Fast Business Loans
Business financing options from National Business Capital offer fast funding and support from our expert Business Finance Advisors.
Our fast and easy application takes minutes to complete and returns rapid approval decisions.
Fast Business Loans — Get Cash in 24 Hours
Quick business loans are a great way to keep operations running smoothly during seasonal slumps or when emergency expenses arise. However, fast business loan rates can be challenging–they come with short repayment terms and high interest charges!
When choosing the best fast small business loans, it’s important for entrepreneurs and small business owners to be aware of their qualifications requirements as well as how quickly they can get funding.
There are times when the unexpected happens. Maybe a business expense you didn’t anticipate pops up, or you’re presented with a new opportunity – but you need to act fast. When you don’t have time to waste, opt for fast business loans. These funding solutions cut out long processing times to give you access to the capital you need in hours.
You don’t want to become stagnant due to financial issues or simply miss the perfect opportunity to take things to the next level. Getting a small business loans online approval in a short time frame is critical to pushing your company forward, no matter what you’re trying to accomplish.
Fast business funding can be the right solution that your company needs to thrive in a highly competitive market. Here’s everything you’ll need to know about quick small business loans and some tips on how to achieve a fast approval.
Small Business Loan Rates, Terms, and Amounts
Credit Score
No Minimum FICO Requirement
Funding Amounts
$100,000 - $10 million
Fast Process
Approved in Under 24 Hours
Nationwide
Financing Available in All 50 States
Types of Fast Business Loans
| Type of Business Loan | Time to Fund | How It Works |
|---|---|---|
| Small Business Loans | 24h | Flexible or fixed financing options for any use by any industry, with terms ranging from 6 months to 10 years. Find fast secured business loans or unsecured options. |
| Business Line of Credit | 24 to 48h | True revolving lines of credit. Get the cash you need at the ready to take on any spontaneous opportunity or squash any challenge. |
| Equipment Financing | 24 to 48h | Purchase, lease, or upgrade new or used equipment, and lower your cost of capital by not paying out of pocket. With no collateral leverage other than the equipment itself, equipment loans from NBC are an obvious choice for business owners across all industries seeking fast equipment funding. |
| Hybridge SBA Loan | 24 to 48h | The fastest, easiest SBA Loan product on the market, offered exclusively by NBC. Get cash in advance of your SBA loan in as little as 24 hours, and get your expedited SBA funds as soon as 45 days – that’s 4x faster than banks! |
| Revenue-Based Financing | 24 to 48h | Leverage your cash flow for access to short term capital. The less you make, the less you have to pay. Flexible financing with fully accommodating repayment terms. |
Curious about which option is best for you? Get connected with a Business Finance Advisor to discuss your options!
What Is a Fast Business Loan?
A fast business loan is a funding solution that’s processed and available in your bank account within 24 to 48 hours – or sooner. They’re an alternative to traditional bank loans, which are notoriously slow and can take several weeks.
If you’re a business that needs a small business loan immediately, most traditional options won’t work in your favor. Banks and credit unions can take anywhere from 60 to 90 days to process your application, whereas non-bank lenders can have the money available in your account within 24 hours in some cases.
What Are the Alternatives to Fast Business Loans?
Regardless of the challenges your business is facing, the problem remains the same: you need money. Instant small business loans aren’t the only way you can get fast working capital for your business, but for most business owners, they’re the best.
When you need cash to grow your business, you have three options:
- Get a fast business loan
- Sell equity
- Save profits to reinvest
Selling equity means you forfeit a portion of your profits forever and may also involve losing full control or direction. Saving profits, on the other hand, can take forever—especially when you’re putting a lot of cash toward operating costs like payroll.
Based on the options, most business owners turn to outside cash in the form of fast business loans.
At National Business Capital, you can get your business funded through a fast, simple, and easy process.
National Business Capital, a Specialty Finance Group
Since 2007, our team has accelerated business growth nationwide.
- $2+ Billion Secured
- Market Leaders in $100k to $5M Transactions
- 5-Star Reputation
You Don’t Just Need Fast Business Loans, You Need the Right One
As you probably know, banks may offer the lowest interest rates, but they can’t compete when it comes to speed and convenience. That being said, there are many places where you can get a fast business loan.
To truly fuel your long-term growth, your business needs a program that fits your needs, goals, and financials. If you act fast and accept the first option on the table, though, then you may not be going down the best path for your business.
