The best same-day business loans should be able to issue an approval and disburse funds within 24 hours of receiving a completed application. They should also have a combination of excellent customer service, easy qualification requirements, low documentation needs, flexible loan terms, and an easy application process.
Many different types of business loans exist, and the best same-day small business loans depend on your specific needs and goals. To ensure you find one suited to your company’s needs, we’ve selected several lenders.
- QuickBridge: Best overall for simple application process
- National Funding: Best for customer service
- Clarify Capital: Best broker for short-term financing
- SBG Funding: Best custom loan terms for well-qualified businesses
- Bluevine: Best small business line of credit
- Lendio: Best broker for multiple loan options
- Credibly: Best for businesses with bad credit
- Balboa Capital: Best for smaller loan amounts
- Sunwise Capital: Best rates for well-qualified companies
Get a business loan in 24-48 hours. Quick online approval for up to $5 million. |
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Best Same-day Business Loans at a Glance
QuickBridge: Best Overall for a Simple Application Process
Rates and Terms | |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Starting Interest Rate | Factor rates as low as 1.11x |
Estimated APR | Varies |
Loan Amount | Up to $500,000 |
Repayment Term | Up to 16 months |
Repayment Schedule | Daily and weekly |
Financing Type | Term loans and working capital financing |
Qualifications | |
Credit Score | 600 |
Time in Business | 6 months |
Revenue | $250,000 annually |
Why We Like QuickBridge
QuickBridge is our best overall pick due to its fast funding speeds, personalized financing options, and simple application process. While specific documentation requirements can vary based on the complexity of your business, paperwork requirements are often kept to a minimum compared to most major banks.
Unlike many other lenders, working with QuickBridge means you can get funds without the requirement to have a lien placed against your business. Flexible payment options are also available, along with early payoff discounts and the ability to renew funding.
To apply, you can complete QuickBridge’s fast online application. Once that is done, you’ll be paired with a QuickBridge advisor who will work with you to match you with the best loan for your business.
National Funding: Best for Customer Service
Rates and Terms | |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Starting Interest Rate | Factor rates as low as 1.11x |
Estimated APR | Varies |
Loan Amount | $5,000 to $500,000 |
Repayment Term | Up to 16 months |
Repayment Schedule | Daily and weekly |
Financing Type | Term loans |
Qualifications | |
Credit Score | 600 |
Time in Business | 6 months |
Revenue | $250,000 annually |
Why We Like National Funding
National Funding consistently receives high ratings from customers. It has a 4.8 rating on Trustpilot[1] with around 1,900 reviews and an A+ rating with the Better Business Bureau (BBB)[2]. Applications it receives are reviewed on a case-by-case basis, and it provides a high level of personalized service to get you the best financing option to serve your needs.
It offers similar loan products to QuickBridge, but because the exact rates and terms can vary, we recommend considering both providers. Like QuickBridge, National Funding offers early repayment discounts as one way to incentivize short-term loans. For instance, borrowers with a working capital loan can receive a 7% discount on the remaining balance if the loan is paid in full within the first 100 days.
Visit the National Funding website to apply. There, applications can be completed in a matter of minutes, after which you should expect to hear from a funding specialist within several hours. Depending on the details of your loan, it’s possible to get approved in as little as 24 hours.
Clarify Capital: Best Broker for Short-term Financing
Rates & Terms | |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Starting Interest Rate | 6% and up |
Estimated APR | Varies |
Loan Amount | $10,000 to $5 million |
Repayment Term | 6 months to 3 years |
Repayment Schedule | Varies |
Financing Type | Term loan, line of credit, equipment loan, invoice financing, merchant cash advance (MCA) |
Qualifications | |
Credit Score | 500 |
Time in Business | 6 months |
Revenue | $120,000 annually |
Why We Like Clarify Capital
With the best combination of flexible qualification requirements on our list, we selected Clarify Capital as the best pick for businesses seeking short-term financing. It offers different types of loans for fast funding, including business credit lines, invoice financing, equipment loans, and MCAs.
