Business Loans for Contractors: Rates, Terms & Where to Find

Contractors needing to invest in materials and supplies for new jobs can get contractor loans. A good business loan for contractors is a line of credit, which you can use repeatedly and funds in just one to three days. Other loans for contractors include longer term SBA working capital loans with rates between 5 – 10% and terms of 10+ years.

OnDeck, which sponsored this article, offers a small business line of credit up to $100,000 that provides flexible funding in addition to a term loan if you need a larger lump sum capital advance up to $500,000. You can qualify for both if you have a 600 or higher credit score and its online application takes about 10 minutes and you can get funded for up to $100,000 in as quick as one day.

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Top 6 Business Loans for Contractors

Contractors have a lot of options when it comes to small business loans and finding the right financing can get confusing. Fortunately, we break down all your business loan options in this free webinar.

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How We Determined the Best Business Loans for Contractors

Regardless of the size of your construction business, you often must invest in your growth before onboarding new clients and servicing more job sites. This makes accessing capital important for contractors like yourself. Also, the speed of funding and the ability to access growth capital on a recurring basis is paramount to a contractor who wants to scale fast.

When looking at the best business loans for contractors we evaluated:

• Flexibility: Getting the right financing can be a major deciding factor in how much it costs you. So we selected financing options that offer borrowers the most flexibility for different needs like working capital and larger projects like renovations.
• Costs: The overall cost of borrowing is another consideration. Sometimes, it’s better for contractors to take on higher rates and shorter terms to control overall costs.
• Speed of funding: No matter how good the rates and terms are, if you need funding right away then working with a traditional lender can take too long. However, most online lenders, like OnDeck, offer quick funding speeds.
• Maximum loan amounts: Some financing needs like payroll or utilities may require smaller loan amounts to cover. Others like renovations require larger loan amounts.
• Repayment terms: Most of the financing options we evaluated require weekly or monthly payments. It’s important to match up the frequency of payments with the earnings from your business to avoid any cash flow shortfalls.
• Qualification requirements: Business loans for contractors have a wide range of qualifications ranging from those available to good credit borrowers (600 or higher personal credit score) to those that require

Traditional contractor loans, such as bank loans, are often difficult for contractors to get approved for because traditional lenders view the construction industry as risky and unpredictable. Larger construction businesses (at least $1 million in annual revenue) will find it easier to get approved for those more traditional contractor loans, but they’re typically only used to buy out an existing construction company. These reasons are why we’ve chosen more alternative online loan options on this list.

As a contractor, you have a lot of different needs that vary based on the size of your business. A one-person plumber and a large construction company working on building a new hospital will have different capital needs. But both need general working capital to keep their business operating while they gain new business and wait for customer payments, especially with residential construction projects peaking in summer months.

We chose a business line of credit as the best financing fit for contractors because it has the widest use, allowing you to borrow what you need and you’ll only pay interest on the amount you use. Both individual contractors and larger construction companies will find a business line of credit to be an excellent option.

The six best contractor loans are:

Business Line of Credit for Contractors

A business line of credit is a revolving line you can repay and use repeatedly to fund the growth of your construction company or cover cash flow gaps for your seasonal business. You’ll only pay interest on the credit you use, so a line of credit is a good fit for contractors needing quick financing to cover expenses on a new project with a fast start date.

A general contractor line of credit is a good choice you’ll have a line you can draw down against when needed. You won’t have to wait to apply for a loan to get the financing you need to begin work on a new job and you won’t have to wait for customer payments to fund payroll if you have other contractors working for you. If you’re approved, there’s no reason not to get one.

Construction Business Line of Credit Interest Rates & Fees

The typical costs of a construction business line of credit for contractors are:

• Starting interest rates: As low as 13.99%
• Expected APR range: 20% to 40%
• Prepayment penalty: None
• Other fees: Some lenders may charge service fees or other fees if you don’t use your line of credit within a year, but these aren’t common.

The total costs for a business line of credit are best expressed in the annual percentage rate (APR), which is a combination of rates and fees. Some business line of credit providers for prime borrowers offer a line of credit with an APR as low as 13.99% and it’s typically ready to make draws from in one to three days. They also don’t have service fees or any penalties for not using your line of credit, making them great options for contractors.

