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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.
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- NerdWallet rating (high to low)
- Max loan amount (high to low)
- Min. time in business (low to high)
- Min. interest rate (low to high)
- Term length (high to low)
Bluevine - Line of credit
Best for working capital
Max loan amount
$200,000
Min. credit score
625
Min. annual revenue
$120,000
with NerdWallet Small Business
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.
Bluevine stands out for its fast funding speed and flexible qualification requirements. To get a line of credit, you can apply quickly online and receive funding in as little as 24 hours. Newer businesses and borrowers with bad credit may be able to qualify. Bluevine also offers a larger credit line maximum compared to some competitors and doesn’t charge draw or account maintenance fees.
- Minimum credit score: 625.
- Minimum time in business: 12 months.
- Minimum annual revenue: $120,000.
- No bankruptcies in the past year.
Giggle Finance - Merchant cash advance
Best for startups
Max loan amount
$15,000
Min. credit score
300
Min. annual revenue
$30,000
with NerdWallet Small Business
Pros
- No minimum credit score requirement.
- Same-day funding available.
- Specifically designed for freelancers and self-employed individuals.
Cons
- Funding maxes out at $15,000 ($20,000 for repeat customers).
- Factor rate and fee information not available on website.
- Charges an origination fee.
Giggle Finance is specifically designed to offer small amounts of capital to freelancers, contractors and self-employed individuals. The company provides same-day funding through a simple application process. Giggle is also a standout option for borrowers with bad credit — as the company does not check your credit and instead uses your bank information to underwrite your application.
- Minimum credit score: All credit scores may be accepted (ranging from 300 to 850).
- Minimum time in business: Three months.
- Minimum annual revenue: $18,000.
Rapid Finance - Merchant cash advance
Best for bad credit
Max loan amount
$500,000
Min. credit score
600
Min. annual revenue
$120,000
with NerdWallet Small Business
Pros
- No prepayment penalties or other fees.
- Can be approved with a credit score as low as 600.
Cons
- Daily or weekly payments.
- Lengthy time in business requirement.
Rapid Finance can provide fast merchant cash advances for established businesses that might have lower credit scores. You can get large amounts of funding in as little as 24 hours. And, unlike some competitors that charge origination or monthly service fees, Rapid Finance doesn’t have any extraneous fees on your financing.
- Minimum credit score: 600.
- Minimum time in business: Three years.
- Minimum revenue requirement: $10,000 per month.
Backd - Line of credit
Best for high-limit lines of credit
Max loan amount
$1,000,000
Min. credit score
650
Min. annual revenue
$100,000
with NerdWallet Small Business
Pros
- Fast access to funds.
- Simple application with minimal documentation required.
- Large maximum funding amounts.
- Accessible to startups and borrowers with bad credit.
Cons
- Requires weekly repayment.
- Charges a draw fee.
- Interest rates can be high compared with traditional lenders.
Backd offers a fast revolving line of credit that offers larger funding amounts than other online competitors. With flexible qualification requirements, this credit line can be a good option for newer businesses and those with bad credit — as long as they have strong revenue and don’t mind paying a draw fee.
- Minimum credit score: 650
- Minimum time in business: 24 months.
- Minimum annual revenue: $100,000.
OnDeck - Online term loan
Best for short-term business loans
Max loan amount
$400,000
Min. credit score
625
Min. annual revenue
$100,000
with NerdWallet Small Business
Pros
- Cash can be available within the same business day (does not apply in California or Vermont).
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Cannot fund North Dakota-based businesses.
- Requires frequent (daily or weekly) repayments.
- Interest rates can be high compared with traditional lenders.
- Charges origination fee.
OnDeck’s short-term loan is a good option for making one-time investments in your business, such as opening a new location or renovating your space. This loan offers fast funding (sometimes as quickly as the same day) for borrowers who may not qualify for more traditional financing options. OnDeck’s short-term loan can also be used to establish and build business credit — as the lender reports your payment history to the three commercial credit bureaus.
- Minimum credit score: 625.
- Minimum time in business: 12 months.
- Minimum annual revenue: $100,000.
- Must have business bank account.
