Best Fast Business Loans of July 2025
Compare quick business loans and receive funds in as little as 24 hours. Select your business type to get started.
| Lender | NerdWallet rating | Best For | Max loan amount | Min. time in business | Min. interest rate | Term length | Learn more |
|---|---|---|---|---|---|---|---|
 with Fundera by NerdWallet | Read expert review | Best for borrowers with bad credit | $1,500,000 | 6 months | Undisclosed | 4 to 18 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for fast draws | $250,000 | 12 months | 14% | Up to 6 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for B2B companies | $5,000,000 | Undisclosed | Undisclosed | 1 to 3 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for short-term business loans + low-revenue businesses | $100,000 | 6 months | 35% | 12 to 24 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for long-term financing | $500,000 | 24 months | 15.22% | 6 months to 7 years | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for startups | $250,000 | 3 months | 36% | 3 to 6 months | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Read expert review | Best for no credit check | $10,000 | 3 months | Undisclosed | Undisclosed | with Fundera by NerdWallet |
 with Fundera by NerdWallet | Best for large loan amounts | $10,000,000 | 12 months | 0% | Up to 24 months | with Fundera by NerdWallet | |
 with Fundera by NerdWallet | Read expert review | Best for equipment loans | $150,000 | 6 months | Undisclosed | 24 months to 5 years | with Fundera by NerdWallet |
fast business loans: More details
Fora Financial: Best for borrowers with bad credit
Time to funding: Within 72 hours.
Fora Financial - Online term loan
with Fundera by NerdWallet
Max loan amount
$1,500,000
Min. credit score
570
Term length
4 to 18 months
Pros
- Cash can be available quickly.
- Get a discount for prepaying.
- No collateral required.
- Low minimum credit score requirement.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Can’t build business credit.
- Longest loan term is 18 months.
- Charges an origination fee.
Pros
- Cash can be available quickly.
- Get a discount for prepaying.
- No collateral required.
- Low minimum credit score requirement.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Can’t build business credit.
- Longest loan term is 18 months.
- Charges an origination fee.
with Fundera by NerdWallet
Bluevine: Best for fast draws
Time to funding: Within a few hours (for an extra fee).
May fund quickly
Bluevine - Line of credit
with Fundera by NerdWallet
Max loan amount
$250,000
Min. credit score
625
Term length
Up to 6 months
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
with Fundera by NerdWallet
AltLINE: Best for B2B companies
Time to funding: 24 to 48 hours.
AltLINE - Invoice factoring
with Fundera by NerdWallet
Max loan amount
$5,000,000
Min. credit score
300
Term length
1 to 3 months
Pros
- Capital available within 24 to 48 hours.
- No collateral required.
- Manages payment collection from your customers.
- Accepts startups and businesses with bad credit.
Cons
- Fees can become expensive the longer it takes your customers to pay.
- Difficult to compare factoring costs to other types of business loans.
- Charges an origination fee.
Pros
- Capital available within 24 to 48 hours.
- No collateral required.
- Manages payment collection from your customers.
- Accepts startups and businesses with bad credit.
Cons
- Fees can become expensive the longer it takes your customers to pay.
- Difficult to compare factoring costs to other types of business loans.
- Charges an origination fee.
with Fundera by NerdWallet
Headway Capital: Best for short-term business loans
Time to funding: Same day funding is available in certain states for loans up to $100,000.
Headway Capital - Line of credit
with Fundera by NerdWallet
Max loan amount
$100,000
Min. credit score
625
Term length
12 to 24 months
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
with Fundera by NerdWallet
iBusiness Funding: Best for long-term financing
Time to funding: 48 to 72 hours.
May fund quickly
iBusiness Funding - Online term loan
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
660
Term length
6 months to 7 years
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to seven years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Charges an origination fee.
- Must be in business for a minimum of 24 months.
- Minimum credit score is higher than some other lenders.
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to seven years.
- iBusiness Funding also offers SBA loans up to $5 million.
Cons
- Charges an origination fee.
- Must be in business for a minimum of 24 months.
- Minimum credit score is higher than some other lenders.
with Fundera by NerdWallet
Headway Capital: Best for low-revenue businesses
Time to funding: Next business day.
Headway Capital - Line of credit
with Fundera by NerdWallet
Max loan amount
$100,000
Min. credit score
625
Term length
12 to 24 months
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
with Fundera by NerdWallet
Fundbox: Best for startups
Time to funding: Next business day.
May fund quickly
Fundbox - Line of credit
with Fundera by NerdWallet
Max loan amount
$250,000
Min. credit score
600
Term length
3 to 6 months
Pros
- Financing available within one business day after approval.
