Same-day funding available
$5,000 to $600,000
1.11 factor rate
6 to 24 months
Credibly takes the lead with same-day business loans — with approvals taking four hours or less and funds typically available within 24 hours. If you’ve been turned down for a traditional bank loan, Credibly is ready to help with flexible eligibility requirements and a solid support team.
In addition to working capital loans and merchant cash advances, you can work with one of Credibly’s partners to get an SBA loan, line of credit, equipment loan, invoice factoring or other financing solution for your small business.
In order to qualify, you’ll need to meet Credibly’s criteria of:
Same-day funding available
$5,000 to $250,000
27.30% Minimum APR offered to at least 5% of customers (not the lowest rate offered)
Up to 24 months
OnDeck provides short-term business loans of up to $250,000 to help cover supplies, expansions, inventory, payroll and more. With OnDeck’s streamlined application process, you could receive funds the same business day you’re approved. Since OnDeck reports to the major credit bureaus, on-time payments could improve your business credit profile and help you qualify for more business financing in the future.
You can also access up to $100,000 with an OnDeck business line of credit, only paying interest on withdrawn amounts.
In order to qualify, you’ll need to meet OnDeck’s criteria of:
Next business day
$5,000 to $100,000
Not disclosed
12 to 24 months
A Headway Capital working capital loan allows you to withdraw up to $100,000 on an as-needed basis to cover payroll, marketing, inventory, equipment or seasonal dips in revenue. You only pay interest on the amounts you use, although a 2% draw fee may apply, depending on where your business is located.
While Headway Capital doesn’t disclose minimum credit score requirements, it follows a holistic approach when evaluating your application and looks at factors beyond your credit score.
In order to qualify, you’ll need to meet Headway Capital’s criteria of:
Same-day funding available
$6,000 to $250,000
7.80%
6 or 12 months
With a Bluevine business line of credit, you can access up to $250,000 instantaneously if you already have a Bluevine checking account (otherwise it can take up to 24 hours).
Funds can be used for day-to-day or long-term business expenses, such as renovations, payroll services, marketing campaigns, equipment and more. Bluevine doesn’t charge any monthly or maintenance fees, only interest on the funds you withdraw.
Bluevine also offers a high-interest business checking account, as well as business term loans — although the term loans are managed by third-party lenders.
In order to qualify, you’ll need to meet Bluevine’s criteria of:
24 to 48 hours
$5,000 to $1,500,000
1.15 to 1.40 factor rate
4 to 18 months
Fora Financial is one of our top picks for a bad credit business loan with a low minimum credit score of 570 and only six months of business history required. Additionally, you don’t need to provide collateral and could receive funds of up to $1,500,000 as quickly as 24 hours after approval.
If you’re looking for additional types of small business financing, Fora Financial can refer you to their network of third-party partners.
In order to qualify, you’ll need to meet Fora Financial’s criteria of:
Next business day
Up to $150,000
4.66% to 8.99%
4.66% for 12-week
8.99% for 24-week
3 to 12 months
If you’re looking for a fast startup business loan with a low minimum credit score and short time-in-business requirement, you can consider a business line of credit with Fundbox.
Early-stage startups can access up to $150,000 in revolving funds after being in operation for at least three months. There are no hidden fees — you only pay interest on the amounts withdrawn.
You can also upgrade to Fundbox Plus for $99 a month to unlock 20% less on fees while taking advantage of extended repayment terms and other exclusive benefits.
In order to qualify, you’ll need to meet Fundbox’s criteria of:
Within minutes
$5,000 to $250,000
8.49% With autopay from a U.S. Bank account
Up to 60 months
For companies wanting a traditional bank business loan with in-person support, U.S. Bank offers a quick business loan that takes only minutes to process and fund. There are currently over 2,000 branches in 27 states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin and Wyoming.
Although unsecured financing is available, you can unlock the lowest rate by pledging collateral and setting up automatic monthly payments. U.S. Bank also offers business checking accounts, payroll services, SBA loans and more.
In order to qualify, you’ll need to meet U.S. Bank’s criteria of:
24 hours
$5,000 to $500,000
1.11 factor rate
4 to 24 months
National Funding offers unsecured business loans of up to $500,000 with no collateral or down payment required. Funds can go toward working capital, marketing, inventory, payroll, business taxes and more. In addition to providing a dedicated Funding Specialist to help you take your business to the next level, National Funding offers early payoff discounts, flexible repayment terms and a low minimum credit score requirement.
In order to qualify, you’ll need to meet National Funding’s criteria of:
within 4 to 24 hours
$500 to $5,000,000
7.90%
12 to 84 months
If you need to purchase new or used equipment for your business, Taycor Financial offers 100% financing up to $5,000,000 — with funds hitting your bank account within four to 24 hours. Taycor Financial’s lenient eligibility requirements and flexible repayment terms makes it a great choice for startups, low-revenue or bad credit businesses.
Other funding options include commercial bridge loans, term loans, lines of credit, accounts receivable factoring, SBA loans and more.
In order to qualify for equipment financing, you’ll need to meet Taycor Financial’s criteria of:
Note that Taycor Financial may have different eligibility criteria for other business loan products.
24 to 48 hours
$30,000 to $5,000,000
Up to 90%
0.75% to 3.50%
If you need quick business funding, consider using an invoice factoring company like altLINE to get cash advances on your unpaid invoices. Once approved, you can receive up to 90% of the value of your invoices within 24 to 48 hours. Funds can help pay debts, cover payroll, cover startup expenses and more.
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.
In order to qualify, you’ll need to meet altLINE’s criteria of:
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 | Typically have high interest rates Smaller loan amounts than traditional banks and SBA lenders Collateral may be required to secure the lowest rate |
