Best Same-Day Business Loans for 2025
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If you’re looking for fast access to capital, same-day business loans can offer funding within hours. But these small-business loans tend to be expensive — they have higher interest rates and more frequent payments compared to bank or SBA loans. You should shop around to get the most competitive rates and terms and make sure your business can afford any potential debt.
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The best business loans with same-day funding
| Product | Max loan amount | Min. credit score | Learn more |
|---|---|---|---|
 Giggle Finance - Merchant cash advance Apply now with Fundera by NerdWallet | $10,000 | 300 | Apply now with Fundera by NerdWallet |
 Bluevine - Line of credit NerdWallet Rating Apply now with Fundera by NerdWallet | $250,000 | 625 | Apply now with Fundera by NerdWallet |
 Rapid Finance - Merchant cash advance Apply now with Fundera by NerdWallet | $500,000 | 600 | Apply now with Fundera by NerdWallet |
 Backd - Line of credit NerdWallet Rating Apply now with Fundera by NerdWallet | $750,000 | 600 | Apply now with Fundera by NerdWallet |
 OnDeck - Online term loan NerdWallet Rating Apply now with Fundera by NerdWallet | $250,000 | 625 | Apply now with Fundera by NerdWallet |
 National Funding - Online term loan NerdWallet Rating Apply now with Fundera by NerdWallet | $500,000 | 600 | Apply now with Fundera by NerdWallet |
 Kapitus - Term loan NerdWallet Rating Apply now with Fundera by NerdWallet | $750,000 | 625 | Apply now with Fundera by NerdWallet |
 JR Capital - Equipment financing NerdWallet Rating Apply now with Fundera by NerdWallet | $10,000,000 | 620 | Apply now with Fundera by NerdWallet |
A closer look at our top same-day business loan picks
Giggle Finance
Funding speed: Within minutes.
Giggle Finance - Merchant cash advance
$10,000
Key facts
Estimated APR: Factor rates range from 1.15 to 1.52.
Loan amount: Up to $10000.
Editorial take
Giggle Finance is an online lender that provides small loans up to $10000 that are tailored for freelancers, contractors or other self-employed individuals. Its process is automated through the app, meaning you can access funding at any time of day, and applications only take about eight minutes to complete. As part of the process, you'll be asked to sync your application to your bank account, which allows Giggle to wire you money immediately upon approval.
Giggle offers merchant cash advances, which can be costly; however, it allows you to repay your advance at your own pace. There are no prepayment penalties.
Bluevine
Funding speed: Within a few hours.
Bluevine - Line of credit
$250,000
Key facts
Estimated APR: 14% to 48%.
Loan amount: $5000 to $250000.
Repayment term: 6 months.
Editorial take
If you have a Bluevine business checking account, you can access your approved draws instantly. If your draws are going to an external checking account, funds are made available as quickly as the next business day — or faster, if you pay for a $15 expedited wire transfer.
To qualify for Bluevine’s 6-month-term line of credit — which requires weekly payments — you must have been in business for at least 12 months and have $120000 in annual revenue.
Rapid Finance
Funding speed: Within 24 hours.
Rapid Finance - Merchant cash advance
$500,000
with Fundera by NerdWallet
Key facts
Estimated APR: Factor rates ranging from 1.12 to 1.50.
Loan amount: $5000 to $500000.
Repayment terms: Between 3 and 18 months.
Editorial take
Rapid Finance is an MCA company with factor rates starting at 1.2. There are no origination, prepayment penalty or other fees. It can provide funding in as little as 24 hours.
That said, like with other MCAs, it’s best to exhaust other options before turning to Rapid Finance.
Backd
Funding speed: Within 24 hours.
Backd - Line of credit
$750,000
with Fundera by NerdWallet
Key facts
Estimated APR: 42.08% to 63.17%.
Loan amount: $10000 to $750000.
Repayment terms: 6 to 12 months.
Editorial take
Backd is an online lender that offers both lines of credit as well as merchant cash advances. At $750000, the lender’s line of credit maximum is significantly higher than many online lenders offering a similar product. Backd can approve applications the same day and disburse funds in less than 24 hours, making it a strong option for a same-day business loan.
OnDeck
Funding speed: The same day as approval on term loans up to $100,000 (in certain states).
OnDeck - Online term loan
$250,000
Key facts
Estimated APR: 27.2 % to 99.90%.
Loan amount: $5000 to $250000.
Repayment terms: 18 or 24 months.
Editorial take
If you are approved for a loan and are able to “checkout” before 10 a.m. ET, OnDeck can deposit funds by 5 p.m. ET the same day. But same-day funding is only available in certain states and on term loans up to $100,000. OnDeck’s loans are offered in amounts ranging from $5000 to $250000, with a maximum loan term of 24 months, making it a good option for businesses looking for a lump sum to repay relatively quickly.
National Funding
Funding speed: Within 24 hours.
