Fast Business Loans

Is speed your top priority? Get a funded in as little as 1 business day.

APPLY NOW

Overview of Fast Business Loans

Businesses that are growing rapidly don't have the luxury of being able to wait several weeks or months to get a loan. We can help you get financing of up to $500,000 in as little as 1 business day. The application process is fully electronic, and paperwork is minimal. Fast business loans are typically short term loans that are paid back in 2 years or less.

Get a Fast Business Loan

free-guideFree Guide To
Small Business Financing

How Fast Business Loans Work

Fast business loans are designed to meet short-term working capital needs that arise suddenly or unexpectedly. Maybe you receive a larger-than-expected order and need money right away to purchase additional supplies. Maybe you find yourself falling short on payroll and need money in a jiffy. With a quick approval loan, you can get the money you need in as little as 1 business day.

Fast business loans come in different shapes and sizes. Some are short-term loans based on credit score and business revenues, and these are typically available to businesses over 1 year old. Businesses can also get money in exchange for unpaid invoices. Still other loans are designed for merchants that process payments on particular platforms, such as PayPal or Square.

All of these loans share one thing in common: they’re fast! They have streamlined electronic applications, so you can apply online with minimal paperwork. Within minutes of submitting the application, you can find out if you are approved for a loan. If you are approved, you can get your money in as little as 1 business day.

You can borrow between $100 and $500,000 with a fast business loan. These loans are for a shorter term than traditional loans and are normally paid back in less than 3 years. In most cases, quick approval loans don’t have stringent credit score requirements - people with a credit score over 500 can usually qualify.

The downside to quick approval loans is their cost. These loans charge a premium because of the speed and convenience that they offer.

Will I Qualify for a Fast Business Loan?

The requirements for a fast business loan vary.

Sometimes, no credit check is required. If a credit check is necessary, most borrowers with a personal credit score of at least 550 are eligible. Check your credit score for free here.

Revenues under $100k? Apply for up to $100k with Kabbage.

Revenues over $100k? Apply for up to $500k with OnDeck.

Invoice B2B customers? Apply for a line of credit with BlueVine.

Startups are eligible for certain types of fast business loans but typically won't be able to borrow very much. For larger amounts of capital, you should have at least 1 year in business and $2,500 in monthly business revenues.

Cost of Fast Business Loans

The annual percentage rate (APR) on a fast business loan varies from about 20-80 %. The stronger your credit profile, the longer you've been in business, and the higher your business revenues, the better rate you will qualify for.

The Details:


max-loan-amountMaximum Loan Amount
$250K


loan-termLoan Term
Less than 2 years


interest-ratesInterest Rates
20-80 %


speedSpeed
As fast as 1 business day.


line-of-creditDown Payment
Typically not required.


line-of-creditCollateral
No, but a lien may be placed on your business assets.


line-of-creditPersonal Guarantee?
Sometimes.

Have a question?

Pros


small business loansQuick way to get funding - get money in as little as 1 business day

small business loans

Some quick approval loans are open to startups and borrowers with low credit scores

small business loans

Fulfills short term working capital needs

Cons


small business loansFast business loans typically have high interest rates

small business loans

Smaller amounts of capital

 

 

How to Apply

how-to-apply1Answer Simple Questions
thin-line
how-to-apply2

 

Browse Your Loan Options
thin-line
how-to-apply3

Get Funded in Record Time

APPLY NOW

Additional Resources

Fast Business Loans: Where To Get Money Today

Bad Credit Business Loans: Where to Get One

Startup Business Loans: The 9 Best Options

Fields marked with an * are required

See Your Best Financing Option

(It won't affect your credit score)

Marc Waring Ventures, LLC BBB Business Review

Success Stories

3 Business Financing Lessons from Steve Jobs and Other Famous Founders

Finding funding for a small business can be daunting. A Google search for “small business loan” brings up 180 million results! In part, this is because the last few years have seen a surge in business financing options. Nonetheless, some approaches stand the test of time. Here are 3 lessons you can learn from how […] Read More