Quick loans for companies in the USA
Find out how fast business loans in the USA provide quick access to funds through en línea or alternative lenders.
With maleable qualification requirements and a fast approval process, these loans offer immediate financing in one to two business days, making them a valuable option to fuel business growth.
Join us in this Gigonway guide and discover the best fast lenders for your business.
LenderMaximum Loan AmountEstimated Annual Percentage Rate (APR)Maximum Loan TermAnnual Income RequirementsMinimum Credit ScoreApplication Time
SBG Funding
$5 million
Variable
7 years
$120,000
500
10 minutes
lendio
$5 million
Variable
10 years
$50,000
650
15 minutes
fundbox
$150,000
10% onwards
6 months
$100,000
600
5 minutes
National Funding
$500,000
Variable
5 years
$250,000
600
20 minutes
BlueVine
$250,000
6.2% onwards
12 months
$480,000
625
5 minutes
QuickBridge
$500,000
5% onwards
24 months
$250,000
600
20 minutes
OnDeck
$250,000
29.9% and up
24 months
$100,000
625
15 minutes
Smarter Finance USA
$1 million
7% onwards
5 years
None
None
5 minutes
Fora Financial
$1.4 million
35% onwards
15 months
$144,000
500
5 minutes
1.
SBG Funding: Best overall for its easy qualification requirements
application time
10 minutes
approval time
24 hours
funding speed
The same day
repayment term
Term loan: 12 months to 5 yearsCredit line: 6 to 24 monthsEquipment Financing: 1 to 7 years
Payment calendar
Fortnightly, weekly and monthly
Type of financing
Term loan, line of credit, equipment financing and invoice financing
Initial interest rate
Term loan and line of credit: 1.75% per monthEquipment Financing: 3.75% per monthInvoice financing: 0.25% weekly
estimated APR
Varies by loan product
origination fee
It varies
loan amount
Term loan: up to $5 millionCredit line: Up to $150,000Equipment Financing: up to $5 millionInvoice financing: Up to 90% of accounts receivable
minimum credit score
500
Minimum time in business
6 months
Minimum Annual Income
$120,000
PROS CONS
Same day financing is available
The origination fee is not known until after the application is filed
Low credit score requirement
Interest rates perro be much higher for borrowers with low credit scores
Compañia emprendedora friendly as only six months of time in business is required
Visit SBG Funding
2.
Lendio: Best overall for multiple loan options
application time
15 minutes
approval time
In just 24 to 48 hours
funding speed
24 hours
repayment term
1 to 10 years
Payment calendar
Monthly
Type of financing
Accounts Receivable (A/R), Term Loan, Business Cash Advance, and Equipment Financing
Initial interest rate
A/R: 3%Term loan: 6%Equipment Financing: 7.5%Cash advance: 18%
estimated APR
Varies by type of loan
origination fee
Varies by type of loan
loan amount
A/R: Up to 90% of accounts receivableTerm loan: $10,000 to $2 millionEquipment Financing: $5,000 to $5 millionCash advance: $5,000 to $2 million
minimum credit score
Equipment Financing: 650Term loan: 680
Minimum time in business
Term loan: 2 yearsEquipment Financing: 1 year
Minimum Annual Income
Term loan: $96,000Equipment Financing: $50,000
PROS CONS
Great network of lenders
Qualification requirements are not known until after you apply
Multiple loan options
The personal guarantee may be required as a condition for loan approval
Fast approval process
Terms and fees vary by loan program
Visit Lendio
3.
Fundbox: Best Small Business Line of Credit with Fast Approvals
application time
5 minutes
approval time
3 minutes
funding speed
24 hours
repayment term
12 or 24 weeks
Payment calendar
Weekly
Type of financing
Credit line
Initial interest rate
4.66%
estimated APR
10% to 79%
origination fee
None
loan amount
Up to $150,000
minimum credit score
600
Minimum time in business
6 months
Minimum Annual Income
$100,000
PROS CONS
Approval perro be issued in a matter of minutes
The maximum loan amount is $150,000
Easy qualification requirements
The longest repayment term is 24 weeks
Low initial interest rates
Scheduled repayment limited to weekly payments
Visit Fundbox
4.
