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Fast Business Loans: Best Lenders for Quick Cash

Online lenders provide fast business loans for immediate needs or a business opportunity. Compare your options.
Written by Steve Nicastro
Edited by Kimberly Lowe
Last updated on April 29, 2021

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Maybe a major piece of equipment at your store has failed or your pipes burst. Perhaps you don’t want to miss out on a business opportunity. Sometimes your small business needs funding in a matter of days, not weeks or months.
You need a fast business loan, which probably means you’re willing to pay more for the speed and convenience that online lenders offer but banks often don't.
Business loans from banks are great for keeping loan costs down, but the long application and underwriting process means it can take months to get your money. Below, we compare some of the best online business loans for fast cash.

How much do you need?

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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 4 fast business loans options for you

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Lender
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Max loan amount
Min. credit score
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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

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Best for Fast business loans for an opportunity$250,000600

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Fundbox - Line of credit

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Best for Fast business loans for startups$150,000600

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Credibility Capital - Online term loan

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Best for Fast business loans for lower rates$500,000650

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Our pick for

Fast business loans for working capital

Read Review

on Kabbage's website

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 business loans for an opportunity

Read Review

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OnDeck - Online term loan

Read Review

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Max Loan Amount

$250,000

Min. Credit Score

600

Est. APR

9.00-99.00%

Depending on your creditworthiness and your business's financials

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 business loans for startups

Read Review

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Fundbox - Line of credit

Read Review

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Max Loan Amount

$150,000

Min. Credit Score

600

Est. APR

10.10-79.80%

Depending on your creditworthiness and your business's financials

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 lower rates

Read Review

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Credibility Capital - Online term loan

Read Review

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Max Loan Amount

$500,000

Min. Credit Score

650

Est. APR

6.99-24.99%

Depending on your creditworthiness and your business's financials

Credibility Capital offers low-cost business loans that work best for small-business owners with strong credit.

How Much Do You Need?

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Fast business loans for immediate needs

For newer businesses or those with recurring expenses

Business credit cards offer fast, flexible financing. They offer higher limits than personal cards, and they come with rewards such as cash back and travel miles for business and general expenses. They also come with the added potential bonus of helping you build up your business credit score.
Business credit cards typically have annual percentage rates ranging from 12% to 22% (plus other fees like annual fees, late fees and cash advance fees), though if you don’t carry a balance month to month, you won’t get hit with interest charges.

For businesses that need working capital

Kabbage offers quick business lines of credit that can be used to manage cash flow and cover short-term expenses. Credit lines are available up to $250,000 with terms of six, 12 or 18 months.
To qualify, you'll need at least one year in business, a credit score of 640 or higher and a minimum monthly revenue of $3,000.
For startups — with at least six months in business — that need cash as fast as possible
Fundbox provides fast cash to deal with immediate needs, such as meeting payroll, buying inventory or fixing broken equipment.
Fundbox's line of credit is an option for financing up to $150,000. Funding is as fast as the next business day. You’ll need a minimum of $100,000 in revenue, a FICO score of 600 or higher and six months in business to qualify. APRs start around 10%.

Fast business loans for an opportunity

For businesses that are at least a year old

OnDeck provides quick business loans to finance growth opportunities, such as launching a marketing campaign or buying new equipment.
OnDeck’s funding turnaround can be as fast as a single day, though more often it takes several days. To qualify, you need at least a 600 credit score, a year in business and $100,000 in annual revenue. OnDeck requires daily or weekly repayments on its term loans, so your business would need steady cash flow to handle the repayment frequency.

If you have a strong business and want lower rates

Credibility Capital offers term loans that come with lower rates than OnDeck. However, the lender has stricter qualifications and it may take a little bit longer to get funded.
The lender is also currently unavailable to borrowers in Nevada, North Dakota, South Dakota, and Vermont.

Compare small-business loans

NerdWallet has come up with a list of the best small-business loans to meet your needs and goals. We gauged lender trustworthiness and user experience, among other factors, and arranged lenders by categories that include your revenue and how long you’ve been in business.
Last updated on April 29, 2021

To recap our selections...

Fast Business Loans: Best Lenders for Quick Cash