Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Same day to 3 business days
$5,000 to $250,000
31.30% Minimum APR offered to at least 5% of customers (not the lowest rate offered)
Up to 24 months
OnDeck is our top choice for same-day funding because while many lenders offer funding “as soon as the same day,” OnDeck is very transparent about which loans can actually be funded in less than 24 hours.
To qualify for same-day funding, your application must be submitted before 10:30AM EST on a normal business day (no weekends or holidays). Same-day loans aren’t available in California or Vermont, and while OnDeck’s loans go as high as $250,000, same-day loans cannot exceed $100,000. Loans funded by OnDeck’s partner, Celtic Bank, may not be available for same-day funding in some states — your lender will be disclosed after you apply, and you aren’t obligated to accept a loan after you’ve applied.
The application process only takes about ten minutes to complete, and you’ll find out if you’re eligible to get a loan today. If you don’t qualify for same-day funding, you can still get your funds in two to three business days. This means if you’re working with a strict timeline, OnDeck is one of your most reliable options. However, you’ll need to be prepared to make daily or weekly payments on your loan.
In order to qualify, you’ll need to meet OnDeck’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
As soon as same day
$25,000 to $600,000
1.11 factor rate
6 to 24 months
Credibly is our top choice for bad credit business loans, with the lender offering working capital for borrowers with scores as low as 500. This means if you’ve been turned down for a traditional loan, Credibly may be able to help. Loan amounts reach as high as $600,000 with payments due on a daily or weekly basis. Borrowers can expect to receive their funds as soon as the same day they apply — though it’s unclear when it might take longer, and what the high end of its funding timeline is.
However, your business will need to generate a decent amount of revenue to qualify. It’s also worth noting that Credibly charges a factor rate instead of an interest rate, which can make it more difficult to compare costs between lenders.
In order to qualify, you’ll need to meet Credibly’s criteria of:
Same day to 3 business days
$5,000 to $250,000
7.80%
Up to 12 months
With some of the lowest starting rates on this list, Bluevine is our top pick for borrowers with good or excellent credit. Interest rates start at 7.80%, but only the most eligible of applicants will qualify for the lowest rates.
With a Bluevine business line of credit, you can access up to $250,000 instantly with a connected Bluevine checking account. To transfer funds to a non-Bluevine account, you’ll need to pay an instant transfer fee of $15, otherwise funding could take up to three business days.
Your borrowed funds can be used for day-to-day or long-term business expenses, such as renovations, payroll services, marketing campaigns, equipment and more. However, Bluevine credit lines are not available in Nevada, North Dakota, South Dakota or U.S. territories.
In order to qualify, you’ll need to meet Bluevine’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
As soon as the next business day
Up to $150,000
4.66% for 12-week terms8.99% for 24-week terms
12 or 24 weeks
With the shortest time-in-business requirement on this list, Fundbox is our top pick for startup business loans, offering financing for businesses that have only been in operation for three months. With Fundbox’s business line of credit, you can borrow up to $150,000 as needed to optimize your cash flow and cover business expenses. When you make a withdrawal, you will typically receive your funds within one business day.
However, daily or weekly payments are required, and with relatively short terms lasting a maximum of 24 weeks, businesses will need to carefully consider their budget to avoid borrowing more than they can realistically afford to repay.
In order to qualify, you’ll need to meet Fundbox’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
As soon as the next business day
$5,000 to $100,000
Not disclosed
12 to 24 months
If you’re looking for a line of credit you can borrow against anytime you need fast funds, consider Headway Capital. With this line of credit, you can access up to $100,000 on an as-needed basis to cover payroll, marketing, inventory, equipment and other expenses. Simply make a withdrawal and you will receive your funds as soon as the next business day.
You’ll only pay interest on the funds you use and, unlike with other lenders, there are no monthly or annual service fees adding to the total cost of borrowing. Headway also offers longer repayment terms than other lines of credit on our list, like Bluevine and Fundbox, which gives you flexibility for larger purchases you want to pay off over a longer period of time.
However, Headway Capital does not disclose its interest rates, so businesses will need to apply to compare this with other loan offers.