Construction Business Line of Credit Terms

The typical terms of a construction business line of credit for contractors are:

• Loan amount: Up to $100,000
• Repayment term: Up to 12 months
• Repayment cycle: Weekly or monthly
• Time to funding: One to three days

Most construction lines of credit available to contractors have lower funding amounts of up to $100,000 but are revolving. This means that like a credit card, once you repay a draw, you can borrow from it again. Repayment typically extends up to 12 months, with both weekly and monthly repayment options available sometimes.

Construction Business Line of Credit Qualifications

The typical construction business line of credit for contractors qualifications are:

• Credit score: At least 600 (check your score for free)
• Time in business: At least one year
• Annual business revenue: At least $100,000

Individual contractors, like a handyman, may find it difficult to qualify for a line of credit if you don’t have a successful history of increasing revenues for three to six months or more. You typically must be in business for at least a year, have a personal credit score greater than 600, and be generating over $100,000 in annual revenue to qualify.

What’s Missing From a Construction Business Line of Credit

A construction business line of credit is great for contractors looking to draw from a pool of capital as they need it. However, a line of credit doesn’t provide a lot of capital with its lines maxing out around $100,000. If you need more financing for specific working capital needs with a known fixed cost or to buy an existing contracting business, then you should consider a short-term business loan for contractors.

Where to Find a Construction Business Line of Credit

OnDeck offers a line of credit up to $100,000 with rates as low as 13.99% for prime borrowers. You can get approved by filling out its online application, which takes about 10 minutes to complete. If approved, you could draw down on your line of credit in as quick as one business day.

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Short-Term Contractor Loans

Short-term business loans for contractors are a good fit for those who need growth capital and have predictable expenses. This is because term contractor loans give you a lump sum amount and require fixed weekly amortized repayments of principal and interest. These loans can carry an expensive APR up to 50% but have a competitive total cost of capital if you repay the loan within 12 months.

You can use short-term contractor loans to make immediate purchases because you’ll receive a lump sum amount and start paying interest. For example, if you want to hire a new employee for an upcoming job and know what his or her salary will be for the life of the contract, you can request a lump sum amount and use it to cover the salary until the job is complete.

Short -Term Business Loan for Contractors Interest Rates & Fees

The typical costs of short term contractors loans are:

• Starting interest rates: As low as 9.99%
• Expected APR range: 30% to 50%
• Prepayment penalty: None

Short-term business loans typically have rates as low as 9.909% with average APR from 30% to 50%. While there are no prepayment penalties with short-term contractor loans many of these lenders require you to pay a certain fixed dollar amount regardless of how long you’re in repayment. This differs from many traditional lenders who only charge you interest on every month you’re in repayment.

Short-Term Business Loan for Contractors Terms

The typical terms of short-term contractor loans are:

• Loan amount: Up to $500,000
• Repayment term: Three to 36 months
• Repayment cycle: Weekly
• Time to funding: One to three days

Short-term business loans for contractors offer funding amounts up to $500,000. This amount of capital suffices to cover projects and you’ll have up to 36 months to repay the loan. This gives contractors the flexibility to finance a large purchase and repay it as they earn revenue from their investment.

Short -Term Business Loan for Contractors Qualifications

The typical qualification requirements of short-term contractor loans are:

• Credit score: At least 600 (check your score for free)
• Time in business: At least one year
• Annual business revenue: At least $100,000

Qualifying for a short-term business loan for contractors requires that your business be operational for at least one year, similar to a line of credit. You’ll also need a personal credit score of at least 600 and annual revenue of $100,000 or higher for the lender to consider you for funding. Lenders like to see that your revenue is trending upward in the months preceding your loan application.

What’s Missing From a Short-Term Business Loan for Contractors

Short-term loans are great if you know what you need to buy, but if you know you need capital for recurring expenses, then this isn’t likely the right option. These loans require you to make interest payments on the full amount you borrow and can be expensive if you don’t pay them back quickly. If you need to cover recurring expenses a line of credit for contractors may be a better option.

Where to Find Short -Term Business Loans for Contractors

OnDeck offers short-term business loans for contractors up to $500,000 and can fund you in as quick as one day. Rates start as low as 9.99% for qualified borrowers, with repayment terms as long as 36 months. You can start the process by filling out a 10-minute online application where you could get pre-qualified the same day.

