BEST OF
Fast Business Loans: Best Lenders for Quick Cash
Online lenders provide fast business loans for immediate needs or a business opportunity. Compare your options.
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.
LOOKING FOR CORONAVIRUS BENEFITS INFORMATION?
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.
LOOKING FOR CORONAVIRUS BENEFITS INFORMATION?
Easily get real, personalized small business loan rates to compare — not just ranges or estimates.
It’s free and won’t affect your credit.
on Fundera's website
Our pick for
Fast business loans for immediate needs

Fundbox - Line of credit
Est. APR
10.10 - 79.80%
Min. Credit Score
550
Pros
- Cash can be available by the next day.
- Low minimum credit score requirement.
Cons
- Rates are high compared to traditional banks.
Qualifications
- Minimum credit score: 550.
- Minimum time in business: 3 months.
- Minimum annual revenue: $50,000.
Our pick for
Fast business loans for an opportunity

OnDeck - Online term loan
Est. APR
9.00 - 99.00%
Min. Credit Score
600
Pros
- Cash can be available within the same business day.
- Requires low minimum credit score.
- Less paperwork than most lenders.
Cons
- Fixed-fee structure means early repayment will not save interest.
- Requires frequent (daily or weekly) repayments.
- Requires business lien and personal guarantee.
Qualifications
- Minimum credit score: 600.
- Minimum time in business: 3 years.
- Minimum annual revenue: $250,000.
- No bankruptcies in the past 2 years.
Our pick for
Fast business loans for lower rates

Credibility Capital - Online term loan
Est. APR
19.99 - 24.99%
Min. Credit Score
680
Pros
- Competitive rates among online lenders.
- No prepayment penalty.
- Extra monthly payments can save interest cost.
Cons
- Short repayment term results in higher payment amounts.
- Requires high minimum credit score and revenue.
- Requires business lien and may require personal guarantee.
- Not available in Nevada, North Dakota, South Dakota, or Vermont.
Qualifications
- Minimum credit score: 680.
- Minimum time in business: 2 years.
- Minimum annual revenue: $250,000.
- No bankruptcies in the past 5 years.
Easily get real, personalized small business loan rates to compare — not just ranges or estimates.
It’s free and won’t affect your credit.
on Fundera's website
Summary of Fast Business Loans: Best Lenders for Quick Cash
Lender | Best For | Est. APR | Min. Credit Score |
---|---|---|---|
![]() Fundbox - Line of credit | Best for Fast business loans for immediate needs | 10.10 - 79.80% | 550 |
![]() OnDeck - Online term loan | Best for Fast business loans for an opportunity | 9.00 - 99.00% | 600 |
![]() Credibility Capital - Online term loan | Best for Fast business loans for lower rates | 19.99 - 24.99% | 680 |
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 cash as fast as possible
Kabbage and Fundbox provide fast cash to deal with immediate needs, such as meeting payroll, buying inventory or fixing broken equipment.
Consider Kabbage if you need funding up to $250,000. You can complete Kabbage’s online application in minutes and get funding just as fast or within a few days. It requires a minimum credit score of 560, and your business needs two years of history and at least $50,000 in annual revenue to qualify.
Fundbox's line of credit is an option for financing up to $100,000. Funding is as fast as the next business day. Qualifying may be easier than Kabbage, as you’ll need a minimum of $50,000 in revenue and three months in business to qualify, with no minimum credit score requirements. Your rate may also be lower than Kabbage, with APRs starting 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 January 4, 2021
To recap our selections...
NerdWallet's Fast Business Loans: Best Lenders for Quick Cash
- Fundbox - Line of credit: Best for Fast business loans for immediate needs
- OnDeck - Online term loan: Best for Fast business loans for an opportunity
- Credibility Capital - Online term loan: Best for Fast business loans for lower rates