In order to qualify, you’ll need to meet Headway Capital’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Same day to 2 business days
$5,000 to $1,500,000
1.13 factor rate
Varies based on sales volume
If you run a seasonal business with revenue that fluctuates throughout the year, traditional loans with fixed payments may put a strain on your business budget. Fora Financial’s revenue advance could be a better option.
Similar to a merchant cash advance, this type of financing provides a cash advance in exchange for a percentage of your future sales, meaning your payments will fluctuate with your sales. Depending on the amount of revenue your business generates, you could receive up to $1,500,000 in as quickly as 24 hours after approval. However, you’ll need to be prepared to pay origination and wire fees to receive your funds.
To qualify for a revenue advance, you’ll need to meet Fora Financial’s criteria of:
1 to 5+ business days
$5,000 to $250,000
Not disclosed
Up to 84 months
If you’re looking for a traditional business loan with the option for in-person support, consider U.S. Bank — a recognizable name with more than 2,000 branches located across 26 states.
While other big banks can take weeks or even months to process loan applications, U.S. Bank offers quick business loans that take only minutes to process and a handful of days to fund, though the exact time it takes to receive your funds will depend on the documentation required.
Although unsecured financing is available, you’ll need to pledge collateral to secure the lowest rates and highest loan amounts.
If you’ve been a U.S. Bank customer for less than 12 months, your business will need to be located in one of the following states to qualify: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin or Wyoming. If you live in North Carolina, South Carolina or Texas, your eligibility will depend on your ZIP code.
Eligibility will also depend on your business history. U.S. Bank doesn’t disclose the minimum credit score, time in business and annual revenue you’ll need to qualify, however. Apply online or contact the lender directly to learn if your business qualifies for a loan.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
As soon as the next business day
$5,000 to $500,000
1.11 factor rate
4 to 24 months
If you’re a relatively new business that has been in operation for at least six months, National Funding may be a good lender to consider. National Funding’s business loans go up to $500,000, which is significantly higher than some of the other startup-friendly options on this list.
Once you’ve accepted a loan offer, you’ll typically receive your funds the next business day.
National Funding also offers early payoff discounts, which may help you save on the cost of your loan in the long run but your business will need to have strong, steady revenue ($250,000 or more in annual sales) to qualify.
In order to qualify, you’ll need to meet National Funding’s criteria of:
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
within 4 to 24 hours
$500 to $5,000,000
7.99%
12 to 84 months
If you need to purchase new or used equipment for your business, Taycor Financial is one of your best options. Unlike other equipment lenders, which may require a down payment, Taycor offers 100% financing up to $5,000,000, with funds hitting your bank account within four to 24 hours after approval.
In addition to equipment financing, Taycor Financial also offers equipment leasing and refinancing options. The lender’s flexible eligibility requirements and repayment terms make this a great choice for startups and low-revenue businesses, but a personal guarantee may be required to secure the loan.
In order to qualify, you’ll need to meet Taycor Financial’s criteria of:
1 to 2 business days
$30,000 to $5,000,000
75% to 90%
0.75% to 3.50%
If your business has outstanding invoices, invoice factoring may be one of the fastest ways to access cash for your business without taking on extra debt. With this type of financing, you can sell unpaid invoices to a factoring company like altLINE and receive a cash advance — typically between 75% to 90% of the invoice’s value.
Once approved, you will receive your advance within 24 to 48 hours. The funds can be used to pay down debts, cover payroll, pay for startup expenses and more. However, you’ll need to pay origination and wire fees in exchange for altLINE’s help in collecting invoice payments.
Although altLINE runs a background and credit check for all applicants, you don’t need to meet minimum credit score or business history requirements. Instead, altLINE focuses on your invoice balances, due dates and your clients’ credit profiles during the approval process.
A fast business loan is a type of small business financing that typically delivers funds within one to three business days. Generally offered by online lenders, quick business loans use a streamlined application process to assess your eligibility quicker than traditional banks.
Fast small business loans tend to have flexible qualification requirements, making them accessible for startups, bad credit borrowers or those who don’t qualify for traditional financing.
| Pros | Cons |
|---|---|
Get the funds you need within one to three business days Ideal for low-credit borrowers and startups Various types of loan products to tackle most business needs | Lenders may charge high interest rates in exchange for fast funding May offer smaller loan amounts than traditional banks and SBA lenders Collateral or personal guarantee may be required |
