The best fast business loans should be able to issue funding within 48 hours of receiving a fully completed loan application. Lenders should also have a combination of easy documentation requirements and excellent customer service.
Since the best loan will vary depending on your company’s needs, we’ve selected lenders that offer different types of loans. These lenders will also have a wide range of qualification requirements. Although fast business loans typically have higher rates and fees than traditional loans, many of our picks in this guide will still offer competitive loan terms.
Here are our picks for the 8 best quick business loans:
- SBG Funding: Best overall for custom repayment options
- Lendio: Best broker for startups and low-revenue businesses
- QuickBridge: Best for minimal documentation requirements
- Clarify Capital: Best broker for multiple loan options
- Bluevine: Best business credit line for established companies
- Creditfy: Best for easy qualification requirements and high approval rates
- National Funding: Best for short-term loans
- National Business Capital: Best for high loan amounts for well-qualified businesses
Get a business loan in 24-48 hours with Clarify Capital. |
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Best Fast Business Loans at a Glance
Maximum Loan Amount | Estimated Starting Annual Percentage Rate (APR) | Maximum Loan Term | Required Annual Revenue | Minimum Credit Score | Total Estimated Time From Application to Funding | |
|---|---|---|---|---|---|---|
 | $10 | Varies | $350,000 | As fast as same day | ||
 | $10 | Varies | Varies | As fast as 24 hours | ||
 | $500,000 | Varies | 18 months | $250,000 | 600 | 24 hours |
| $5 million | 6% | 2 years | $120,000 | 500 | As fast as 24 hours |
 | $250,000 | 7.8% | 12 months | $120,000 | 625 | 24 hours |
 | Varies | As fast as 24 hours | ||||
 | Varies | $250,000 | 600 | 24 hours | ||
 | $10 million | 6% to 18% | Varies | $500,000 recommended | As fast as same day | |
SBG Funding: Best Overall for Custom Repayment Options
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Rates and Terms | |
Application Speed | 5 minutes |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Loan Amount |
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Starting Interest Rate |
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Estimated APR | Varies by loan program |
Repayment Term |
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Repayment Schedule | Biweekly, weekly, monthly |
Financing Type | Term loan, line of credit, bridge capital, equipment financing, invoice financing |
Qualifications | |
Credit Score | 600 (650 for term loans) |
Time in Business | 6 months |
Annual Business Revenue | $350,000 |
Why We Like SBG Funding
SBG Funding is our pick as the best overall provider. In addition to its ability to provide fast approvals and quick access to funds, it can offer competitive rates with flexible repayment terms to suit a business owner’s cash flow needs. This flexibility extends beyond being able to offer varying payment schedules, as eligible businesses can get deferred payments for up to three months.
The company lists a high approval rate of 85%, but borrowers should note that meeting the minimum qualification requirements will not guarantee an approval. Instead, applicants may need to demonstrate strong compensating factors to offset any weak areas in their credit or finances.
To apply, you can visit the SBG Funding website. Submitting an application will not negatively impact your credit score, and it comes with no cost or obligation to accept a loan offer.
Lendio: Best Broker for Startups and Low-revenue Businesses
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Rates and Terms | |
Application Speed | 15 minutes |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Loan Amount |
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Starting Interest Rate |
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Estimated APR | Varies by loan product |
Origination Fee | Varies |
Repayment Term | Varies by loan product |
Repayment Schedule | Varies by loan product |
Financing Type | A/R financing, line of credit, term loan, merchant cash advance, equipment financing, startup business loans |
Qualifications | |
Credit Score |
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Time in Business |
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Annual Business Revenue |
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Why We Like Lendio
Lendio is a business loan broker with over 75 lenders in its network. As such, you’ll have plenty of loan options and improved approval odds. It’s a good option if you’re a newer business as many of Lendio’s loan options carry low revenue and time in business requirements, the lowest in our guide in fact.
While you may not know the exact qualification requirements until after you apply, you will be able to work with a dedicated funding specialist to help you choose the best type of loan for your business needs. Lendio can also help structure and present your loan application in the best manner possible to give you the best chances of being approved and paired with a lender that has competitive rates and loan terms.