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Invoice Financing for Contractors

Invoice financing, or accounts receivable financing, helps construction companies unlock the value of their invoices earlier by issuing a loan based on their outstanding invoices due in less than 90 days. This financing is also known as a business contract loan and works similar to a business line of credit and you’ll make draws using your customer invoices as collateral. Plus, you’ll only pay interest on the amount you borrow.

Invoice financing is best for contractors who invoice customers. For example, contractors who perform commercial work often bill their clients on net 30 or 60-day terms. So, if you need to ramp up your next commercial project within that 60-day window (known as drag-on liquidity as you wait for customer payments), you can use invoice financing to unlock the value of your unpaid invoices.

Invoice Financing Rates & Fees

The typical costs of an invoice financing contractor loan are:

• Starting discount rate (fees): 0.5% of each invoice per week
• Estimated APR: 10% to 79%
• Prepayment penalty: None

Invoice financing companies will charge you a weekly fee for every week you’re in repayment. If you pay back the loan early, then you’ll be able to save money because you’ll be cutting down the number of weeks you pay interest. These fees start at 0.5% of the invoice value but can get much higher with an estimated APR range of 10% to 79%.

Invoice Financing Terms

The typical terms of an invoice financing contractor loan are:

• Loan amount: $1,000 to $100,000
• Repayment term: 12 to 24 Weeks
• Repayment cycle: Weekly
• Time to funding: One to three days

Most invoice financing providers offer up to $100,000 in the form of revolving credit that your business can draw on with invoices. Terms are also shorter than the other financing alternatives for contractors extending to a maximum of 24 weeks. You also must make weekly payments, but many invoice financing companies can get you funded in one to three days.

Invoice Financing Qualifications

The typical minimum qualifications for an invoice financing contractor loan are:

• Credit score: No minimum to 530 or higher (check your score for free)
• Invoice qualifications: Must be due in the next 90 days
• Other requirements: Customers must be creditworthy

Invoice financing could be a good option for contractors who have less-than-perfect credit because some lenders look at other factors besides your credit. These lenders are more interested in the creditworthiness of your customers than they are of your own because your customers will repay what you borrow.

What Invoice Financing Is Missing

Invoice financing is a good fit for construction businesses that invoice a lot of customers, but you can only borrow up to $100,000 and you must repay the loan within 24 weeks. Plus, if you don’t invoice a lot of customers you won’t be able to finance much at all. For a similar financing alternative, without the need for outstanding invoices consider getting a general contractor business line of credit.

Where to Find Invoice Financing

You can get invoice financing from specialized lenders who focus on accounts receivable lending. The best invoice financing companies can get you funded quickly, and typically rely on the creditworthiness of your borrowers for an approval decision. This makes them a great option if your business is struggling to get financing due to a low personal credit score.

Equipment Loans for Contractors

Equipment financing is a loan used to purchase large equipment with a long shelf life. The lender uses the equipment you’re buying as collateral for the loan. This financing is a good fit for larger construction businesses with large job sites like schools or hospitals. These businesses might need to buy new bulldozers, loaders, or a Caterpillar, and equipment financing will help you pay for those costs.

Equipment financing will only be a good fit for a small fraction of contractors because individuals working for themselves won’t need large equipment. You can structure equipment financing as either a loan or a lease and the costs of your financing will depend on the one you choose, with a lease carrying a more affordable payment.

Equipment Financing Interest Rates & Fees

The typical costs of equipment financing are:

• Interest rates: 6% to 9%
• Prepayment penalty: None

Equipment financing offers low rates between 6% and 9% because equipment acts as collateral for the contractor loans. These low rates make invoice financing one of the best ways to access capital for new or used equipment. However, it can be more difficult to qualify for this financing.

Equipment Financing Terms

The typical terms of an equipment loan are:

• Loan amount: $10,000 to $500,000 (up to 95% of equipment costs)
• Repayment terms: Two to seven years, based on the useful life of the equipment
• Payment frequency: Monthly
• Funding speed: Two to five business days

Equipment financing offers similar terms to working capital loans, with loan amounts up to $500,000 for contractors. You’ll also have several years to repay the loan, depending on the expected life of the equipment you are financing. The biggest difference between this option and alternative business loans for contractors is that you’ll receive funding a little slower, within two to five days.

