Fast Financing: Where to Get Quick Business Loans

Maybe your business has a short-term cash flow gap from unpaid invoices or you’ve had an unexpected expense come up -- whatever the case, you need cash fast. To help you get quick access to money, we researched over 20 different lenders to find lenders that provide funding within a few days and for a variety of borrowers.

Quick Business Loans for Bad Credit

Even if you have less than stellar personal credit, many of the lenders below are willing to work with you and your business and provide you with quick access to question. For borrowers with personal credit scores under 550, Kabbage, OnDeck, Fundbox, PayPal Working Capital, BlueVine and Currency all offer loan products requiring low or no minimum credit scores. Other lenders, such as QuarterSpot and SnapCap, only require a minimum credit score of 550 to apply.

LenderFunding TimeProductsRatesMin. Credit Score
PayPal Working CapitalSame dayWorking Capital Loan15.00% - 30.00%NoneApply
FundboxAs fast as next business dayInvoice financing, line of credit13.00% - 60.00%NoneApply
KabbageAs fast as same dayLine of credit20.00% - 80.00%NoneApply
CrediblyAs fast as 48 hoursLoan1.15x - 1.49xNoneApply
CurrencyAs fast as one dayLoan, cash advance8.00% - 36.00%475Apply
OnDeckAs fast as 24 hoursLoan9.30% - 99.70%500Apply
BlueVineAs fast as one dayInvoice factoring15.00% - 78.00%600Apply
QuarterSpotAs fast as one business dayLoan20.00% - 48.00%550Apply
SnapCapAs fast as 24 hoursLoan19.99% - 49.99%550Apply

Before applying, consider how you plan to use the funds and what type of loan product is best suited for your needs, as each lender above offers something a little bit different. If you need money for working capital purposes, for instance, a line of credit from Kabbage might be your best choice. Alternatively, invoice factoring from BlueVine or Fundbox can be great to fix any short-term cash flow gaps. For PayPal merchants, PayPal Working Capital and Kabbage both fund directly to your PayPal account.

Fast Unsecured Business Loans

If you need to get an unsecured business loan quickly, you can rest assured as many online lenders and even national banks offer quick unsecured business loans up to $100,000 or more. Some of the lenders we picked for borrowers with poor credit also offer unsecured business loans -- lenders such as Fundbox, Kabbage and Credibly. And if you have good credit, LendingClub, Wells Fargo and PNC Bank offer unsecured online loans and lines of credit up to $100,000 with competitive interest rates.

LenderFunding TimeProductsRatesMin. Credit Score
PayPal Working CapitalSame dayWorking Capital Loan15.00% - 30.00%NoneApply
FundboxAs fast as next business dayInvoice financing, line of credit13.00% - 60.00%NoneApply
KabbageAs fast as same dayLine of credit20.00% - 80.00%NoneApply
CrediblyAs fast as 48 hoursLoan1.15x - 1.49xNoneApply
CurrencyAs fast as one dayLoan, cash advance8.00% - 36.00%475Apply
BlueVineAs fast as one dayInvoice factoring15.00% - 78.00%600Apply
QuarterSpotAs fast as one business dayLoan20.00% - 48.00%550Apply
LendingClub*7+ business daysLoan7.77% - 35.11%620Apply
Wells Fargo1 - 3 daysLoan, line of credit5% - 22.99%GoodVisit Website
PNC Bank1 - 3 daysLoan, line of creditVariesGoodVisit Website

*LendingClub requires collateral for loans over $100,000.

Quick Startup Business Loans

If you own a new business or startup, getting funding through traditional or online lenders can be challenging. Most banks won’t lend to businesses that are less than two years old, and many online lenders also impose time in business requirements, ranging from three months to two years. So if you need quick access to cash as a startup, we suggest the following options:

  • Personal loans: Most personal loans are unsecured, and many can be used for business purposes. Because the loan is a personal loan, there are no requirements regarding your business, making these perfect for a startup or new business. Instead, you’ll need to have a fair to good personal credit score if you want get approved. Lenders such as SoFi, Discover Personal Loans, Upstart, Best Egg and Prosper all allow you to use funds for business purposes. Similar to online business lenders, these lenders offer online applications and quick funding times.
  • Small business credit cards: Like personal loans, small business credit cards don’t require your business to meet specific eligibility criteria. Getting approved for a credit card is solely based on your personal credit history. While the limit on a business credit card may not be as high as on a personal loan, you can earn points, rewards and sign-up bonuses to use for future purchases or travel. Chase, American Express and Capital One all offer excellent business credit cards.

You may also want to consider non-loan options such as crowdfunding or a Rollover as Business Startups (ROBS) plan. Crowdfunding can be a great way to raise money for a product or service over the course of a few weeks; however, there’s a lot of legwork involved in promoting and raising awareness of your campaign. You can set up a crowdfunding campaign on a major website like Kickstarter or Indiegogo for maximum exposure.

If you have substantial retirement funds, a ROBS plan will allow you to use those funds to start or buy a business. ROBS plans are not without their risks, but they can be an attractive option to start a business debt-free. Due to the tax complexity (and thus potential for error), it’s generally recommended to use a third-party administrator to set up a ROBS plan for your business. Major ROBS plan providers are Guidant Financial, Benetrends, FranFund and CatchFire Funding. It takes one to three weeks, on average, to complete a ROBS transaction.

Other Quick Business Loans to Consider

If the lenders above don’t meet your needs, we’ve compiled an additional list of online and traditional lenders who can provide funding within one to two weeks. These lenders may require you to secure the loan with collateral, have a good credit score or significant time in business to be eligible.

LenderFunding TimeProductsRatesMin. Credit Score
StreetSharesAs fast as same dayLoan, line of credit8.00% - 39.99%600Apply
Funding Circle10 business daysLoan7.35% - 33.00%620Apply
SBA1 - 10 days SBA Express loanVariesApply
Live Oak Bank10+ daysLoanVariesVariesVisit Website

Compare Small Business Loans

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