National Funding - Online term loan
$500,000
Key facts
Estimated APR: Factor rates start at 1.10.
Loan amount: $5000 to $500000.
Repayment terms: 4 to 24 months.
Editorial take
National Funding’s online term loan doesn’t require physical collateral or a down payment, and you can qualify with only 6 months in business and a 600 credit score. Things can move quickly on its end — National Funding can process and fund an application within 24 hours depending on when it gets the required documents and the bank accepting the funds.
Repayment terms for its short-term loans range between 4 and 24 months, and payments occur either daily or weekly. It does offer discounts if you’re able to repay your loan early.
Kapitus
Funding speed: Within a day.
Kapitus - Term loan
$750,000
with Fundera by NerdWallet
Key facts
Estimated APR: Factor rates ranging from 1.10 to 1.45.
Loan amount: $10000 to $750,000.
Repayment terms: 6 to 24 months.
Editorial take
Kapitus is an online lender that can provide loans up to $750,000 as quickly as one day after you sign a loan agreement, with a decision coming in as little as four hours. The qualification requirements are geared toward fairly established businesses. Kapitus does allow daily, weekly or monthly payments based on what’s best for your business.
JR Capital
Funding speed: Same day as approval for non-titled deals.
JR Capital - Equipment financing
$10,000,000
Key facts
Estimated APR: 5.99 % to 18%.
Loan amount: $10000 to $10 million.
Repayment terms: 24 to 84 months.
Editorial take
JR Capital’s online equipment lending can get you approved within two hours, and funded the same day if the equipment you’re financing doesn't need to be titled. JR doesn’t require a down payment for its equipment loans, and if you don’t end up taking the money right away, it will hold your approval for two months.
How we chose the best same-day business loans
NerdWallet’s review process evaluates and rates small-business loan products from traditional banks and online lenders. We collect over 30 data points on each lender using company websites and public documents. We may also go through a lender’s initial application flow and reach out to company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
To come up with our list of the best same-day business loans, we selected online lenders that can provide funding within 24 hours.
Our star ratings award points to lenders that offer small-business friendly features, including:
Transparency of rates and terms.
Flexible payment options.
Fast funding times.
Accessible customer service.
Reporting of payments to business credit bureaus.
Responsible lending practices.
We weigh these factors based on our assessment of which are the most important to small-business owners and how meaningfully they impact borrowers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodology for small-business loans and our editorial guidelines.
What is a same-day business loan?
A same-day business loan gives you access to capital the day you’re approved, or within 24 hours. These fast business loans can be used to pay for operational costs, cover emergency expenses or take advantage of an unexpected opportunity.
Same-day business loans are generally available from alternative, online lenders. Unlike traditional credit union or bank lenders, these companies tend to offer streamlined applications with minimal documentation required.
Online lenders typically have flexible qualification requirements and may be able to offer same-day business loans to startups or borrowers with bad credit.
As a result of their speed and flexibility, however, same-day business loans usually have higher interest rates and shorter repayment terms than more traditional loan options.
When to get a same-day business loan
In an emergency
Emergency cash needs are not ideal, but sometimes they are unavoidable. Say, for example, you have a large piece of equipment that’s crucial to your business operations that needs fixing or replacing. A delay in funding may cost you more than the costs of same-day financing.
When you have a money-making opportunity
You may not always have a stash of cash to hop on a growth opportunity, like a deal on a purchase that’s going to boost your revenue or cut costs. This is an instance where same-day loans can come in handy, especially if you forecast that use of the financing is going to make you more money.
Pros and cons of same-day business loans
Quick access to funds; can be used to cover immediate expenses.
Streamlined application processes, typically with minimal documentation required.
Lenders usually have flexible eligibility requirements; startups or borrowers with bad credit may qualify.
Can be expensive; higher interest rates than traditional loan options.
Tend to have shorter repayment terms, which typically means higher payment amounts.
May require frequent payments (daily or weekly) that can be difficult to manage.
Types of same-day business loans
Common options for same-day business loans include the following.
Short-term loans
With these loans, you receive an upfront lump sum of capital that you repay over a set period of time. In general, short-term business loans have repayment terms between three and 24 months.
Short-term loans can be used for a variety of purposes, making them a good option for immediate financing needs.
Business lines of credit
A business line of credit allows you to draw from a set amount of capital, up to a certain limit. You only pay interest on the funds you use — and once you’ve repaid what you borrowed, you can continue to draw on the line.
Business lines of credit are more flexible than term loans and can be a good choice for emergency financing. Lines of credit can also be used for making payroll, purchasing inventory and managing cash flow.
Invoice factoring
With invoice factoring, you sell your unpaid invoices to a factoring company at a discount.
You receive a percentage of the invoice amount upfront and the factoring company takes responsibility for collecting payment from your customers. Once the company collects payment, you receive the difference, minus the company’s fees.