Equipment Financing Qualifications

The typical minimum qualifications for equipment financing are:

• Credit score: At least 600 (check your score for free)
• Down payment: At least 5%
• Collateral: Financed equipment
• Time in business: At least two years (startups with industry experience might qualify)

To qualify for an equipment loan for contractors, you’ll need a personal credit score of at least 600 and at least two years in business. In most cases, you will need to provide a down payment of at least 5% and the equipment will act as collateral for the loan. Although it is possible to qualify as a newer business or startup, you typically must provide a larger down payment.

What Equipment Financing Is Missing

Equipment financing is a great fit to buy large equipment for your construction company but it has no other purpose. It will only work for larger contracting businesses looking to replace their current equipment or expand their service offerings. If this doesn’t describe you and your needs, you may want to consider one of the other business loans for contractors.

Where to Find Equipment Financing

You can find equipment financing at banks or other traditional lenders. Many traditional lenders offer equipment loans for contractors and it’s best to apply with a lender you already have a relationship with. You may also choose to lease the equipment, which can cost more overall, but reduces the amount of money you need for a down payment.

Business Credit Cards for Contractors

Business credit cards are a good fit for every contractor because they’re easy to qualify for and you can use them to finance smaller working capital expenses. Every contractor should have a business credit card to use in case of emergency. Many of these cards provide cash back or points that you can redeem for rewards, and 30-day terms to pay off your purchases before you incur any interest.

For example, one good use of a business credit card is fuel on your company truck. You’ll have many trips going to pick up supplies, going to the job site, or taking hauls of debris off the property. Fuel expenses will cost you regardless of how you pay for them, but a business credit card can give you a discount at the pump.

Another great reason to use a business credit card as a contractor is that you can set up automatic recurring payments for things like your contractor’s insurance premiums. This way you won’t forget to pay any bills while you’re growing your construction business and you can even earn rewards.

Interest Rates & Fees

The typical costs of a business credit card are:

• Interest rate: 15% to 29%; some have 0% introductory offers
• Annual fee: Up to $350

Business credit cards for contractors have a rate between 15% and 29%, although some have introductory offers on purchases at as low as 0%. You’ll also sometimes need to pay an annual fee of up to $350 regardless even if you don’t use the card. There is no interest charged if you pay down your balance within 30 days, making it a great short term financing solution for contractors.

Business Credit Card Terms

The typical terms of a business credit card are:

• Loan amounts: Up to $100,000 but typically less than $30,000 for most businesses
• Repayment terms: 30 days interest-free
• Time to funding: Instantly to two weeks (the time it takes to receive your card)
• Initial rewards: Introductory APR of 0% for seven to 18 months, and a cash bonus (or points bonus) if you spend a certain amount within the first two to six months.
• Ongoing rewards: Cashback or rewards points

Business credit cards for contractors have a rate between 15% and 29%, although some have introductory offers on purchases at as low as 0%. You’ll also sometimes need to pay an annual fee of up to $350 regardless even if you don’t use the card. There is no interest charged if you pay down your balance within 30 days, making it a great short term financing solution for contractors.

Business Credit Card Qualifications

The typical minimum qualifications for a business credit card are:

• Credit score: At least 680 for best offers (check your score for free)

The only two qualifications that matters are your annual business revenue and your personal credit score. There are no set revenue requirements to qualify but the higher your revenue is the larger your credit line will be. Although there are fair credit business credit cards available, to qualify for the best offers you will need a credit score of at least 680.

What Business Credit Cards Are Missing

Business credit cards are a good fit for any contractor, regardless of the size of your business. They offer a great way to get a small working capital line of credit with 30-day terms. However, these credit cards rarely carry large credit line amounts. For larger revolving loans for contractors, consider applying for a line of credit instead.

Where to Find Business Credit Cards

Large credit card companies and banks offer the best small business credit cards. You can also use a personal credit card for business, which can reduce some application hassles. It can also provide you with a personal financing option for day-to-day purchases like transportation and lunch while earning rewards.

SBA Loans for Construction Companies

The Small Business Administration (SBA) partially guarantees SBA loans. This allows lenders to offer long repayment terms with some of the lowest rates available to businesses. You can use these loans to finance the purchase of long term equipment, to buy real estate, or to fund the purchase of a construction company. These loans aren’t an option for small contractors needing short term working capital.

