Skip to content

Best Fast Business Loans for Quick Cash

Fast business loans can be available from online lenders in just 24 hours. Interest rates are higher than bank or SBA loans, however.
Written by Randa Kriss
Edited by Sally Lauckner
Last updated on September 23, 2022

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Some business loans are quicker to fund than others. And although there may not be a standard definition for the term “fast business loan,” these loans are usually available from online lenders, who offer streamlined applications and funding within one to three business days.
Speed and convenience come at a cost, however. These small-business loans typically have higher interest rates and shorter repayment terms compared to more traditional financing options, like bank or SBA loans.
Nevertheless, quick business loans can be a good option for covering emergency expenses or taking advantage of a new growth opportunity.
Below, compare our picks for the best fast business loans and find more information to help you choose the right funding for your needs.

How much do you need?

with Fundera by NerdWallet

We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

Here are 7 fast business loan options

Sort by

Make selection

Lender
Best for
Max loan amount
Min. credit score
Next steps

Kabbage - Line of credit

on Kabbage's website

Best for Fast business loans for working capital$250,000640

on Kabbage's website

OnDeck - Online term loan

with Fundera by NerdWallet

Best for Fast short-term business loans$250,000625

with Fundera by NerdWallet

Bluevine - Line of credit

with Fundera by NerdWallet

Best for Fast unsecured business loans$250,000625

with Fundera by NerdWallet

Fundbox - Line of credit

with Fundera by NerdWallet

Best for Fast business loans for startups$150,000600

with Fundera by NerdWallet

Fora Financial - Online term loan

with Fundera by NerdWallet

Best for Fast business loans for bad credit$750,000550

with Fundera by NerdWallet

Funding Circle - Online term loan

with Fundera by NerdWallet

Best for Fast secured business loans$500,000660

with Fundera by NerdWallet

Triton Capital - Equipment financing

with Fundera by NerdWallet

Best for Fast equipment loans$250,000600

with Fundera by NerdWallet

Here are 7 fast business loan options

Best for Fast business loans for working capital

Kabbage

Max Amount

$250,000

Min. Credit Score

640

Best for Fast short-term business loans

OnDeck

Max Amount

$250,000

Min. Credit Score

625

Best for Fast unsecured business loans

Bluevine

Max Amount

$250,000

Min. Credit Score

625

Best for Fast business loans for startups

Fundbox

Max Amount

$150,000

Min. Credit Score

600

Best for Fast business loans for bad credit

Fora Financial

Max Amount

$750,000

Min. Credit Score

550

Best for Fast secured business loans

Funding Circle

Max Amount

$500,000

Min. Credit Score

660

Best for Fast equipment loans

Triton Capital

Max Amount

$250,000

Min. Credit Score

600

Our pick for

Fast business loans for working capital

Kabbage offers faster access to cash compared to traditional lenders. These lines of credit are a good option for business owners in need of working capital.

Kabbage - Line of credit

Read Review

on Kabbage's website

Max Loan Amount
$250,000
Min. credit score
640
Kabbage loans are a good option for business owners with fair credit who want quick access to working capital.

Our pick for

Fast short-term business loans

OnDeck provides business loans with terms up to 24 months. You can apply for a loan in minutes and may be able to receive same-day funding.

OnDeck - Online term loan

Read Review

with Fundera by NerdWallet

Max Loan Amount
$250,000
Min. credit score
625
Est. APR
29.90-97.30%
OnDeck offers a fast term loan for small-business owners with less-than-stellar credit who want to expand.
May fund quickly

Our pick for

Fast unsecured business loans

Bluevine does not require you to put up physical collateral to secure your line of credit. You can receive funds as quickly as the same day you apply.

Bluevine - Line of credit

Read Review

with Fundera by NerdWallet

Max Loan Amount
$250,000
Min. credit score
625
Est. APR
15.00-78.00%
Bluevine's line of credit provides fast working capital for short-term borrowing needs.
May fund quickly

Our pick for

Fast business loans for startups

You may be able to qualify for a Fundbox line of credit with a minimum of six months in business. Fundbox can provide funding as soon as the next business day after approval.

Fundbox - Line of credit

Read Review

with Fundera by NerdWallet

Max Loan Amount
$150,000
Min. credit score
600
Est. APR
10.10-79.80%
Fundbox offers a business line of credit to fill a cash-flow gap, and qualifying is easier than with other lenders.
May fund quickly

Our pick for

Fast business loans for bad credit

Fora Financial can approve applications within 24 hours and provide funding just 72 hours later. You may be able to qualify for a loan with a minimum credit score of 575.

Fora Financial - Online term loan

Read Review

with Fundera by NerdWallet

Max Loan Amount
$750,000
Min. credit score
550
Fora Financial can be a good fit for borrowers who may fall short of qualifying for traditional bank financing, or young but established small businesses looking for speedy financing.