Unfortunately, most direct lenders offer only one or a few options. Brokers may offer more, but they are limited by the lenders they work with.
National’s marketplace includes over 75 leading small business lenders, putting all of the best small business loan programs in one place. After you apply, you gain access to the best options on the market.
How to Get a Small Business Loan
National Business Capital’s Fast Business Loan Application Process
Wondering how it works?
At National Business Capital, our loan process is geared toward helping you understand the options available in our diverse lender marketplace, selecting the one that works best for you, then getting the funds into your account so you can get started right away.
We move quickly to find your options, help you get the information you need to make a decision and get your business funded. If you’re looking for the fastest way to get a small business loan, look no further than National’s award-winning team!
- Apply Securely Within Minutes – Move through our streamlined application within minutes and upload your business documents with zero risk.
- Review Your Offers – Compare your offers with expert advice from our team and select the best one for your specific circumstances.
- Receive Your Money – Seize an immediate opportunity to grow your business or tackle a new challenge with confidence.
Our fast-paced process is designed to help your business get the best funding option and not lose out on your opportunity.
Easy Application
When it comes to the application process, waiting around for an answer is only half the time you’re spending. As a business owner with important things to accomplish, you also have to consider the time spent applying and gathering paperwork.
At a bank, the list of paperwork you need to submit alone can be daunting. You may have to spend hours of your own time working with your accountant to gather the paperwork, including:
- Business licenses and permits
- EIN
- Income statements
- Balance sheet
- Your commercial lease
- Business debt schedule
- Payroll
- Entity structure
Depending on your situation, you may also have to provide more than that.
National’s fast business loan process not only saves you weeks when it comes to getting funding but also valuable time. Instead of sifting through files or making calls, you can connect your bank accounts with the click of a button and move on to the next step.
How to Get a Fast Business Loan
If you’re in need of fast small business funding, your first step is to research lenders who offer this type of financing. Most banks and credit unions won’t be able to pull this off in such a short time frame, so you should explore non-bank options that apply to your business and goals.
The non-bank lending world is vast, and there are many different types of lenders with different specifications on which industries they work with. This can feel overwhelming at first, but don’t worry – there’s an easy answer right in front of you.
FinTech marketplaces, like National Business Capital, combine numerous non-bank lenders into one centralized platform, allowing you to apply once and receive multiple offers. You can absolutely conduct research on your own, but if you need a small business loan immediately, working with a marketplace can save you time and effort.
Minimum Requirements and Qualifications
If you’re looking to get a business loan as fast as possible, you’ll need to make sure your business meets minimum lending requirements.
Here’s what you’ll need to work with National Business Capital.
- 1+ Year in Business
- $500K in Annual Revenue
- Business Bank Account
- Business Plan
- Proof of Ownership
- Relevant Licenses and Registrations
Your dedicated Business Finance Advisor navigates our lender marketplace and brings back offers from lenders most likely to yield a competitive offer. Then, we advocate on behalf of your business’s potential to fine-tune the contract to best suit your business and where it’s headed.
Related: Types of Commercial Business Loans
Why Choose National Business Capital for Fast Business Loans?
If you go about the process the wrong way, then getting financing through traditional lenders can be time-consuming and complex. With documentation requirements, sky-high credit standards, and lengthy review windows, traditional lenders simply aren’t the fastest way to get a business loan.
At National, we’re here to ensure that you can grow your business on your own schedule—not based on loan application review timeframes.
Our rapid process—which includes speedy decisions and responsive Business Financing Advisors who provide advice tailored to you—ensures that you get the fast small business funding you need to grow.
Don’t miss your opportunity to grow and lose out to the competition! Apply in just 60 seconds to get started learning your options!
National’s marketplace includes over 75 leading small business lenders, putting all of the best small business loan programs in one place. After you apply, you gain access to the best options on the market.
What Are the 5 Most Popular Fast Business Loans?
Here are the five most popular fast business loan options, although the choice that’s best for you will depend on your unique circumstances.
- Term Loans: These loans, which can be either secured or unsecured, provide a lump sum of money. They typically have fixed interest rates and require repayment over one to five years through equal monthly installments. While they can be utilized for a variety of business expenses, these loans often have strict eligibility criteria and tend to impose higher interest rates on newly established businesses.
- Business Lines of Credit: Lines of credit offer greater flexibility. You can draw funds as needed and only pay interest on the amount you borrow. They function similarly to business credit cards, with the credit line replenishing as you repay the balance. However, be aware that there may be a draw period, a specific time frame during which you can access the funds.
