Fast Business Loans: Best Lenders for Quick Cash

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, QuarterSpot 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.

QuarterSpot provides loans up to $200,000. The lender requires business owners to have a minimum credit score of 550, with at least two years in business and $200,000 in annual revenue. It can provide funds in as little as 24 hours after approval.

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 and QuarterSpot, 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 and QuarterSpot, with APRs starting around 10%.

Fast business loans for an opportunity

For businesses that are at least a year old

StreetShares and OnDeck provide fast business loans to finance growth opportunities, such as launching a marketing campaign or buying new equipment.

Consider StreetShares if your business is newer and you’re not seeking to borrow a lot of money. Funding is between one to five days. The company’s term loan requires a minimum of one year in business, a personal credit score starting at 600 and at least $75,000 in annual revenue.

OnDeck’s funding turnaround can be as fast as a single day, though more often it takes several days. However, your rates will likely be higher than at StreetShares. 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, and higher borrowing amounts than StreetShares. 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.

» MORE: Calculate the costs of a business loan

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.