Clarify Capital is a broker with over 75 lenders in its network of lending partners. Working with this company means you’ll be assigned a dedicated loan advisor to match you with the best lender and loan type suited to your needs. It’s also possible to secure financing with no collateral requirements.
Visit the Clarify Capital website to apply online. An initial application can be completed in under two minutes at no cost to you. You’ll also be able to view financing options with no impact on your credit score.
SBG Funding: Best Custom Loans Terms for Well-qualified Businesses
Rates and Terms | |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Starting Interest Rate |
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Estimated APR | Varies |
Loan Amount |
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Repayment Term |
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Repayment Schedule |
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Financing Type | Term loan, line of credit, bridge capital, and invoice financing |
Qualifications | |
Credit Score | 600 (650 for term loans) |
Time in Business | 6 months |
Revenue | $350,000 annually |
Why We Like SBG Funding
SBG Funding is a good option for businesses that can meet its high revenue requirement and have good credit. It boasts a high approval rate of 85%, and although it has a low minimum credit score requirement of 600, businesses with bad credit can find it challenging to get approved without other compensating factors.
SBG Funding offers different types of financing options. These include term loans, credit lines, invoice financing, bridge capital, and more. If you’re not sure which is the best option, you’ll have the ability to work with a loan specialist to get tailored recommendations and approvals for your specific business needs. SBG Funding is also able to work with businesses in several different industries, including retail, HVAC, manufacturing, and cannabis.
If you don’t need fast funding, you can also consider SBG Funding’s other loan products, such as its Small Business Administration (SBA) loans and equipment financing.
To learn more or to apply, visit the SBG Funding website. There, you can complete an online application in under five minutes. Most decisions can be made within 12 hours, and if approved, funds can be deposited as soon as the same day.
Bluevine: Best Small Business Line of Credit
Rates and Terms | |
Approval Speed | As fast as 5 minutes |
Funding Speed | As fast as 24 hours |
Starting Interest Rate | 6.2% |
Estimated APR | 6.2% to 78% |
Loan Amount | Up to $250,000 |
Repayment Term | 6 or 12 months |
Repayment Schedule | Weekly and monthly |
Financing Type | Line of credit |
Qualifications | |
Credit Score | 625 |
Time in Business | 24 months |
Revenue | $480,000 annually |
Why We Like Bluevine
With a Bluevine business line of credit, you can get same-day funding whenever you need. The line of credit provides you with the flexibility to draw funds on an as-needed basis, up to your designated credit limit. As you pay down the loan balance, you can then continue to draw additional funds.
Funds drawn from the credit line can be used for any business purpose. This can include emergencies and unexpected expenses. It was also selected for our list of the best working capital loans as it can be used for payroll and other daily operational costs.
On top of the qualifications listed above, you’ll also need the following to be eligible for financing:
- Be structured as a Corporation or LLC
- Have no bankruptcies within the past three years
- Be in good standing with your Secretary of State
- Operate or be incorporated in a state other than Nevada, North Dakota, or South Dakota
- Not operate in Bluevine’s list of restricted industries
Bluevine’s line of credit is typically issued on a weekly payment plan. If you’re interested in making monthly payments, you must meet the following additional requirements:
- Have a FICO credit score of 700
- Be in business for three years or more
- Earn $960,000 in annual revenue
To learn more or to submit an application, visit the Bluevine website.
Lendio: Best Broker for Multiple Loan Options
Rates and Terms | |
Approval Speed | As fast as 24 hours |
Funding Speed | As fast as 24 hours |
Starting Interest Rate |
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Estimated APR | Varies by loan program |
Loan Amount |
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Repayment Term |
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Repayment Schedule | Varies by loan program |
Financing Type | A/R financing, line of credit, term loan, cash advance, and equipment financing |
Qualifications | |
Credit Score |
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Time in Business |
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Revenue |
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Why We Like Lendio
Lendio is another loan broker in our guide, and it’s a great option if you want to have multiple loan options as it has a network of over 75 different lenders. With this large a network, you can improve your chances of getting approved for a loan and get a financing option with more favorable rates and terms.
