Best Same-Day Business Loans of May 2025
Same-day business loans may be available from online lenders, but you’ll pay a premium for the speed and convenience.
| Loan | NerdWallet Rating | Best For | Max loan amount | Min. credit score | APR range | Max term length | Learn more |
|---|---|---|---|---|---|---|---|
 Giggle Finance - Merchant cash advance Read reviewwith Fundera by NerdWallet | Best for self-employed individuals and contractors | $10,000 | 300 | Undisclosed |
| with Fundera by NerdWallet | |
 Bluevine - Line of credit Read reviewwith Fundera by NerdWallet | Best for fast line of credit draws | $250,000 | 625 | 14.00-48.00% | 6 months | with Fundera by NerdWallet | |
 Rapid Finance - Merchant cash advance with Fundera by NerdWallet | Best for bad credit | $500,000 | 600 | Undisclosed | 18 months | with Fundera by NerdWallet | |
 Backd - Line of credit with Fundera by NerdWallet | 4.5
/5
| Best for high-limit line of credit | $750,000 | 600 | 42.08-63.17% | 12 months | with Fundera by NerdWallet |
 OnDeck - Online term loan Read reviewwith Fundera by NerdWallet | Best for short-term business loans | $250,000 | 625 | 27.20-99.90% | 24 months | with Fundera by NerdWallet | |
 National Funding - Online term loan Read reviewwith Fundera by NerdWallet | Best for startups | $500,000 | 600 | Undisclosed | 24 months | with Fundera by NerdWallet | |
 Kapitus - Term loan Read reviewwith Fundera by NerdWallet | Best for flexible repayment options | $750,000 | 625 | Undisclosed | 24 months | with Fundera by NerdWallet | |
 JR Capital - Equipment financing Read review | Best for equipment financing | $10,000,000 | 620 | 5.99-18.00% | 7 years |
A closer look at our picks for the best small business loans
Best for self-employed individuals and contractors
Giggle Finance provides advances up to $10,000 that are tailored for freelancers, contractors or other self-employed individuals. Its process is automated, meaning you can access funding at any time of day, and applications only take about eight minutes to complete.
Giggle Finance - Merchant cash advance
with Fundera by NerdWallet
Max loan amount
$10,000
Min. credit score
300
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.
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.
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Best for fast line of credit draws
If you have a Bluevine business checking account, you can access approved draws instantly. If your draws go 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.
May fund quickly
Bluevine - Line of credit
with Fundera by NerdWallet
Max loan amount
$250,000
Min. credit score
625
Est. APR
14.00-48.00%
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.
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Best for bad credit
Rapid Finance is an MCA company with factor rates starting at 1.2. There are no origination fees or prepayment penalties. It can provide funding in as little as 24 hours.
Rapid Finance - Merchant cash advance
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
600
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.
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Best for high-limit line of credit
Backd's line of credit maximum is significantly higher than many other 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.
Backd - Line of credit
4.5 NerdWallet rating
with Fundera by NerdWallet
Max loan amount
$750,000
Min. credit score
600
Est. APR
42.08-63.17%
Pros
- Fast access to funds.
- Simple application with minimal documentation required.
- Large maximum funding amounts.
- Accessible to startups and borrowers with bad credit.
Cons
- High annual revenue requirement.
- 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.
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Best for short-term business loans
If you are approved for a loan and are able to “checkout” before 10 a.m. E.T., OnDeck can deposit funds by 5 p.m. E.T. the same day. But same-day funding is only available in certain states and on term loans up to $100,000.
May fund quickly
OnDeck - Online term loan
with Fundera by NerdWallet
Max loan amount
$250,000
Min. credit score
625
Est. APR
27.20-99.90%
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.
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Best for startups
National Funding’s online term loan doesn’t require physical collateral or a down payment — and you can qualify with just six months in business. National Funding can approve and fund loans in as little as 24 hours.
National Funding - Online term loan
with Fundera by NerdWallet
Max loan amount
$500,000
Min. credit score
600
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.
- Short-term loans require daily or weekly repayment.
- 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.
Borrowers who can't qualify for more traditional loan options might consider National Funding for fast access to capital. National Funding has flexible qualification requirements and can fund applications in as little as 24 hours. The lender also offers prepayment discounts for those who can repay their loans early.
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Best for flexible repayment options
Kapitus 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. Kapitus allows daily, weekly or monthly repayments based on what’s best for your business.
Kapitus - Term loan
with Fundera by NerdWallet
Max loan amount
$750,000
Min. credit score
625
Pros
- Can be approved for financing in as little as four hours.
- Flexible (daily, weekly or monthly) repayment options.
- Can be used to build business credit.
- No prepayment penalty.
Cons
- Collateral may be required.
- High monthly revenue requirements.
- Charges an origination fee.
Kapitus stands out for established businesses who want fast funding from an online lender. The lender can approve applications in as little as four hours and issue funds in as fast as 24 hours. Kapitus can also provide large funding amounts compared to online competitors and offers flexible (daily, weekly or monthly) repayment options.
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Best for equipment financing
JR Capital 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.
JR Capital - Equipment financing
Max loan amount
$10,000,000
Min. credit score
620
Est. APR
5.99-18.00%
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
- Can be used to build business credit.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
JR Capital stands out as a specialized equipment financing lender that can fund equipment in a variety of industries. The lender offers competitive rates and repayment terms, as well as flexible payment options. JR Capital also has higher funding maximum than other online competitors and doesn’t require a down payment.
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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 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
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
As a result of their speed and flexibility, however, same-day business loans usually have higher interest rates
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
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; 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.
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
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
Business lines of credit are more flexible than term loans and can be a good choice for emergency financing
Invoice factoring
With invoice factoring
You receive a percentage of the invoice amount upfront and the factoring company
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
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
You should consider all other financing options before turning to a merchant cash advance, however. These products, including ACH business loans
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
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.
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
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 - 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 - 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 - 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:
SBA Express loans
Business credit cards
Frequently asked questions
Where can you get a same-day business loan?
Can you get a same-day business loan with no credit check?
How soon can you get a business loan?
Last updated on May 19, 2025
How Fundera by NerdWallet works
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cost, speed, repayment schedule — can play a role in deciding which
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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.
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