For example, if you’re looking to buy out a competitor’s book of business or to purchase a new facility to house your landscaping equipment, then this could be the right option for you. However, if you need a short-term cash infusion to get your new marketing plan off the ground, then there are other options that could work better.

SBA Loan Interest Rates & Fees

The typical costs of an SBA business loan for contractors are:

• Interest rate: 8% to 11%
• Prepayment penalty: None and you can save money by paying it off early
• Origination fee: 0.5% to 3.5%
• Loan packaging fee: $2,000 to $4,000
• SBA guarantee fee: 2% to 3.5%

SBA loan rates are some of the lowest available to qualifying borrowers, ranging from 8% to 11%. However, this is not a great short term loan option, as you also must cover origination, loan packaging, and SBA guarantee fees that can total over 5% of the loan amount. Instead, it’s a great option for long term financing where the origination fees have a lower overall impact on your costs.

SBA Loan Terms

The typical terms of an SBA business loan for contractors are:

• Loan amount: Up to $5 million
• Repayment terms: Up to 10 years
• Repayment cycle: Monthly
• Time to funding: At least 30 to 90 days

SBA loans for contractors offer funding up to $5 million with repayment terms up to 10 years for construction businesses. This is by far the longest repayment term and the largest financing amount we evaluated, making SBA loans for contractors a great way to get the funding to acquire another business or invest in a large project. However, it will take 30 to 90 days to get funding and can sometimes take longer due to paperwork and underwriting requirements.

SBA Loan Qualifications

The typical minimum qualifications of an SBA business loan for contractors are:

• Minimum credit score: 680 (check your score for free)
• Collateral: Typically required
• Down payment: At least 10% to 20%
• Time in business: Any, from startups to mature businesses

SBA loans are the most difficult to qualify for of all the financing options on this list of the best loans for contractors. You’ll need a personal credit score of at least 680 and your lender will typically require you to provide collateral and a down payment of at least 10% to 20%. However, smaller and newer businesses can qualify sometimes, but you will need to show significant industry experience.

What’s Missing With an SBA Loan

SBA loans are great for long term financing to buy a construction business or something similar, but they take a long time to get funded and they’re difficult to qualify for. Most small independent contractors won’t get access to capital for months, which makes it a bad fit for immediate working capital needs. Instead consider applying for a short term loan for contractors, which can get you funded in one to three days.

Where to Find SBA Loans

You can find SBA loans at a bank or other traditional lender. The process takes several visits to the bank to complete, with multiple rounds of paperwork requirements. Once you complete the application your lender will submit it for approval and underwriting. The entire process from start to finish takes 30 to 90 days.

Tips for Getting a Contractor Loan

Contractors may find it difficult to qualify for the right loan, but taking certain actions can improve your overall chances at getting approved. You need to maximize your revenue and be able to paint the picture to your lender that your business is stable and growing. To do that, you should follow the key tips, we’ve put together to help you get approved for a business loan.

Three tips for getting a business loan for contractors are:

1. Demonstrate Your Ability to Repay the Construction Loan

What interests your lender is your ability to repay what you borrow. It isn’t in the business of lending to organizations that default. This makes it important for you to represent your business in a way that shows it’s growing and that it is capable of repaying more than what you’re borrowing.

According to Ty Kiisel, Editor for OnDeck:

“Make sure you have a good understanding of your credit profile, can clearly articulate your loan purpose, and have the revenue to make the periodic payments. A lender might not ask the questions this way, but it wants to know: Can you repay a loan? Will you repay a loan? And, do you have a plan should something unexpected happen to ensure that you will still be able to repay a loan?”

While your credit score and annual business revenue are important to meeting the minimum qualifications standards of your lender, your ability to repay is the most important thing. Many lenders calculate your debt service coverage ratio (DSCR) to determine whether you’ll be able to repay the loan or not.

One great way to show this is to have contracts in place with upcoming jobs, allowing you to show increasing revenue. Further, only apply after you’ve done enough construction jobs to have adequate capital already in the bank.

2. Ensure Your Construction Business Meets Minimum Qualifications

Many businesses apply for a loan they have no chance to get approved for. Most lenders list their minimum qualifications as the absolute lowest standard for approving a loan. However, most businesses approved far exceed those minimum requirements. Applying for something you have no chance of getting is a waste of time and money.