Lendio offers a wide range of lending products and can issue funding within 24 hours for accounts receivable financing, a small business line of credit, a business term loan, an MCA, and equipment financing.
If you don’t need funding quickly or have other needs, you can also consider the provider’s other loan products. Lendio can help with short-term loans, SBA loans, commercial mortgage financing, startup loans, business acquisition financing, and business credit cards.
You can visit the Lendio website to learn more about its products or to submit an online application. Applications can be completed in minutes, after which you’ll be contacted by a funding manager to learn about your needs in finding suitable financing options. Once approved, you can get funding in as little as 24 hours.
Credibly: Best for Businesses With Bad Credit
Rates and Terms | |
Approval Speed | Less than 4 hours |
Funding Speed | As fast as same day |
Starting Interest Rate | Factor rates as low as 1.11x |
Estimated APR | Varies |
Loan Amount | Up to $600,000 |
Repayment Term | Varies |
Repayment Schedule | Varies |
Financing Type | Working capital, merchant cash advance MCA) line of credit, equipment financing, and invoice factoring |
Qualifications | |
Credit Score | 500 |
Time in Business | 6 months |
Revenue | $180,000 annually |
Why We Like Credibly
While many other lenders may also have low credit score requirements, Credibly has a better ability to focus on other factors to get you approved with bad credit. In addition, it offers many different types of loans, including working capital loans, MCAs, long-term loans, business credit lines, equipment financing, invoice factoring, and more. It also states it can work with over 300 different industries, including:
- Food and service
- Liquor stores
- Healthcare
- Gas stations
- Auto repair
- Beauty salons
- Grocery stores
- Hotels and motels
When you work with Credibly, you’ll be able to work with a team of knowledgeable and experienced specialists dedicated to getting you the best financing option. Credibly has provided funding for over 30,000 businesses and over $2 billion in loans to date. It also retains 100% of its finance experts in the U.S. and has maintained a 4.8 out of 5-star rating on Trustpilot[3].
To learn more or to submit an application, you can visit the Credibly website. There, you can get pre-qualified online in just a matter of minutes as well as have the option to speak with a loan advisor. Qualified businesses can get approvals in as little as four hours, and funding can be disbursed the same day to your bank account.
Balboa Capital: Best for Smaller Loan Amounts
Rates and Terms | |
Approval Speed | As fast as 1 hour |
Funding Speed | As fast as same-day |
Starting Interest Rate | 6% to 20% |
Estimated APR | 6% to 20%-plus |
Loan Amount | Up to $500,000 |
Repayment Term | Up to 5 years |
Repayment Schedule | Monthly |
Financing Type | Term loan, equipment financing, commercial financing, franchise financing, and equipment vendor financing |
Qualifications | |
Credit Score | 620 |
Time in Business | 12 months |
Revenue | $300,000 annually ($100,000 for equipment loans) |
Why We Like Balboa Capital
With Balboa Capital, applications for smaller loan amounts can qualify for a streamlined, reduced documentation process. This can allow for approvals to be issued within one business hour, in addition to same-day funding.
Balboa Capital offers different types of loan programs, including equipment financing, term loans, commercial financing, and franchise financing. The specific requirements to qualify for the streamlined process will vary for each program.
For example, equipment financing for hard collateral up to $500,000 or soft collateral up to $350,000 can qualify for the application-only method. Franchise financing, on the other hand, is limited to $350,000 for businesses that want to go through the reduced documentation process.
To get the process started, you can submit a short online questionnaire from the Balboa Capital website. This allows you to then receive a callback from the company with a free quote, and to discuss further steps if you wish to proceed.