To learn more or to apply, visit the Lendio website. Applications can be completed in under 15 minutes with no obligation to accept a loan offer, no impact on your credit score, and no upfront fees. Lendio also offers non-financing solutions. It can help connect you with small business credit repair, bookkeeping services, legal assistance, and more.
QuickBridge: Best for Minimal Documentation Requirements
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Rates and Terms | |
Application Speed | 10 to 15 minutes |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Loan Amount | Up to $500,000 |
Starting Interest Rate | Factor rates as low as 1.10x |
Estimated APR | Varies |
Repayment Term | Up to 18 months |
Repayment Schedule | Daily, weekly |
Financing Type | Term loans, working capital |
Qualifications | |
Credit Score | 600 |
Time in Business | 6 months |
Annual Business Revenue | $250,000 |
Why We Like QuickBridge
If you’re looking for an easy application process, QuickBridge makes our list for the best pick for minimal documentation requirements. It offers term loans for a variety of business purposes, with rates, terms, and qualification requirements that are similar to that of National Funding.
A major difference, however, is that National Funding has loan options with a monthly payment schedule, in addition to longer repayment terms, whereas QuickBridge only offers daily and weekly repayment options.
This provider offers low starting factor rates for businesses with excellent credit and also offers early payoff discounts. No collateral is required, but business owners will need to agree to a personal guarantee in exchange for funding. To learn more or to apply, head over to the QuickBridge website.
Clarify Capital: Best Broker for Multiple Loan Options
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Rates and Terms | |
Application Speed | 2 minutes |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Loan Amount | $10,000 to $5 million |
Starting Interest Rate | Varies |
Estimated APR | 6% and up |
Origination Fee | Varies |
Repayment Term | 6 months to 2 years |
Repayment Schedule | Varies |
Financing Type | Term loan, line of credit, invoice financing, equipment financing, merchant cash advance (MCA) |
Qualifications | |
Credit Score | 500 |
Time in Business | 6 months |
Annual Business Revenue | $120,000 |
Why We Like Clarify Capital
Clarify Capital is another broker in this guide that’s similar to Lendio, in that it also has over 75 lenders in its network. One of the advantages of working with a broker like this is the ability to get multiple loan options without having to apply separately to different companies, and you’ll also be able to improve your chances of getting approved. For these reasons, it makes our list for the top pick for borrowers looking for multiple loan options.
When you apply with Clarify Capital, you’ll work with a loan specialist who will match you with a lender based on your business qualifications and needs. The specialist can also provide guidance on which type of loan might be best for you. Clarify Capital offers different loan options, including term loans, lines of credit, equipment financing, and SBA loans.
One downside of working with a broker, however, is that you may not know the exact loan terms or eligibility criteria for financing until after you apply. To learn more or submit an application, you can visit the Clarify Capital website.
Bluevine: Best Business Credit Line for Established Businesses
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Rates and Terms | |
Application Speed | 5 minutes |
Approval Speed | As fast as 5 minutes |
Funding Speed | 24 hours |
Loan Amount | Up to $250,000 |
Starting Interest Rate | 7.8% |
Estimated APR | 7.8% and up |
Repayment Term | 6 or 12 months |
Repayment Schedule | Weekly, monthly |
Financing Type | Line of credit |
Qualifications | |
Credit Score | 625 |
Time in Business | 12 months |
Annual Business Revenue | $120,000 |
Why We Like Bluevine
Bluevine’s small business line of credit offers a quick application and approval process, and you could get instant funding if you pair the credit line with the provider’s own checking account, something we cover in our Bluevine business checking review.
The provider is currently unable to offer financing in Nevada, North Dakota, South Dakota, and the US territories. You must also be structured as a corporation or LLC. Finally, some industries may be ineligible for any type of financing. You can review Bluevine’s list of ineligible industries.
While Bluevine already offers low starting rates, you could effectively be paying less if you pay off the loan faster. Rates are calculated as a simple interest rate and assume you draw the full amount of the credit line, making only the minimum required payments for the longest amount of time allowed. Visit the Bluevine website to submit an application.