Fora Financial - Online term loan
Best for large loan amounts
Max loan amount
$1,500,000
Min. credit score
570
Min. annual revenue
$240,000
with NerdWallet Small Business
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.
- Aggressive repayment schedule (daily or weekly).
- Charges an origination fee.
Fora Financial stands out as a fast funding option for borrowers who may fall short of qualifying for traditional bank financing. The lender can work with startups and borrowers with bad credit — as long as they have strong revenue. Fora offers large maximum loan amounts and can provide prepayment discounts for those who repay early.
- In business for at least six months.
- At least $20,000 per month in revenue.
- No open bankruptcies or dismissed bankruptcies within the past year.
same-day business loans: More details
Bluevine: Best for working capital
Choose if you want ongoing, flexible access to cash and only want to pay interest on what you draw.
May fund quickly
Bluevine - Line of credit
5.0NerdWallet rating
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates responsible lending practices, cost, impact on business credit score, transparency and customer experience.
with NerdWallet Small Business
Max loan amount
$200,000
Min. credit score
625
Term length
6 to 12 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.
Bluevine stands out for its fast funding speed and flexible qualification requirements. To get a line of credit, you can apply quickly online and receive funding in as little as 24 hours. Newer businesses and borrowers with bad credit may be able to qualify. Bluevine also offers a larger credit line maximum compared to some competitors and doesn’t charge draw or account maintenance fees.
- Minimum credit score: 625.
- Minimum time in business: 12 months.
- Minimum annual revenue: $120,000.
- No bankruptcies in the past year.
Giggle Finance: Best for startups
Choose if you’re a new business needing a small amount of capital quickly.
Giggle Finance - Merchant cash advance
with NerdWallet Small Business
Max loan amount
$15,000
Min. credit score
300
Term length
Up to 6 months
Pros
- No minimum credit score requirement.
- Same-day funding available.
- Specifically designed for freelancers and self-employed individuals.
Cons
- Funding maxes out at $15,000 ($20,000 for repeat customers).
- Factor rate and fee information not available on website.
- Charges an origination fee.
Giggle Finance is specifically designed to offer small amounts of capital to freelancers, contractors and self-employed individuals. The company provides same-day funding through a simple application process. Giggle is also a standout option for borrowers with bad credit — as the company does not check your credit and instead uses your bank information to underwrite your application.
- Minimum credit score: All credit scores may be accepted (ranging from 300 to 850).
- Minimum time in business: Three months.
- Minimum annual revenue: $18,000.
Rapid Finance: Best for bad credit
Choose if your credit score is as low as 600 and you can handle daily or weekly payments in exchange for approval flexibility.
Rapid Finance - Merchant cash advance
with NerdWallet Small Business
Max loan amount
$500,000
Min. credit score
600
Term length
3 to 18 months
Pros
- No prepayment penalties or other fees.
- Can be approved with a credit score as low as 600.
Cons
- Daily or weekly payments.
- Lengthy time in business requirement.
Rapid Finance can provide fast merchant cash advances for established businesses that might have lower credit scores. You can get large amounts of funding in as little as 24 hours. And, unlike some competitors that charge origination or monthly service fees, Rapid Finance doesn’t have any extraneous fees on your financing.
- Minimum credit score: 600.
- Minimum time in business: Three years.
- Minimum revenue requirement: $10,000 per month.
Backd: Best for high-limit lines of credit
Choose if you need a large credit line and don’t want to wait for bank financing.
Backd - Line of credit
4.5NerdWallet rating
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates responsible lending practices, cost, impact on business credit score, transparency and customer experience.
with NerdWallet Small Business
Max loan amount
$1,000,000
Min. credit score
650
Term length
6 to 12 months
Pros
- Fast access to funds.
- Simple application with minimal documentation required.
- Large maximum funding amounts.
- Accessible to startups and borrowers with bad credit.
Cons
- Requires weekly repayment.
- Charges a draw fee.
- Interest rates can be high compared with traditional lenders.
Backd offers a fast revolving line of credit that offers larger funding amounts than other online competitors. With flexible qualification requirements, this credit line can be a good option for newer businesses and those with bad credit — as long as they have strong revenue and don’t mind paying a draw fee.