Our pick for

Fast secured business loans

Many term loans from Funding Circle will require some type of collateral. The lender offers approval and funding as fast as three days.

Funding Circle - Online term loan

Read Review

with Fundera by NerdWallet

Max Loan Amount
$500,000
Min. credit score
660
Est. APR
10.64-31.85%
Funding Circle is an option for established businesses that are financing an expansion or refinancing debt.
May fund quickly

Our pick for

Fast equipment loans

Triton Capital can finance new and used equipment for businesses in a variety of industries. Typically, loans are approved within a few hours and funding is available within one to two business days.

Triton Capital - Equipment financing

with Fundera by NerdWallet

Max Loan Amount
$250,000
Min. credit score
600
Est. APR
5.99-25.00%
Triton Capital offers fast equipment loans up to $250,000 for businesses in a range of industries.

How Much Do You Need?

with Fundera by NerdWallet

What is a fast business loan?

A fast business loan is typically a type of financing that can be funded within one to three business days. These loans are usually issued by online lenders, who offer simple, streamlined application processes.
Fast business loans tend to have flexible qualification requirements and may be available to startups or borrowers with bad credit.
Although there is no definitive standard of what makes a loan fast, these types of business loans generally offer the speed and convenience that can be lacking from more traditional financing, such as bank and SBA loans.
Common quick business loans include short-term loans, lines of credit, invoice financing, equipment financing and merchant cash advances.

When to get a fast business loan

  • You need to pay for immediate expenses. If you need to cover emergency costs, fill a cash flow gap or take advantage of an unexpected opportunity, these business loans will be able to get you the capital you need — fast. Some quick business loans can offer funding in as little as 24 hours. In these types of situations, you may be willing to pay a little more for fast access to the money you need.
  • You can’t qualify for other types of financing. If you can’t qualify for a bank or SBA loan, a fast business loan from an online lender may be a good option. Online lenders tend to have more flexible qualification requirements — and although interest rates are typically higher than conventional business loans, you’ll have a variety of options to compare and choose from. Plus, whereas bank and SBA loans can take anywhere from weeks to months to fund, you’ll be able to apply and receive funding in just a few days.

When to consider alternatives

  • You can qualify for an SBA or bank loan. The best loan for your business is typically the one with the most competitive interest rates and repayment terms. If you can qualify for a bank or SBA loan, these loans will likely be your most affordable option — and may be worth the longer funding process.
  • You can wait a little longer for financing. Speed can be useful when it comes to business financing, but it often results in higher interest rates. If you don’t need a same-day business loan and can wait a little longer for capital, you may be able to find options with better rates and terms.

How to choose the right fast business loan

The best loan for your small business will ultimately depend on your specific funding needs and your business’s qualifications.
However, if speed is a priority in your search, here are some things to keep in mind when looking for a fast business loan.

Understand your financing needs

You’ll want to determine how much capital you need, what you’re going to use it for and what type of loan is the best option. Based on how you’re going to use your funds, you should figure out exactly how quickly you need access to financing.
Fast business loans tend to have shorter repayment terms and higher interest rates, so it’s also important to calculate how much debt you can afford.

Evaluate your qualifications

You should review standard business loan requirements — personal credit score, time in business and annual revenue — so you know where you stand before applying.
Online lenders typically have flexible eligibility criteria and may be willing to work with you even if you’re a new business or have a rocky credit history. These lenders don’t usually ask for collateral, although they likely will require a personal guarantee or take a lien out on your business assets.

Research and compare lenders

You’ll want to research several lenders in order to find the right option for your business. Ideally, you should find a lender that can provide the funding you need, support your timeline and offer competitive business loan rates.
As you compare your choices, you should consider factors such as available loan types, interest rates, fees and repayment terms. You’ll also want to think about the lender’s application process, funding speed and customer support.
Be wary of any lenders that try to push you too quickly through the loan process without showing loan terms and rates upfront.
Although there are many reputable online lenders on the market, predatory lenders may try to advantage of borrowers who are looking for fast business loans. These types of lenders may also try to make promises like guaranteed approval or business loans with no credit check.

Review your options

It’s important to compare multiple loan offers to make sure you’re getting the best deal for your business. You should not only consider speed, but also interest rates, repayment terms and fees.
Once you’ve made a decision, you should review your business loan agreement thoroughly. You’ll want to make sure that the rates, terms and fees are clearly outlined — and if you have any questions you should ask your lender to clarify.

Find the right business loan

The best business loan is generally the one with the lowest rates and most ideal terms. But other factors — like time to fund and your business’s qualifications — can help determine which option you should choose. NerdWallet recommends comparing small-business loans to find the right fit for your business.
Last updated on September 23, 2022

Frequently Asked Questions