Creditfy: Best for Easy Qualification Requirements & High Approval Rates
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Rates and Terms | |
Application Speed | 5 minutes |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Loan Amount |
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Starting Interest Rate |
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Estimated APR | Varies by loan product |
Repayment Term |
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Repayment Schedule | Varies by loan product |
Financing Type | Line of credit, equipment financing, term loan, invoice financing, and bridge loan |
Qualifications | |
Credit Score |
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Time in Business |
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Annual Business Revenue |
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Why We Like Creditfy
If you’re looking for easy qualification requirements and a good chance of getting approved, Creditfy makes our list for the top pick. It offers flexibility in getting financing and can work with businesses or startups that may have bad credit scores or low revenue.
In addition to having easy qualification requirements, Creditfy states that it has a 90% loan approval rate across all of its loan products. This includes its business line of credit, equipment financing, and term loans. With such a high approval rate, it’s another good broker to consider alongside Lendio and Clarify Capital if you’re concerned about your odds of approval.
Another benefit of working with Creditfy is that it requires all of its loan representatives to have a minimum of two years of industry experience. As a result, when it comes to matching you with a suitable loan, you can rest assured that you’ll be working with an experienced individual. Creditfy has also developed partnerships with lenders that other brokers may not yet have, which can further improve your chances of getting funding.
You can complete an online application in just several minutes. If approved, loan proceeds could be disbursed as soon as the next business day.
National Funding: Best for Short-term Loans
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Rates and Terms | |
Application Speed | 10 to 15 minutes |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Loan Amount |
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Starting Interest Rate | Factor rates as low as 1.10x |
Estimated APR | Varies |
Origination Fee | 1% to 3% |
Repayment Term |
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Repayment Schedule | Daily, weekly, and monthly |
Financing Type | Working capital, term loan, and equipment financing |
Qualifications | |
Credit Score | 600 |
Time in Business |
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Annual Business Revenue | $250,000 |
Why We Like National Funding
If you’re a business owner looking for short-term financing, National Funding is an excellent option. Although qualification requirements are similar to QuickBridge, this is a good option for borrowers looking for monthly repayment options instead of daily or weekly.
It can offer a high level of personalized service, competitive rates, and incentives for loans that are paid off early. For example, borrowers who get a working capital loan can qualify for a 7% discount on the remaining balance if paid in full within the first 100 days. Equipment financing customers can also qualify for up to a 6% discount if the loan is paid off early.
By working with National Funding, you’ll be assigned a dedicated funding specialist who can help you identify the best type of loan for your business needs and walk you through the entire lending process.
To apply, you can head to the National Funding website. Applications can be completed within 10 to 15 minutes, and eligible businesses can receive funding in as little as 24 hours.
National Business Capital: Best for High Loan Amounts for Well-qualified Businesses
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Rates and Terms | |
Application Speed | 5 to 10 minutes |
Approval Speed | As fast as several hours |
Funding Speed | As fast as same-day |
Loan Amount | Up to $10 million |
Starting Interest Rate | Varies by loan product |
Estimated APR | 6% to 18% |
Origination Fee | Varies by loan program |
Repayment Term | Varies by loan program |
Repayment Schedule | Varies by loan program |
Financing Type | Asset-based lending, business line of credit, term loan, equipment financing, revenue-based financing |
Qualifications | |
Credit Score | None, but may vary by loan program (700+ is recommended) |
Time in Business | 1 year recommended |
Annual Business Revenue | $500,000 recommended |
Why We Like National Business Capital
If you’re looking to get funding quickly, National Funding can provide funds within a matter of hours. This can be accomplished with as little as just six months of business bank statements and a completed online application. High loan amounts are available, although funding speeds would likely take a few days longer on average. That said, this may be the best option for well-qualified businesses with large financing needs since it has the highest annual revenue requirement of this guide.
National Business Capital is another business loan broker to compare with Lendio and Clarify Capital, as it also has a network of over 75 lenders. This gives it the ability to match you with a lender you’re eligible for—and at the best available rates. The downside is that the specific requirements, rates, and terms won’t be known until after you apply. Most loans, however, will require a personal guarantee.
You can visit the National Business Capital website to learn more about its loan programs. There, you can also submit an application without any impact on your credit score.
When to Get a Fast Business Loan
Getting quick business funding usually means you’ll have to pay higher rates and fees to get a fast and easy business loan. However, it can be a good option if your alternative is more costly to the business or if getting access to funds allows you to take advantage of a limited-time business opportunity.