- Minimum credit score: 650
- Minimum time in business: 24 months.
- Minimum annual revenue: $100,000.
OnDeck: Best for short-term business loans
Choose if you want a lump sum of capital and have a credit score of 625+.
May fund quickly
OnDeck - Online term loan
4.9NerdWallet rating
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates responsible lending practices, cost, impact on business credit score, transparency and customer experience.
with NerdWallet Small Business
Max loan amount
$400,000
Min. credit score
625
Term length
18 to 24 months
Pros
- Cash can be available within the same business day (does not apply in California or Vermont).
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Cannot fund North Dakota-based businesses.
- Requires frequent (daily or weekly) repayments.
- Interest rates can be high compared with traditional lenders.
- Charges origination fee.
OnDeck’s short-term loan is a good option for making one-time investments in your business, such as opening a new location or renovating your space. This loan offers fast funding (sometimes as quickly as the same day) for borrowers who may not qualify for more traditional financing options. OnDeck’s short-term loan can also be used to establish and build business credit — as the lender reports your payment history to the three commercial credit bureaus.
- Minimum credit score: 625.
- Minimum time in business: 12 months.
- Minimum annual revenue: $100,000.
- Must have business bank account.
Fora Financial: Best for large loan amounts
Choose if you need a bigger loan and you have the revenue to repay it.
Fora Financial - Online term loan
4.7NerdWallet rating
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates responsible lending practices, cost, impact on business credit score, transparency and customer experience.
with NerdWallet Small Business
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.
- Aggressive repayment schedule (daily or weekly).
- Charges an origination fee.
Fora Financial stands out as a fast funding option for borrowers who may fall short of qualifying for traditional bank financing. The lender can work with startups and borrowers with bad credit — as long as they have strong revenue. Fora offers large maximum loan amounts and can provide prepayment discounts for those who repay early.
- In business for at least six months.
- At least $20,000 per month in revenue.
- No open bankruptcies or dismissed bankruptcies within the past year.
Jump to
What is a same-day business loan?
When to consider a same-day business loan
Types of same-day business loans
How to compare same-day business loans
How to get a same-day business loan
Pros and cons of same-day business loans
Alternatives to same-day business loans
What is a same-day business loan?
A same-day business loan gives you access to funds the day you’re approved, or within 24 hours.
What “same day” actually means
“Same day” isn’t uniform for every lender. Funding speed takes three things into account:
- Decision speed. This is how long underwriting takes. Some lenders decide in minutes.
- Cutoff time. Approval at 4 p.m. may mean you’re not actually getting funds until the next day.
- Transfer method. Most lenders use standard ACH transfers, which can take one to three business days. In some cases, you may be able to opt for a faster method, like a wire transfer, for a fee.
Ask your lender about all three to determine just how quickly you’ll see the money in your account.
When to consider a same-day business loan
Consider one of these small-business loans if:
☑️ You need to cover emergency expenses.
☑️ You can’t meet the strict requirements for traditional loan options.
☑️ You want to take advantage of an immediate money-making opportunity.
Same-day and instant business loans are best for true urgency — not convenience. When considering this type of financing, make sure you have a clear purpose for the loan and a plan in place to pay it back.
Types of same-day business loans
Same-day business loans are available from online lenders. Unlike credit unions or banks, these companies tend to offer simple applications with minimal documentation required.
As a result of their speed and flexibility, however, same-day business loans usually have higher interest rates and shorter repayment terms than traditional loan options.
Common options for same-day business loans include:
Short-term loans
Best for: One-time, immediate expenses.
With short-term business loans, you receive an upfront lump sum of money that you repay over a set period, typically between three and 24 months. These loans can cover a variety of short-term needs, such as equipment repairs or inventory purchases.
Business lines of credit
Best for: Flexible, ongoing access to capital.
A business line of credit allows you to draw from a set amount of money, up to a certain limit. You only pay interest on the funds you use, and once you’ve repaid what you borrowed, you can draw on the line again. This makes it a good option for making payroll, buying inventory and covering emergency expenses.