You should focus your time on only applying to loans in which you exceed the minimum qualifications. Even if you get approved for other loans, you wouldn’t get a large loan amount. The highest amounts only go to the best borrowers. If you don’t exceed the minimum qualifications, then work on your credit profile or business revenues before you apply.

As a contractor, you can do this by forming a personal relationship with your banker or preferred lender. Ask them how they view the construction industry and inquire about your odds of approval, given your specific fundamentals.

3. Don’t Request Larger Contractor Loans Than Necessary

You never want to borrow more money than you need because that means you’ll be paying interest on that money. As a contractor, your ability to meet your expenses may already be tight, so it’s important that you don’t take on additional interest payments you don’t need. Contractors need to eliminate as many expenses as possible when you’re in-between projects so you don’t want unnecessary payments hanging over your head.

Asking for more than you need could also reduce your odds of receiving a loan for your contracting business. Part of the application process is to quantify how you’ll spend what you’re asking for. If the lender determines that you’re asking for too much money then it could deter it from doing the loan at all because it might lose faith in your ability to operate.

Pros and Cons of Business Loans for Contractors

Business loans for contractors can get you funded quickly on flexible repayment terms. They also offer good funding options for working capital, large projects, and the purchase of equipment. However, sometimes contractors may have difficulty qualifying due to lower credit scores. Business loans for contractors can also sometimes be expensive if not used to grow your business.

Pros of Business Loans for Contractors

Some advantages of business loans for contractors are they:

• Can get you funded quickly: Except for SBA loans for contractors, most funding options can get you pre-qualified in a day or two and funded within a week of applying. This reduces the time you need to spend looking for a loan and allows contractors to finance any unexpected expenses.
• Have flexible terms: With a business loan you can often get weekly or monthly repayment terms for as long as 10 years. In most cases, you will have up to three years to repay the loan, but this is still adequate for financing larger projects with smaller payments as your contractor business brings in more revenue.
• Offer options for multiple financing needs: Matching the financing you use to the need is important for keeping costs low. Whether you need to finance equipment or need funding for regular expenses like payroll or fuel, there is a contractor business loan that can fill that funding need.

Cons of Business Loans for Contractors

Some disadvantages of business loans for contractors are they:

• Can be difficult to qualify for: If you have low personal credit or your business is still new, it can be more difficult to qualify for funding. However, your business still has some options for financing invoices that may require little to no credit history.
• Can be expensive: Business loans for contractors should grow your business or stabilize it after a brief downturn. If the financing is not helping generate additional revenue, then the cost of the loan may be too high, resulting in a compounding cash flow problem for your business as you try to keep up with payments.

Deciding on the right contractor business loan can be difficult because there are so many options. A major advantage of business loans for contractors is that you can match up the financing product to the need. However, it can still be difficult to qualify for and expensive if not used to grow your business.

Contractor Loans Frequently Asked Questions (FAQs)

We evaluated the different options that contractors have when considering business financing in this article. Most borrowing decisions raise individual questions that we did not cover in this article. We’ve highlighted and answered the most frequently asked questions about business loans for contractors below. If we did not answer your question, ask it in the Fit Small Business forum.

How can I apply for a contractor business loan?

Depending on the contractor business loan you are applying for you will need to either work with a local bank at the branch or submit an online application. At the bank, you typically must submit hard copies of your paperwork, which you can upload or share more quickly with an online application.

Do you need to put a down payment on a contractor business loan?

With most alternative business loans for contractors, lenders won’t require you to submit a down payment, making them a great option if you need funding quickly without extra payments. However, for SBA loans and equipment financing you typically must submit a down payment of at least 5% to qualify.

How much can contractors borrow?

Contractors can access funding ranging from a few thousand dollars with a business credit card to up to $5 million with an SBA loan for their business. The exact amount a contractor can borrow will depend on individual and business qualifications like credit score, time in business, and annual revenue.

Bottom Line

Receiving approval for a loan if you’re a contractor can be difficult because your industry can be seasonal and inconsistent. However, you still have plenty of options to get the working capital you need to fund your day-to-day business activity. The best business loans for contractors are flexible and can fund quickly to help you get the capital you need.

OnDeck offers a business line of credit up to $100,000 and you can qualify if you’ve been in business for at least one year, have at least a 600 credit score, and have annual revenue of $100,000 or more. You can apply by filling out an online application that takes about 10 minutes and you could receive your funds in as quick as one day.

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