Before you get a fast business loan, we recommend you do your due diligence to ensure the funds will provide you with a net positive benefit, such as an increase in sales or the reduction of fees and penalties.
Below are some other scenarios that could indicate a fast business loan is right for you:
- You require funds to avoid being late on business debt
- You need to restock on inventory to meet demand from customers
- You seek to repair or replace equipment critical to your business operations
- You have a limited-time opportunity to acquire real estate to expand your footprint
How We Chose the Best Fast Business Loans
Our selection of the best fast business loans took the following items into consideration:
- Speed of application, approval, and funding
- Ease of application process and amount of required documentation
- Maximum loan amount
- Interest rates, fees, and estimated APR
- Repayment terms
- Minimum credit score, time in business, and annual revenue requirements
- Customer reviews and ratings
Types of Fast Business Loans
Many different types of loans can meet the criteria for quick small business loans. Each loan type carries different terms and requirements that make it better suited for certain use cases. Below are some common fast business lending types:
- Term business loan: With a term loan, you’ll receive a single lump sum of funds. This can be a good option if you do not have recurring needs for additional funding.
- Business line of credit: This is a revolving line of credit that allows you to draw funds on an as-needed basis. This flexibility can make it a good choice for emergencies or temporary cash flow shortages. See our recommendations for the leading small business line of credit providers.
- Merchant Cash Advance (MCA): With an MCA, you can get a cash advance in exchange for a percentage of your daily credit card receipts. You could be a good candidate for this type of financing if you process a large volume of credit card sales. This is an expensive form of financing and should only be used as a last resort. Check out our top-recommended MCA providers.
- Working capital loan: This type of loan can be used to cover a wide variety of daily business expenses. Common examples include rent, payroll, and operational expenses. View our article covering the best working capital loans.
- Equipment financing: If you need business equipment, you can choose between an equipment loan or a lease. With a loan, you retain ownership at the end of the loan term. With a lease, you’ll typically have to return the equipment to the vendor. Learn more about the differences through our comparison of equipment loans vs leases.
- Revenue-based financing: Monthly payments for this type of loan fluctuate based on your company’s monthly revenue. This can be a good option for businesses that have a consistent source of revenue or have cash flow concerns in the event that sales slow down temporarily. To learn more, read our guide on how a revenue-based loan works.
You can learn more about the small business loan application process and improve your approval odds with some of the tips in our guide on how to get a small business loan.
Alternatives to Fast Business Loans
A tradeoff with fast business loans is that rates and fees can be higher than other types of loan options. If you can afford to wait for funding, or just want to know more about all of your financing options, here are some alternatives to consider:
- Small business credit cards: A business credit card can take 7 to 10 business days to arrive in the mail once you get approved. It can be useful for small or medium-sized purchases, as credit limits generally range from $5,000 to $50,000 or more. Many banks also provide a rewards program with options for cash back or travel redemptions. Check out our list of the best small business credit cards.
- SBA loan: SBA loans can take between 30 to 90 days to fund but can offer some of the lowest rates available. If you have good credit and strong business finances, check out our recommendations of the top SBA lenders.
- Rollover for business startups (ROBS): A ROBS is a way to access your retirement accounts tax- and penalty-free. However, it’s a complicated process that can result in fines and penalties if done incorrectly. For that reason, we recommend choosing a company from our list of the leading ROBS providers to walk you through the process.
Frequently Asked Questions (FAQs)
If you’re well-qualified for a loan, you can get a loan as fast as the same day. Lenders with fast business loans often have an easy application process that takes less than 10 minutes, and approvals that can be issued within several minutes.
Using an online provider is the best way to get money fast for your business. Compared to traditional brick-and-mortar banks, online providers also typically have more lenient qualification requirements and more streamlined processes for issuing loan decisions.
Online lenders often have more streamlined processes for reviewing and issuing loan decisions. They also usually have more flexibility in the eligibility criteria. However, in exchange for getting fast funding, you’ll usually be charged higher interest rates and fees.
Bottom Line
If you need funding quickly, the lenders we’ve chosen can get you funded as fast as 24 to 48 hours. They issue a wide range of loan types, so you should be able to find one suitable for your needs and qualifications. However, even the best quick business loans often carry higher rates in exchange for getting you funded more quickly, so it’s a good idea to shop rates with multiple lenders before making any final decisions.