- Revenue-Based Financing: Revenue-based financing offers short-term funding, particularly suited for profitable businesses with less established business credit. The borrowing amount is tied to your daily sales. Unlike traditional loans with interest rates, revenue-based financing utilizes factor rates, which are a fixed decimal number multiplied by your funding amount to determine the cost of capital. Interest doesn’t accumulate over time, and early repayment won’t reduce the total cost of capital.
- Inventory Financing & Factoring: These financial solutions, though not strictly loans, enable you to utilize unpaid invoices to quickly secure working capital. You can receive funding for up to 85% of the total invoice value, but it’s important to note a crucial distinction between the two approaches. In invoice factoring, you sell the invoice to the lender, who then pays you the remaining balance minus factor fees. On the other hand, with invoice financing, you receive the funds and are responsible for repaying the lender the advanced amount along with any relevant fees.
- Equipment Financing: Equipment financing is a specific kind of business loan designed for buying business-related equipment. The equipment you buy serves as the collateral, which is particularly beneficial for business owners lacking other assets for loan security. This type of loan typically comes with a fixed interest rate, a repayment term of up to 10 years, and a consistent monthly payment. You can obtain an equipment loan from banks, credit unions, or specialized equipment financing companies, but you might need to make a down payment ranging from 10 to 20 percent to secure the loan.
Guide to Small Business Loans
Fast Business Loans FAQs
How Fast Can I Get a Business Loan?
Fast business loans have funding times as quick as 24 hours and sometimes even less. To qualify for these loans, you’ll have to work with an online lender or a business financing marketplace, like National.
How Can I Get a Business Loan on the Same Day?
National is a business financing marketplace offering a wide variety of fast business loans – with processing times within 24 hours or less. Browse personalized offers based on your credit score and other criteria.
Are Small Business Loans Easy to Get?
The honest answer? It depends. If you find the right lender and your business meets all the relevant eligibility criteria, then it’s not easy to secure a small business loan. However, if you don’t meet the eligibility criteria or you’re working with the wrong lender for your business type, then it can get challenging.
Banks and credit unions tend to uphold strict qualifications, which limits the number of businesses they can work with. Non-bank lenders, on the other hand, have much looser eligibility criteria. Although the interest rates will be higher, non-bank lenders offer alternative financing programs and fast small business loans. For many businesses, these benefits can outweigh the increased cost of capital.
What’s the Fastest Way to Get a Loan With No Credit?
Non-bank lenders. Most banks and credit unions will require a high FICO score, but non-bank lenders don’t hold this qualification as highly. At National Business Capital, you can secure equipment financing with no credit score as long as you’ve been in business for 6+ months and make $500k+ in annual gross sales.
For the best results, it’s worthwhile to work with marketplaces. They combine multiple non-bank lenders into one single platform, some of which work with businesses with low to no credit. Going this route essentially eliminates the research entrepreneurs would have to do before
finding the right lender for their business, which can save significant time and effort.
What Is the Minimum Credit Score for a Fast Business Loan?
Lenders typically want to see at least a 580+, but there are a few specialized non-bank lenders that work with businesses with poor or no credit history. However, the lenders that work with lower credit businesses offer higher interest rates on average.
It’s a trade-off, but if you need funds to pursue revenue-driving opportunities or plug a challenge in your business, it’s worthwhile to consider.
How Hard Is It to Get a Fast Business Loan?
Getting fast business funding from a bank can be difficult, especially if your company has bad credit, tax liens, poor or fluctuating sales, previously missed payments, or has been in business for a very short time. It’s not that fast either – because of this thorough process, banks may not get back to you in weeks or even months.
Even though their interest rates are lower, banks have a lot of strict requirements that companies should meet, making 24-hour instant small business loans borderline impossible.
Your personal credit score isn’t a deal breaker when it comes to applying for quick small business loans through non-bank lenders. Your business can qualify based on annual revenue and where you’re going, regardless of credit scores.
How Much Will a Fast Business Loan Cost?
Obtaining a rapid business loan might be more expensive than a standard business loan, depending on the lender. Fast business loans often have short repayment terms and high interest rates as a trade-off for the lender’s quick approval process. The annual percentage interest rates (APRs) for these loans can range from 5% to 75%, with the lowest rates typically available to those with the strongest credit profiles. Additionally, be mindful of potential fees, such as one-time application fees, credit check fees, or recurring fees for each withdrawal from a line of credit.
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