- Simple application with minimal documentation required.
- Low minimum credit score, time in business and annual revenue requirements.
- No prepayment penalties, account maintenance fees or inactivity fees.
Cons
- Rates are high compared with traditional banks.
- Weekly repayments required over a short term (maximum of 24 weeks).
Pros
- Financing available within one business day after approval.
- Simple application with minimal documentation required.
- Low minimum credit score, time in business and annual revenue requirements.
- No prepayment penalties, account maintenance fees or inactivity fees.
Cons
- Rates are high compared with traditional banks.
- Weekly repayments required over a short term (maximum of 24 weeks).
with Fundera by NerdWallet
Giggle Finance: Best for no credit check
Time to funding: As fast as the same day.
Giggle Finance - Merchant cash advance
with Fundera by NerdWallet
Max loan amount
$10,000
Min. credit score
300
Term length
Undisclosed
Pros
- No minimum credit score requirement.
- Same-day funding available.
- Specifically designed for freelancers and self-employed individuals.
Cons
- Funding maxes out at $10,000 ($20,000 for repeat customers).
- Factor rate and fee information not available on website.
- Charges an origination fee.
Pros
- No minimum credit score requirement.
- Same-day funding available.
- Specifically designed for freelancers and self-employed individuals.
Cons
- Funding maxes out at $10,000 ($20,000 for repeat customers).
- Factor rate and fee information not available on website.
- Charges an origination fee.
with Fundera by NerdWallet
altbanq: Best for large loan amounts
Time to funding: As fast as the same day.
altbanq - Online term loan
5.0 NerdWallet rating
with Fundera by NerdWallet
Max loan amount
$10,000,000
Min. credit score
650
Term length
Up to 24 months
Pros
- Fast access to funds.
- Prepayment discounts available.
- Large maximum funding amounts.
- Accessible to startups.
Cons
- Higher credit score requirement than some online lenders.
- Repayment terms max out at 24 months.
- Charges an origination fee.
Pros
- Fast access to funds.
- Prepayment discounts available.
- Large maximum funding amounts.
- Accessible to startups.
Cons
- Higher credit score requirement than some online lenders.
- Repayment terms max out at 24 months.
- Charges an origination fee.
with Fundera by NerdWallet
National Funding: Best for equipment loans
Time to funding: As fast as 24 hours.
National Funding - Equipment financing
with Fundera by NerdWallet
Max loan amount
$150,000
Min. credit score
600
Term length
24 months to 5 years
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing: National Funding offers only short-term loans and equipment financing/leasing.
- Charges an origination fee.
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing: National Funding offers only short-term loans and equipment financing/leasing.
- Charges an origination fee.
with Fundera by NerdWallet
Table of contents
Concerned about tariffs?
Many small-business owners are under increased economic stress and uncertainty following the latest tariff announcements. NerdWallet is here to help you find answers for whatever you're looking for. Here are some resources to help you get started:
- Need emergency funding? Consider a
business line of credit - Looking for fast access to working capital? Discover the
best working capital loans - Want tips on how to mitigate the impact of tariffs? Read
our guide
What is a fast business loan?
A fast business loan is a type of financing that can be funded within a short timeframe — typically one to three business days. The quickest business loans are usually issued by online lenders
Speed and convenience come at a cost, however. These small-business loans
What impacts funding speed for a business loan?
Some online lenders can fund loan applications as fast as the same or next business day. It may take longer to get funds, however, as your exact timeline varies based on factors such as:
- Documentation. You’ll likely need to provide some type of documentation as part of your loan application, such as financial statements or tax returns. If you provide incorrect or outdated documents, this can slow down the underwriting process.
- Collateral. If you’re providing collateral to secure your loan, the lender will typically ask for documentation to verify its value. Appraising your collateral ahead of time and having the corresponding paperwork can help speed up your timeline.
- Your responsiveness. If a lender has follow up questions or needs you to sign a loan agreement, the faster you respond to those inquiries, the faster you’ll get access to funding.
- Your bank. After your lender sends your funds, it may take a few days for your bank to process and show that money in your account.
Pros and cons of quick business loans
Pros
- Access to capital within a few business days.
- Streamlined application processes; typically minimal documentation required.
- Startups and borrowers with bad credit may qualify.