Although invoice factoring operates differently than a standard business loan, it can be particularly useful for business owners who have cash tied up in unpaid invoices. Instead of waiting for customer payments, you can receive immediate access to funding.
Equipment financing
Equipment financing is a type of small-business financing that is used for the purchase of tools, machines or other large equipment for your business. Some online equipment lenders may be able to fund an equipment purchase within the same day as your application.
With equipment financing, the equipment you are purchasing serves as collateral on the loan, which means it may come with more lenient qualification requirements than traditional loans. It also means you can lose your equipment if you fail to repay your loan.
Merchant cash advances
A merchant cash advance gives you an upfront sum of cash that you repay using a percentage of your debit and credit card sales, plus a fee. MCAs — sometimes also called business payday loans — have flexible qualifications and can fund extremely quickly.
You should consider all other financing options before turning to a merchant cash advance, however. These products, including ACH business loans, can have interest rates as high as 350% and frequent payments that may create a cycle of debt.
How to get a same-day business loan
If speed is a priority in your search for financing, here are steps you can take to find the right same-day business loan.
1. Evaluate your timeline
Some business needs — such as a burst pipe — might need attention and money right away. But you may be able to wait a few days or weeks for other expenses.
If you don’t truly need funding today (and you can qualify), you may want to consider a lower cost option, like an SBA Express loan, that has expedited, but not immediate, funding times.
2. Know your credit score
The stronger your personal credit history, the easier it will typically be to receive fast financing. If you don’t know your score, you can get it for free from NerdWallet.
Same-day business loans for poor credit are available, but the combination of speed and a risky credit profile means you’ll likely pay a premium for access to capital.
3. Review additional qualifications
Although online lenders typically have flexible qualification requirements, they’ll usually look at your time in business and annual revenue — in addition to your personal credit score. Lenders may also consider your cash flow and sales projections.
It’s important to review this information ahead of time so you have a sense of where you stand before you begin your loan search.
4. Compare lenders
You should research and compare multiple lenders to decide which offers the best deal for your business needs. In addition to funding speed, you’ll want to consider factors such as repayment terms, interest rates, loan fees and lender reputation.
Although there are many reputable online lenders on the market, predatory lenders may try to take advantage of borrowers who are looking for same-day business loans. You can leverage reviews to help gauge a lender’s trustworthiness. Be wary of lenders that lack transparency, rush you through the loan process or guarantee “instant approval” or “business loans with no credit check”.
5. Apply for funding
Many online lenders allow you to connect your financial accounts to their system to expedite the underwriting process. You may also need to provide:
Basic information about you and your business.
Personal and business bank statements.
Personal and business tax returns.
Business financial statements.
Keep in mind that a lender may advertise same-day business loans, but that’s not always a guarantee. You should make sure your application includes everything the lender asks for to avoid delays — and watch for any fine print.
For example, if you apply for a line of credit from Bluevine, you’ll have to pay for a business wire to receive funds within the same day. If you don’t pay for a wire, Bluevine will send your funds via ACH transfer, which may take up to three days.
How to compare same-day business loans
Same-day business loans can be expensive, so it’s important to review multiple loan offers to find the most affordable option. You should compare factors such as:
Loan type. You’ll want to consider which loan type is best suited to your needs. If you’re purchasing equipment, an equipment loan may be the right fit. If you need working capital, on the other hand, you might opt for a business line of credit.
Funding speed. Confirm the processing speed and funding times with different lenders. You should also ask how a lender deposits funds — and if timelines vary based on your individual bank.
Interest rate. You’ll often pay more for speed and convenience, so make sure you understand how much a same-day loan will cost. Although lenders may charge interest in different ways, it’s helpful to convert these costs into an annual percentage rate. An APR will give you the total cost of the loan — and make it easier to compare options directly.
Additional fees. Be on the lookout for additional fees a lender may charge, such as origination fees, underwriting fees or prepayment penalties. You’ll want to make sure you consider these fees in the total cost of your loan.
Repayment schedule. Some same-day business loans require daily or weekly payments. These frequent payments can impact your cash flow. Use a business loan calculator to estimate payment amounts and make sure you can afford them.
Loan term. Many same-day business loans have shorter repayment terms. Make sure you understand your term length options — and how a term affects your payment amount. If you want to repay your loan back over a longer period, you may want to explore other funding choices.
Collateral requirements. Although same-day lenders may not require physical collateral — such as equipment, inventory or real estate — offering it (or offering more than required) may help you access more competitive interest rates and repayment terms.
Customer support. You can read online reviews or talk to other business owners to get a sense of how a particular lender operates. Whereas some lenders may offer a dedicated customer representative, others may use an online portal to communicate with you about your loan status.
Alternatives to same-day business loans
If you can wait longer to get capital, you may find financing options with lower interest rates than same-day business loans. You may also find other types of funding that are better suited for your needs. Here are some alternatives to consider:
» MORE: How to choose between a business loan vs. a business credit card
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