Invoice factoring
Best for: Business-to-business companies with unpaid invoices.
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.
Invoice factoring differs from a standard business loan. But it gives you cash right away, rather than waiting for customer payments.
Merchant cash advances
Best for: Businesses with steady card sales that can’t qualify for other options.
A merchant cash advance (MCA) gives you an upfront sum of cash that you repay using a percentage of your debit and credit card sales, plus a fee. MCAs have flexible qualifications and can fund extremely quickly.
You should consider all other financing options before turning to a merchant cash advance, however. MCAs are priced with factor rates rather than interest rates, and converting those costs into an APR can result in triple-digit rates. Daily or weekly repayments drawn from card sales can also create a cycle of debt that’s difficult to break.
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:
- Funding speed. Confirm the processing speed and funding times with different lenders. You should also ask how the lender sends funds and whether timing depends on your 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 differently, it’s helpful to convert these costs into an annual percentage rate (APR). An APR shows the total cost of the loan and makes 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.
- Collateral requirements. Same-day lenders don’t always require physical collateral — like equipment, inventory or real estate — but offering it could help you qualify for better rates and terms.
- Repayment schedule. Some same-day business loans require daily or weekly payments. These frequent payments can impact your cash flow.
- 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 over a longer period, you may want to explore other funding choices.
Use a business loan calculator
When shopping around, use NerdWallet's business loan calculator to compare payments and costs across loan options.
» MORE:Business loan calculator
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.
Step 1. Decide how quickly you need funds
Some business needs — such as a burst pipe — may require immediate funding. 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), consider a lower-cost option, like an SBA Express loan, that has expedited, but not immediate, funding times.
Step 2. Check 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 bad credit are available, but fast funding and a weaker credit profile often come with higher costs.
Step 3. Confirm you meet lender requirements
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.
Review this information ahead of time so you have a sense of where you stand before you begin your loan search.
Step 4. Shop and compare multiple offers
Research and compare multiple lenders to decide which offers the best deal for your business needs. In addition to funding speed, consider factors such as repayment terms, interest rates, loan fees and lender reputation.
🤓
Online marketplaces, like NerdWallet Small Business, let you compare multiple offers at once (even same-day funding).Nerdy Tip
Step 5. Prepare your application documents
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. Make sure your application includes everything the lender asks for to avoid delays — and watch for any fine print.
For example, Bluevine deposits approved line of credit draws instantly into a Bluevine business checking account. To get funds that fast with an outside bank account, you’ll pay $15 for a wire transfer, which can arrive in as little as a few hours. Bluevine’s free ACH option typically lands the next business day, but can take up to three.
Timing also matters. OnDeck, for example, funds term loans the same day if you complete checkout Monday through Friday before 10:30 a.m. ET — with funds typically arriving by 5 p.m. local time. If you miss the cutoff, you won’t qualify for same-day funding and you’ll get your funds within three days.
Pros and cons of same-day business loans
Pros
- 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. For example, startups or borrowers with bad credit may qualify.
Cons
- 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.
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:
- If you want the lowest rates. Banks can offer a wide range of business loan options — and typically offer the most competitive interest rates and repayment terms. You’ll need to meet strict requirements to qualify, however, and funding can be slow.
- If you can’t qualify for a bank loan. SBA loans offer low interest rates and long repayment terms. Although it may be slightly easier to qualify for an SBA loan than a bank loan, you’ll still need to meet fairly strong credentials to qualify. Standard SBA 7(a) loans can take 30 to 90 days to fund, but SBA Express loans can offer faster funding timelines.
- If you need to cover daily expenses. If you have a personal credit score of 690 or above, you may qualify for near-instant approval on a business credit card. Business credit cards can be a quick and affordable option for everyday funding — as long as you pay your bill on time and don’t carry a balance.
- If you want to avoid debt. Small-business grants offer free funding that doesn’t need to be repaid. Grants are available from federal and state agencies, as well as private companies. Applications are time-consuming and competitive, but can be worth it if you can access free capital.
Last updated on September 17, 2026
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 same-day business loans, we selected lenders that offer funding in as little as 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.