Cons
- 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 consider a fast business loan
Here are some scenarios in which a fast loan may make sense for your business:
- You need to pay for immediate expenses. If you need to
cover emergency costs business capital - You want bridge funding until you get a long-term loan. If you need funding to hold you over temporarily until you secure a long-term loan, a quick business loan can be an option. A fast business loan can be used as a
commercial bridge loan - You can’t qualify for other types of financing. If you can’t qualify for a
bank or SBA loan
Types of quick business loans
These types of business loans can offer fast funding:
Online term loans
These loans offer lump sums of money that you borrow from a lender and repay over a set period of time, with interest. A business term loan
Business lines of credit
Similar to a credit card, a line of credit gives you access to a set amount of money that you can borrow as needed. You only pay interest on the funds you withdraw — and as long as you make timely repayments and don’t exceed your credit limit, you can continue to borrow up to the limit.
Equipment financing
Equipment loans are used specifically to buy machinery or equipment for your business and are secured by what you purchase. Because the equipment serves as collateral, lenders may focus less heavily on traditional underwriting criteria, such as credit score or time in business. Equipment loans
Invoice factoring
Invoice factoring involves selling your invoices to a factoring company Invoice factoring
Merchant cash advances
With a merchant cash advance
How to get a fast business loan
The right loan for your small business will ultimately depend on your specific funding needs and your business’s qualifications. However, if speed is a priority in your search, here are steps you can follow to get a business loan quickly.
1. Understand your financing needs
You’ll want to determine how much capital you need, what you’re going to use it for and what type of loan is the best option. Based on how you’re going to use your funds, you should figure out exactly how quickly you need access to financing.
Fast business loans tend to have shorter repayment terms and higher interest rates, so it’s also important to calculate how much debt you can afford
2. Evaluate your qualifications
You should review standard business loan requirements
Online lenders typically have flexible eligibility criteria and may be willing to work with you even if you’re a new business or have a rocky credit history. These lenders don’t usually ask for collateral, although they likely will require a personal guarantee
If you do have physical collateral
3. Research and compare lenders
You’ll want to research several lenders in order to find the right option for your needs. Ideally, you should find a lender that can provide the funding you need, support your timeline and offer competitive business loan rates
As you compare small-business lenders
🤓
Although there are many reputable online lenders on the market, predatory lenders may try to take advantage of borrowers who are in a rush for funding. 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 Nerdy Tip
4. Complete and submit your loan application
Most fast business loans will require minimal documentation. In some cases, you may even be able to connect your financial accounts to the lender’s system in order to expedite the underwriting process.
Generally, however, you may be asked to provide the following:
- Basic information about you and your business.
- Business and personal bank statements.
- Business and personal tax returns.
- Business financial statements.
After you’ve submitted your application, you may receive approval in just hours — depending on the lender.
How to compare quick business loans
While you may be in a hurry to get business financing, take some time to consider the following factors before accepting any loan agreement:
⏱️ Funding speed. All the loans on our list can provide funding in three business days or faster. You’ll want to make sure any lender you’re considering can process and fund your loan within the timeframe you need.
📈 Interest rate. Lenders that offer the fastest funding may also have the highest rates and fees. Review the interest rates offered and the corresponding annual percentage rate. It’s important to look at the APR because it factors in loan fees and gives the actual yearly cost of a loan.
🗓️ Loan term. Fast business lenders may offer shorter repayment terms than traditional loans. Longer loan terms can mean smaller monthly payments, in some cases. A short loan term could mean that you pay less in interest.
✍️ Repayment schedule. Before you commit to a loan agreement, compare the amount and frequency of payments to make sure they fit into your budget. A business loan calculator
🏠 Collateral. Check to see if the lender requires collateral or if offering it will improve your loan terms. In either case, review available assets — such as accounts receivable, equipment and real estate — that can back up the loan. Keep in mind that while collateral can improve your approval chances, appraisals and gathering other information can add to the processing time.
Alternatives to fast business loans
Speed can be useful when it comes to business financing, but it often results in higher interest rates. If you don’t need a same-day business loan
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
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 SBA Express loan
Microloans
These small-dollar loans are available in amounts up to $50,000 and are issued by nonprofit and community-based lenders. Microloans
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
Small-business grants
Last updated on May 27, 2025
How Fundera by NerdWallet works
Getting a business loan can be challenging, and several factors —
cost, speed, repayment schedule — can play a role in deciding which
product is right for you. Let us help you through the process.
Get started
Fill out one simple application
Answer a 3-minute questionnaire about your business to get personalized lending options. It’s free and won’t impact your credit score.
See your business loan options
Compare interest rates and repayment terms to choose the best product for your needs.
Get your loan
If the lender approves you, you’ll sign closing documents in order to receive funds. Some lenders can approve and fund loans within one business day.
Methodology
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 fast business loans, we selected lenders that can fund applications within 72 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 editorial guidelines
