credit card than a small business loan, you’ll likely encounter higher interest rates with the former. Paying the balance in full each month will enable you to avoid paying interest on your purchases.
If you pay interest on your business loans and business credit cards, you can claim these expenses as qualified business tax deductions. Check with your financial advisor on how to deduct these expenses, along with other business expenses, on your next tax return.
The federal, state and local governments and private corporations offer a range of small business grants. You can search for grants by demographics, such as location, gender, industry and more. While business grants can be competitive, it can be worth the effort to access free money for your business.
We considered more than 30 traditional and online lenders to determine the overall best fast business loans. To make our list, lenders had to meet the following criteria:
