11 Best Fast Business Loans for Quick Cash in 2023

The best fast business loans should issue funding within 48 hours of submitting a completed loan application. Lenders should also have a combination of low rates, flexible repayment terms, easy qualification requirements, and excellent customer service.

The best loan will be different for everyone and will depend on your company’s goals and qualifications. For this reason, we’ve selected lenders that offer different loan types, including business lines of credit, term loans, equipment financing, and invoice financing.

Here are the 11 best brokers and providers of fast business loans for 2023.

Best Brokers for Fast Business Loans

• Clarify Capital: Best overall broker for multiple loan options
• SBG Funding: Best for businesses with low credit scores
• Creditfy: Best for easy qualification requirements and high approval rates
• Lendio: Best for multiple long-term financing options
• Smarter Finance USA: Best for business vehicle and equipment financing

Best Providers for Fast Business Loans

• Balboa Capital: Best overall provider for fast approval and funding speeds
• Credibly: Best individual provider for multiple loan types
• National Funding: Best for customer service
• QuickBridge: Best for easy documentation requirements
• Fundbox: Best line of credit for covering short-term expenses
• Bluevine: Best line of credit for established businesses

Best Fast Business Loans At a Glance

	Maximum Loan Amount	Estimated Annual Percentage Rate (APR)	Maximum Loan Term	Annual Revenue Required	Minimum Credit Score	Estimated Time from Application to Funding
Broker	$750,000	Varies	24 months	$120,000	550	24 hours
	Visit Clarify Capital or Jump to Section
Broker	$5 million	Varies	7 years	$250,000	500	24 to 48 hours
	Visit SBG Funding or Jump to Section
Broker	$5 million	Varies	7 years	$100,000	530	24 to 48 hours
	Visit Creditfy or Jump to Section
Broker	$5 million	Varies	10 years	$50,000	650	24 to 48 hours
	Visit Lendio or Jump to Section
Broker	$1 million	7%	5 years	None	None 600 is recommended.	1 to 4 days
	Visit Smarter Finance USA or Jump to Section
Provider	$500,000	6%	5 years	$100,000	620	Same day
	Visit Balboa Capital or Jump to Section
Provider	$10 million	Varies	15 months	$180,000	500	Same day
	Visit Credibly or Jump to Section
Provider	$400,000	Varies	5 years	$250,000	600	24 to 48 hours
	Visit National Funding or Jump to Section
Provider	$400,000	Varies	18 months	$250,000	600	24 to 48 hours
	Visit QuickBridge or Jump to Section
Provider	$150,000	10%	24 weeks	$100,000	600	24 hours
	Visit Fundbox or Jump to Section
Provider Bluevine is currently unable to offer financing in Nevada, North Dakota, and South Dakota. Businesses structured as a general partnership or sole proprietorship are also ineligible.	$250,000	6.2%	12 months	$480,000	625	24 hours
	Visit Bluevine or Jump to Section

Clarify Capital: Best Overall Broker for Multiple Loan Options

Rates & Terms
Application Time	2 minutes
Approval Speed	As fast as same day
Funding Speed	Within 24 hours of approval
Loan Amount	$10,000 to $750,000
Starting Interest Rate	Varies by loan product
Estimated APR	Varies by loan product
Origination Fee	Varies
Repayment Term	6 months to 2 years
Repayment Schedule	Varies
Financing Type	Short-term business loan, business line of credit, invoice financing, equipment loan, merchant cash advance (MCA), and Small Business Administration (SBA) microloan
Qualifications
Credit Score	550
Time in Business	6 months
Annual Revenue	$120,000
Visit Clarify Capital

Why We Like Clarify Capital

Clarify Capital is a broker with 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. You’ll also be able to improve your chances of getting approved.

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.

Up to $750,000 in funding is available for its fast business loans, and the broker can work with startups and businesses with bad credit. Visit the Clarify Capital website to apply.

SBG Funding: Best for Businesses With Low Credit Scores

Rates & Terms
Application Time	10 minutes
Approval Speed	As fast as 24 hours (48 hours for equipment financing)
Funding Speed	As fast as same day
Loan Amount	Term loan: Up to $5 million Line of credit: Up to $250,000 Equipment financing: Up to $5 million Invoice financing: Up to 90% of receivables
Starting Interest Rate	Not stated
Estimated APR	Varies
Origination Fee	Varies
Repayment Term	Term loan: 1 to 5 years Line of credit: 6 to 24 months Equipment financing: 1 to 7 years
Repayment Schedule	Biweekly, weekly, and monthly
Financing Type	Term loan, line of credit, equipment financing, and invoice financing
Qualifications
Credit Score	500
Time in Business	6 months
Annual Revenue	$250,000
Visit SBG Funding

Why We Like SBG Funding

SBG Funding has a low credit score requirement of just 500, making it an excellent option if you have bad credit. It can also work with startups, although its annual revenue requirement of $250,000 may be difficult for some newer businesses to meet.

With this broker, you’ll have good odds of landing an approval as long as you meet the minimum qualification requirements. It boasts an 85% loan approval rate, which makes it different from many other lenders that may have high denial rates despite advertising easy qualification requirements.

SBG Funding offers different types of loans, including term loans, lines of credit, invoice financing, and equipment financing. To apply, you can visit the broker’s website and submit an online application. Required documents as part of the initial application include the past four months of business bank statements, a copy of your driver’s license, and a voided check for your business bank account.

Creditfy: Best for Easy Qualification Requirements & High Approval Rates

Rates & Terms
Application Time	5 minutes
Approval Speed	24 hours
Funding Speed	As fast as 24 to 48 hours
Loan Amount	Line of credit: Up to $2.5 million Equipment financing: Up to $5 million Term loan: Up to $2.5 million Invoice financing: Up to $2 million
Starting Interest Rate	Line of credit: 6.49% Equipment financing: 6.49% Term loan: 9.49% Invoice financing: 6.79%
Estimated APR	Varies
Repayment Term	Line of credit: 6 months to 3 years Equipment financing: 3 to 7 years Term loan: 6 months to 5 years Invoice financing: 1 to 2 years
Repayment Schedule	Varies by loan product
Financing Type	Line of credit, equipment financing, term loan, and invoice financing
Qualifications
Credit Score	Invoice financing: 530 Line of credit: 600
Time in Business	Invoice financing: 3 months Line of credit: 6 months
Annual Revenue	Invoice financing: $120,000 Line of credit: $100,000
Visit Creditfy

Why We Like Creditfy

Many of Creditfy’s qualification requirements are easy to meet. It can work with bad credit scores, low revenue, and startups. Depending on the type of loan you’re getting, you could qualify with a credit score as low as 530, annual revenue of $100,000, or three months’ time in business.

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 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, you can rest assured that you’ll be working with an experienced individual when it comes to matching you with a suitable loan. 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 in as little as 24 to 48 hours.

Lendio: Best for Multiple Long-term Financing Options

Rates & Terms
Application Time	15 minutes
Approval Speed	As fast as 24 to 48 hours
Funding Speed	As fast as 24 hours
Loan Amount	Accounts receivable (A/R) financing: Up to 90% of receivables Term loan: $10,000 to $2 million Cash advance: $5,000 to $200,000 Equipment financing: $5,000 to $5 million
Starting Interest Rate	A/R financing: 3% Term loan: 6% Cash advance: 18% Equipment financing: 7.5%
Estimated APR	Varies by loan product
Origination Fee	Varies
Repayment Term	A/R financing: Up to 1 year Term loan: 2 to 10 years Cash advance: Up to 2 years Equipment financing: 1 to 5 years
Repayment Schedule	Monthly
Financing Type	A/R financing, term loan, cash advance, and equipment financing
Qualifications
Credit Score	Term loan: 680 Equipment financing: 650
Time in Business	Term loan: 2 years Equipment financing: 12 months
Annual Revenue	Term loan: $96,000 Equipment financing: $50,000
Visit Lendio

Why We Like Lendio

Lendio is another broker on our list with over 75 lenders in its network. Like most brokers, you’ll get many of the same benefits, such as having multiple loan options and improved approval odds. However, a key difference with Lendio is the fact that you can get financing for a longer period.

You can get a term loan with a repayment period of up to 10 years. While stretching out payments longer may come at the cost of additional interest charges, it can also result in lower payment amounts to help with your business cash flow.

The broker offers different loan types, each with varying qualification requirements and terms. Loan options include A/R financing, term loans, cash advances, and equipment financing. It also offers SBA loans, startup business loans, and commercial real estate (CRE) loans. To apply, you can complete an online application, a process that should take no more than 15 minutes.

Smarter Finance USA: Best for Business Vehicle & Equipment Financing

Rates & Terms
Application Time	5 minutes
Approval Speed	1 to 2 days
Funding Speed	1 to 4 days
Loan Amount	$10,000 to $1 million
Estimated APR	7% to 20%
Origination Fee	$399 documentation fee
Repayment Term	2 to 5 years
Repayment Schedule	Weekly, monthly, seasonal, and deferred
Financing Type	Equipment financing
Qualifications
Credit Score	None but 600 is recommended
Time in Business	None
Annual Revenue	None
Visit Smarter Finance

Why We Like Smarter Finance USA

If you need financing for a truck or other vehicles for your business, Smarter Finance USA is a good broker to consider. It specializes in this type of financing and has a network of almost 40 lenders to improve your approval odds and match you with the best loan possible.

It also has eligibility criteria that are easy to meet. It has no minimum revenue or time in business requirements, and it also has no minimum credit score requirement, although it stated that scores below 600 can be especially challenging to get approved. With that said, the rate you get will largely be determined by the strength of your business credit and finances, so you’ll need to be well-qualified if you want to get the broker’s best rates.

You can get up to $1 million in financing for a wide variety of equipment and business vehicles. It works with companies in many different industries, including those in healthcare and food service. You can visit the Smarter Finance website to apply or call with any questions. Applications can be completed in under five minutes.

Balboa Capital: Best Overall Provider for Fast Approval & Funding Speeds

Rates & Terms
Application Time	5 minutes
Approval Speed	As fast as 1 business hour
Funding Speed	As fast as same day
Loan Amount	Up to $500,000
Estimated APR	6% to 20%+
Origination Fee	Varies
Repayment Term	Typically 3 months to 5 years
Repayment Schedule	Varies
Financing Type	Term loan, equipment financing, commercial financing, equipment vendor financing, and franchise financing
Qualifications
Credit Score	620
Time in Business	12 months
Annual Revenue	Term loan: $300,000 Equipment financing: $100,000
Visit Balboa Capital

Why We Like Balboa Capital

With Balboa Capital, applications submitted during normal business hours could receive an approval within one hour. If approved, you could also receive funding the very same day. Qualification requirements are flexible, and the provider offers competitive rates. For these reasons, we selected it as the best overall provider for fast funding for businesses.

A major reason this provider can issue funding so quickly is that it can offer a streamlined application-only process for certain loans. For instance, applications for soft collateral up to $350,000 and hard collateral up to $500,000 qualify for reduced documentation.

Balboa Capital offers funding for different business purposes. It issues term loans, equipment financing, commercial financing, equipment vendor financing, and franchise financing. The exact terms and eligibility criteria may vary among these products. Estimated APRs can start around 6% depending on how qualified your company is. To begin the process, you can visit the provider’s website.

Credibly: Best Individual Provider for Multiple Loan Types

Rates & Terms
Application Time	10 minutes
Approval Speed	As fast as 4 hours
Funding Speed	As fast as same day
Loan Amount	Working capital: Up to $400,000 Merchant cash advance: Up to $400,000 Line of credit: Up to $300,000 Equipment financing: $10,000 to $10 million Invoice factoring: Up to $400,000
Starting Interest Rate	Factor rates as low as 1.11x
Estimated APR	Varies by loan product
Origination Fee	Varies by loan product
Repayment Term	Working capital: 6 to 15 months Merchant cash advance: Typically 3 to 15 months
Repayment Schedule	Varies by loan product
Financing Type	Working capital, MCA, line of credit, equipment financing, and invoice factoring
Qualifications
Credit Score	Merchant cash advance: 500 Line of credit: 650
Time in Business	6 months, but 12 months is recommended
Annual Revenue	Working capital: $180,000 Merchant cash advance: $180,000 Line of credit: $240,000
Visit Credibly

Why We Like Credibly

With the exception of the brokers we included in our guide, Credibly has the widest range of loan programs offered. It offers funding for a wide variety of business needs, including working capital (MCAs, lines of credit, equipment financing, and invoice factoring. Specific terms and qualification requirements will vary depending on the financing option you choose.

One thing to note with Credibly is that while it states six months’ time in business is the minimum, companies with one year or more may have a much higher chance of getting approved. However, you should still apply if you meet the minimum eligibility criteria but be aware that you may need to show compensating factors, such as strong business finances or a large number of assets.

Visit the Credibly website to apply or to learn more about its loan programs.

National Funding: Best for Customer Service

Rates & Terms
Application Time	10 to 15 minutes
Approval Speed	As fast as 24 hours
Funding Speed	As fast as 24 hours
Loan Amount	Business loans: $10,000 to $400,000 Equipment financing: Up to $150,000
Starting Interest Rate	Factor rates as low as 1.11x
Estimated APR	Varies
Origination Fee	1% to 3%, but can vary
Repayment Term	Business loans: 4 to 18 months Equipment financing: 24 to 60 months
Repayment Schedule	Business loans: Daily, weekly Equipment financing: Monthly
Financing Type	Term loan, working capital, and equipment financing
Qualifications
Credit Score	600
Time in Business	6 months (2 years for equipment financing)
Annual Revenue	$250,000
Visit National Funding

Why We Like National Funding

Businesses looking for a high level of customer service should consider National Funding, which places a large emphasis on delivering personalized service to its customers. Applying with the provider means you’ll be paired with a loan specialist to learn about your business, which helps it recommend the best type of loan for your needs.