Sunwise Capital: Best Rates for Well-qualified Companies
Rates and Terms | |
Approval Speed | As fast as several minutes |
Funding Speed | As fast as same day |
Starting Interest Rate | 4.8% |
Estimated APR | 4.8% |
Loan Amount | $10,000 to $2 million |
Repayment Term | 6 to 24 months |
Repayment Schedule | Daily, weekly, and monthly |
Financing Type | Term loan, MCA, line of credit, and equipment financing |
Qualifications | |
Credit Score | 500 |
Time in Business | 12 months |
Revenue | $180,000 annually |
Why We Like Sunwise Capital
While Sunwise Capital has low credit score requirements and can work with newer companies, those with strong credit and finances can get some of the most competitive rates in our guide. In fact, Sunwise Capital has a Best Price Guarantee, which states that it will pay you $500 if it cannot beat the rate you get elsewhere.
To get the best rates, we recommend having a credit score of 720, two years in business, and $20,000 in monthly revenue. Loans that can be funded quickly by Sunwise Capital include MCAs, invoice factoring, equipment financing, term loans, credit lines, and unsecured loans.
Visit the Sunwise Capital website to apply. Applications can be completed in under five minutes, and there is no cost or obligation to accept any offer you may be approved for. Depending on the details of your application, it’s possible to get approved within minutes and funded within the same day.
How We Chose the Best Same-day Small Business Loans
The best same-day business loans were chosen using the following criteria:
- Application, approval, and funding speeds
- Interest rates, fees, and estimated APRs
- Qualification requirements
- Amount of documentation required for loan approval
- Loan terms, including loan amount and repayment period
- Number and types of loan programs offered
- Customer reviews and ratings
Pros & Cons of Same-day Business Loans
PROS | CONS |
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Offer quick access to funds | Tend to come with higher rates and fees |
Have an easy application process with low documentation requirements | Have a higher cost, which can impact your business cash flow negatively |
Have easy qualification requirements | Can impact credit scores negatively if you have less cash on hand to pay other debt |
Alternatives to Same-day Business Loans
One of the tradeoffs of a same-day business loan is the fact that rates and fees tend to be higher. If you are looking for a more cost-effective solution or are having difficulty getting approved for a loan, consider the following alternatives:
- Small business credit card: Although credit cards generally have a higher interest rate between 20% and 30%, some issuers may offer an introductory rate as low as 0% for new cardholders. If you do see a similar offer, be aware that you may need to wait between 7 and 10 business days to receive the physical card in the mail for use. Check out our picks for the best small business credit cards.
- Personal loan for business: If you’re unable to get approved for a business loan, a personal loan can be a good option to consider if you have excellent personal credit. Many providers on our list of the leading personal loans for business use can also issue funding within 24 to 48 hours.
- Funds from friends and family: If all else fails and you’re unable to get either a personal or business loan from a bank, you can consider asking friends and family for funding. This can also be used as a temporary bridge loan to be paid off when you get a more permanent source of funding elsewhere. We walk you through how to do this in our guide on raising money from family and friends to fund your business.
Check out our tips on improving your approval odds in our article on how to get a small business loan.
Frequently Asked Questions (FAQs)
Funds from a same-day business loan can typically be used for nearly any business-related purpose. However, these loans often carry higher interest rates and short repayment terms.
A same-day business loan may be a good choice if the benefits outweigh the costs. Consider why you need funds so quickly and what would happen if you were to wait for funding on a traditional loan that may carry more competitive rates and terms.
Same-day business loans are issued by many types of lenders. Some examples include credit unions, banks, business loan brokers, and online lenders. If you need funds quickly, we also recommend confirming with the lender what their typical approval and funding times are.
Bottom Line
The picks in our guide offer several loan options for same-day funding. Loan types include term loans, working capital loans, lines of credit, equipment financing, and more. You’ll find that these lenders have a wide range of qualification requirements, but you should be aware that the fast approval and funding speeds will come at the cost of higher rates when compared to other financing options.
[1]Trustpilot | National Funding
[2]BBB | National Funding
[3]Trustpilot | Credibly