As a business owner, you know that time is money. When you need quick cash to keep your business running smoothly, traditional loans may not be the best option. That’s where quick business loans come in. These loans are designed to provide fast funding for businesses in need, without the hassle and long wait times of traditional loans. In this article, we’ll explore the top quick business loans available and how they can benefit your business.
Quick business loans are a type of financing that is designed to provide fast funding for businesses in need. These loans are typically unsecured, meaning they do not require collateral, and can be obtained in a matter of days, rather than weeks or months. This makes them an ideal option for businesses that need cash quickly to cover unexpected expenses, take advantage of growth opportunities, or bridge a gap in cash flow.
In case you are considering taking a loan but have nothing to offer, worry no more, here is how to get small business loans without collateral.
When it comes to quick business loans, there are several options available. The best quick business loans offer competitive interest rates, flexible repayment terms, and fast approval times. Let’s take a closer look at some of the top options on the market.
Best Quick Business Loans:
1. OnDeck
OnDeck is a leading online lender that offers fast business loans with a simple application process. With OnDeck, you can apply for a loan online and receive a decision in minutes. If approved, you can receive funding in as little as 24 hours. OnDeck offers loans up to $500,000 with repayment terms ranging from 3-36 months.
2. Kabbage
Kabbage is another online lender that offers quick business loans. With Kabbage, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. Kabbage offers loans up to $250,000 with repayment terms ranging from 6-18 months.
3. BlueVine
BlueVine is an online lender that offers fast business loans and lines of credit. With BlueVine, you can apply for a loan online and receive a decision within 24 hours. If approved, you can receive funding in as little as 24 hours. BlueVine offers loans up to $250,000 with repayment terms ranging from 6-12 months.
Best Fast Business Loans:
1. Fundbox
Fundbox is an online lender that offers fast business loans and lines of credit. With Fundbox, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. Fundbox offers loans up to $100,000 with repayment terms ranging from 12-24 weeks.
2. Lendio
Lendio is an online marketplace that connects small businesses with lenders. With Lendio, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. Lendio offers loans up to $500,000 with repayment terms ranging from 1-5 years.
3. SmartBiz
SmartBiz is an online lender that offers fast business loans and SBA loans. With SmartBiz, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 7 days. SmartBiz offers loans up to $350,000 with repayment terms ranging from 10-25 years.
Fast Cash Business Loans:
1. PayPal Working Capital
PayPal Working Capital is a financing option for businesses that use PayPal for their transactions. With PayPal Working Capital, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. PayPal Working Capital offers loans up to $300,000 with repayment terms ranging from 13-52 weeks.
2. Square Capital
Square Capital is a financing option for businesses that use Square for their transactions. With Square Capital, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. Square Capital offers loans up to $250,000 with repayment terms ranging from 3-18 months.
3. Amazon Lending
Amazon Lending is a financing option for businesses that sell products on Amazon. With Amazon Lending, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. Amazon Lending offers loans up to $750,000 with repayment terms ranging from 1-12 months.
Get Business Loan Fast:
1. National Funding
National Funding is an online lender that offers fast business loans and equipment financing. With National Funding, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. National Funding offers loans up to $500,000 with repayment terms ranging from 3-5 years.
2. Fora Financial
Fora Financial is an online lender that offers fast business loans and merchant cash advances. With Fora Financial, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. Fora Financial offers loans up to $500,000 with repayment terms ranging from 4-18 months.
3. Credibly
Credibly is an online lender that offers fast business loans and merchant cash advances. With Credibly, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 24 hours. Credibly offers loans up to $400,000 with repayment terms ranging from 6-18 months.
Best Short Term Business Loans:
1. LendingClub
LendingClub is one of the best short term business loan provider, it is an online marketplace that connects borrowers with investors. With LendingClub, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 7 days. LendingClub offers loans up to $500,000 with repayment terms ranging from 1-5 years.
2. Prosper
Prosper is an online marketplace that connects borrowers with investors. With Prosper, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 7 days. Prosper offers loans up to $40,000 with repayment terms ranging from 3-5 years.
3. Funding Circle
Funding Circle is an online marketplace that connects borrowers with investors. With Funding Circle, you can apply for a loan online and receive a decision within minutes. If approved, you can receive funding in as little as 7 days. Funding Circle offers loans up to $500,000 with repayment terms ranging from 6 months to 5 years.
Need Money for Business Fast:
1. Accion
Accion is a non-profit lender that offers fast business loans to small businesses. With Accion, you can apply for a loan online and receive a decision within 24 hours. If approved, you can receive funding in as little as 2 days. Accion offers loans up to $250,000 with repayment terms ranging from 6-60 months.
2. Opportunity Fund
Opportunity Fund is a non-profit lender that offers fast business loans to small businesses. With Opportunity Fund, you can apply for a loan online and receive a decision within 24 hours. If approved, you can receive funding in as little as 2 days. Opportunity Fund offers loans up to $250,000 with repayment terms ranging from 6-60 months.
3. LiftFund
LiftFund is a non-profit lender that offers fast business loans to small businesses. With LiftFund, you can apply for a loan online and receive a decision within 24 hours. If approved, you can receive funding in as little as 2 days. LiftFund offers loans up to $1 million with repayment terms ranging from 6-60 months.
In conclusion, quick business loans are a valuable tool for businesses in need of fast funding. With a variety of options available, it’s important to research and compare lenders to find the best fit for your business. Remember to always read the terms and conditions carefully and only borrow what you can afford to repay.
With the right quick business loan, you can keep your business running smoothly and take advantage of growth opportunities. Are you an entrepreneur considering taking a loan, here are top 13 best small business lenders for entrepreneurs.