It offers term loans for working capital and equipment financing. You can get up to $400,000 in funding, although you’ll be limited to $150,000 for equipment financing. Rates are charged in the form of a factor rate which starts as low as 1.11x for businesses with excellent credit.

To be considered for financing, you’ll need to have a credit score of at least 600, annual revenue of $250,000, and time in business of six months. Companies that typically get approved are those who have strong finances and are looking for short-term financing only.

You can visit the National Funding website to apply. Applications can be completed within 10 to 15 minutes, and eligible businesses can receive an approval and funding within 24 to 48 hours.

QuickBridge: Best for Easy Documentation Requirements

Rates & Terms
Application Time	10 minutes
Approval Speed	As fast as 24 hours
Funding Speed	As fast as 24 hours
Loan Amount	$10,000 to $400,000
Starting Interest Rate	Factor rates as low as 1.11x
Estimated APR	Varies
Repayment Term	4 to 18 months
Repayment Schedule	Daily and weekly
Financing Type	Term loan
Qualifications
Credit Score	600
Time in Business	6 months
Annual Revenue	$250,000
Visit QuickBridge

Why We Like QuickBridge

If you’re looking for an easy application process with minimal paperwork, QuickBridge is a good option. It offers term loans for a variety of business purposes, with rates, terms, and qualification requirements that are nearly identical to that of National Funding.

A major difference, however, is the fact that National Funding has loan options with a monthly payment schedule, in addition to repayment terms of up to 60 months. QuickBridge only offers daily and weekly repayment options, with loan terms of up to 18 months.

This provider has factor rates as low as 1.11x 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.

Fundbox: Best Line of Credit for Covering Short-term Expenses

Rates & Terms
Application Time	5 minutes
Approval Speed	3 minutes
Funding Speed	24 hours
Loan Amount	Up to $150,000
Starting Interest Rate	4.66%
Estimated APR	10% to 79%
Repayment Term	12 or 24 weeks
Repayment Schedule	Weekly
Financing Type	Line of credit
Qualifications
Credit Score	600
Time in Business	6 months
Annual Revenue	$100,000
Visit Fundbox

Why We Like Fundbox

Fundbox offers a small business line of credit with a short repayment term of just 12 or 24 weeks. Its 12-week repayment option has rates that start at 4.66% while its 24-week loans typically start at 8.99%. With those low starting rates, it’s an excellent option if you do not need to finance for a long period and seek up to $150,000 in funding.

A benefit of getting a line of credit with Fundbox is the ability to also utilize its Flex Pay product. Flex Pay allows your vendors to bill your account while giving you up to three additional business days to pay the balance in full fee-free. Balances not paid within the three-day grace period will be reflected as a draw against your line of credit.

Visit the Fundbox website to apply in under five minutes.

Bluevine: Best Line of Credit for Established Businesses

Rates & Terms
Application Time	5 minutes
Approval Speed	As fast as 5 minutes
Funding Speed	24 hours
Loan Amount	Up to $250,000
Starting Interest Rate	6.2%
Estimated APR	6.2% to 78%
Repayment Term	12 months
Repayment Schedule	Weekly and monthly
Financing Type	Line of credit
Qualifications
Credit Score	625
Time in Business	24 months
Annual Revenue	$480,000
Visit Bluevine

Why We Like Bluevine

With Bluevine, you can get a line of credit up to $250,000 with rates as low as 6.2%. However, it can be difficult for some businesses to get, as the minimum annual revenue requirement is $480,000. Other requirements include a credit score of 625, at least two years’ time in business, and a business checking account, which you can learn about through our Bluevine business checking review.

Bluevine is currently unable to offer financing in Nevada, North Dakota, and South Dakota. Businesses structured as a general partnership or sole proprietorship are also ineligible.

One thing to note is that while Bluevine’s rates typically start as low as 6.2%, 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.

With Bluevine, you can make weekly repayments for up to 12 months. A monthly payment schedule is also available but requires businesses to meet additional requirements. You’ll need to have a credit score of 700, earn $960,000 in annual revenue, and be in business for three years.

How We Chose the Best Quick 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 a fast business loan. Each loan type carries different terms and requirements that make it better suited for certain use cases. Below are common types of fast business loans you can consider:

• 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.
• 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.

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, 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)

How fast can you get a business loan?

How can I get money fast for my business?

Why should I choose an online lender for a fast business loan?

Bottom Line

If you need to get 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. 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.