How much do you need?
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 10 fast business loans
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
Headway Capital - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Fast business loans for working capital | $100,000 | 625 | with Fundera by NerdWallet |
Bluevine - Line of credit with Fundera by NerdWallet | 5.0/5 Best for Fast business lines of credit | $250,000 | 625 | with Fundera by NerdWallet |
Fundbox - Line of credit | 5.0/5 Best for Fast business loans for startups | $150,000 | 600 | |
American Express® Business Line of Credit | 5.0/5 Best for Fast business loans for American Express customers | $250,000 | 660 | |
OnDeck - Online term loan with Fundera by NerdWallet | 5.0/5 Best for Fast short-term business loans | $250,000 | 625 | with Fundera by NerdWallet |
Fora Financial - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Fast business loans for bad credit | $1,500,000 | 570 | with Fundera by NerdWallet |
AltLINE - Invoice Factoring | 4.5/5 Best for Fast invoice factoring | $10,000,000 | 300 | |
Funding Circle - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Fast secured business loans | $500,000 | 660 | with Fundera by NerdWallet |
National Funding - Online Term Loan with Fundera by NerdWallet | 4.0/5 Best for Fast unsecured business loans | $500,000 | 600 | with Fundera by NerdWallet |
Triton Capital - Equipment financing with Fundera by NerdWallet | 4.0/5 Best for Fast equipment loans | $250,000 | 575 | with Fundera by NerdWallet |
Here are 10 fast business loans
Best for Fast business loans for working capital
Best for Fast business lines of credit
Best for Fast business loans for startups
Max Amount
$150,000
Min. Credit Score
600
Best for Fast business loans for American Express customers
Max Amount
$250,000
Min. Credit Score
660
Best for Fast short-term business loans
Best for Fast business loans for bad credit
Best for Fast invoice factoring
Max Amount
$10,000,000
Min. Credit Score
300
Best for Fast secured business loans
Best for Fast unsecured business loans
Best for Fast equipment loans
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Our pick for
Fast business loans for working capital
Headway Capital can provide funding within one business day of approval. This line of credit is a good option for business owners in need of working capital.
Headway Capital - Line of credit
with Fundera by NerdWallet
Max loan
$100,000
Min. Credit score
625
Apr range
35.00-80.00%
with Fundera by NerdWallet
Our pick for
Fast business lines of credit
Bluevine offers a flexible line of credit in amounts up to $250,000. You can receive funds in as little as 24 hours — or as quickly as the same day, for an added fee.
Bluevine - Line of credit
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
625
Apr range
20.00-50.00%
with Fundera by NerdWallet
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
Max loan
$150,000
Min. Credit score
600
Apr range
36.00-99.00%
Our pick for
Fast business loans for American Express customers
American Express offers faster access to cash compared with traditional lenders. Existing customers can use their accounts to find out if they prequalify for this business credit line.
American Express® Business Line of Credit
Max loan
$250,000
Min. Credit score
660
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
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
625
Apr range
27.20-99.90%
with Fundera by NerdWallet
Our pick for
Fast business loans for bad credit
Fora Financial can approve applications within 4 hours and provide funding just 72 hours later. You may be able to qualify for a loan with a minimum credit score of 570.
Fora Financial - Online term loan
with Fundera by NerdWallet
Max loan
$1,500,000
Min. Credit score
570
with Fundera by NerdWallet
Our pick for
Fast invoice factoring
AltLINE offers invoice factoring with competitive rates and flexible qualification requirements. Funding can be available within 24 to 48 hours.
AltLINE - Invoice Factoring
Max loan
$10,000,000
Min. Credit score
300
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 two days.
Funding Circle - Online term loan
with Fundera by NerdWallet
Max loan
$500,000
Min. Credit score
660
Apr range
15.22-45.00%
with Fundera by NerdWallet
Our pick for
Fast unsecured business loans
National Funding doesn’t require you to put up physical collateral to secure your loan. You can receive a decision and access funds in as little as 24 hours.
National Funding - Online Term Loan
with Fundera by NerdWallet
Max loan
$500,000
Min. Credit score
600
with Fundera by NerdWallet
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
$250,000
Min. Credit score
575
Apr range
5.99-34.99%
with Fundera by NerdWallet
What is a fast business loan?
Types of fast business loans
Online term loans
Business lines of credit
Invoice financing or factoring
Equipment financing
Merchant cash advances
Pros and cons of fast business loans
Access to capital within a few business days.
Variety of loan types to choose from.
Streamlined application processes; typically minimal documentation required.
Startups and borrowers with bad credit may qualify.
Interest rates are often higher than other options.
Tend to have shorter repayment terms and smaller funding maximums.
May require more frequent payments (weekly or daily).
When to get a fast business loan
You need to pay for immediate expenses
You can’t qualify for other types of financing
How to get a fast business loan
1. Understand your financing needs
2. Evaluate your qualifications
3. Research and compare lenders
🤓 Nerdy Tip
Although there are many reputable online lenders on the market, predatory lenders may try to take advantage of borrowers who are looking for fast business loans. Be wary of any lenders that try to push you too quickly through the loan process without showing loan terms and rates upfront. These types of lenders may also try to make promises like guaranteed approval or business loans with no credit check.4. Complete and submit your loan application
- Basic information about you and your business.
- Business and personal bank statements.
- Business and personal tax returns.
- Business financial statements.
5. Review your options and get funds
Alternatives to fast business loans
- Bank business loans. The best loan for your business is typically the one with the most competitive interest rates and repayment terms. If you can meet the strict requirements to qualify for a business bank loan, these will likely be your most affordable option — and may be worth the longer funding process.
- SBA loans. Like bank loans, SBA loans offer long repayment terms and competitive interest rates. Although you’ll need good credit and finances to qualify, it can be slightly easier to get an SBA loan compared to a bank loan. The funding process, however, may take anywhere from 30 to 90 days. Working with an SBA preferred lender or opting for an SBA Express loan can help expedite the process.
- Microloans. These small dollar loans are available in amounts up to $50,000 and issued by nonprofit and community-based lenders. Microloans are often designed to provide financing to borrowers in underserved communities. Although these loans may be slower to fund than online options, they can be a good choice for businesses that can’t qualify for bank or SBA funding.
- Business credit cards. Business credit cards can help you cover everyday expenses and allow you to earn rewards on your spending. You can usually apply for and get approved for a business credit card quickly — and qualifications are largely based on your personal credit history. Like a personal credit card, you’ll want to make sure you pay the balance on your business credit card each month, or you’ll be subject to fairly high interest rates.
Find the right business loan
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.