National Funding: Best for companies looking for excellent customer service
application time
20 minutes
approval time
24 hours
funding speed
24 to 72 hours
repayment term
4 months to 5 years
Payment calendar
Daily, weekly and monthly
Type of financing
Term loan, working capital, equipment financing and leasing
Initial interest rate
Aspecto rate from 1.1 to 1.3x
estimated APR
It varies
origination fee
1% to 3%, but cánido vary depending on the type of loan
loan amount
$5,000 to $500,000
minimum credit score
600
Minimum time in business
6 months
Minimum Annual Income
$250,000
PROS CONS
Multiple options for payment schedule
High annual income requirement of $250,000
Fast speed of application and approval
Longer-term loans of more than a year may be more difficult to qualify for.
Startup friendly as only six months of time in business is required
The best interest rates are usually only found on short-term loans
Visit National Funding
5.
Bluevine: The best line of credit for well-qualified companies
application time
5 minutes
Time of approval
5 minutes
funding speed
24 hours
repayment term
up to 12 months
Payment calendar
weekly and monthly
Type of financing
Credit line
Initial interest rate
6.2%
estimated APR
6.2% to 78%
origination fee
None
loan amount
Up to $250,000
minimum credit score
625
Minimum time in business
24 months
Minimum Annual Income
$480,000
PROS CONS
Low initial interest rate
High annual income requirement of $480,000
Fast en línea application and approval process
Short repayment term of 12 months
Additional payment options available for well-qualified companies
Offers only one line of credit product
Visit Bluevine
6.
QuickBridge: Best for a smooth application process
application time
20 minutes
approval time
24 hours
funding speed
24 hours
repayment term
up to 24 months
Payment calendar
daily, weekly
Type of financing
term loan
Initial interest rate
5% (aspecto rate 1.10x)
estimated APR
5% and more
origination fee
1% to 3%
loan amount
$10,000 to $500,000
minimum credit score
600
Minimum time in business
6 months
Minimum Annual Income
$250,000
PROS CONS
Fácil documentation requirements
Payment options limited to daily and weekly installments
Fast requests and approvals
The maximum term of the loan is 24 months.
Ability to work with a financing specialist after applying
The origination fee cánido be high for some loan applications
Visit QuickBridge
7.
OnDeck: The best line of credit to quickly access withdrawn funds
application time
15 minutes
approval time
1 to 3 days
funding speed
The same day
repayment term
Term loan: 24 monthsCredit line: 12 months
Payment calendar
Term loan: daily, weeklyCredit line: Weekly
Type of financing
Term loan and line of credit
Initial interest rate
9%
estimated APR
29.9% and up
origination fee
0% to 4%, but may vary
loan amount
Term loan: $5,000 to $250,000Credit line: $6,000 to $100,000
minimum credit score
625
Minimum time in business
1 year
Minimum Annual Income
$100,000
PROS CONS
Provides instant access to funds withdrawn in a line of credit
The line of credit has a monthly maintenance fee
You perro borrow additional funds once 50% of the original loan has been paid off
High Average APR
Fast application process
The maximum amount of the line of credit loan is $100,000
Visit OnDeck
8.
Smarter Finance: Best for equipment financing
application time
5 minutes
approval time
1 to 2 days
funding speed
1 to 4 days
repayment term
2 to 5 years
Payment calendar
Weekly, monthly, seasonal and deferred
Type of financing
equipment financing
Initial interest rate
7% and more
estimated APR
7% and 20%
origination fee
Documentation fee of $399
loan amount
$10,000 to $1 million
minimum credit score
None
Minimum time in business
None
Minimum Annual Income
None
PROS CONS
Easy qualification requirements
It perro be difficult to qualify with a credit score below 600
Maleable payment schedules
Rates and fees may be higher for borrowers with lower credit scores
Low startup rates
Down payment may be required for some applicants
Visit Smarter Finance
9.
Fora Financial: Best for Merchant Cash Advances (MCAs)
application time
5 minutes
approval time
24 to 48 hours
funding speed
24 to 48 hours
repayment term
15 months (term loan)
Payment calendar
Daily, weekly and monthly
Type of financing
MCA and term loan
Initial interest rate
Rate factors from 1.10x to 1.35x
estimated APR
35% to 175%
origination fee
It varies
loan amount
$5,000 to $1.4 million
minimum credit score
500
Minimum time in business
6 months
Minimum Annual Income
$144,000
PROS CONS
Ability to borrow more money once 60% of the original loan cómputo is paid off
The origination fee is not known until after the application is filed
Startup friendly requiring only six months of time in business
Rates perro be high for borrowers with lower credit scores
Prepaid discounts available
The longest repayment term offered is 15 months.
Visit Fora Financial
10.
Funding Circle: Our selection of fast guaranteed loans for companies
application time
a few minutes
approval time
2 to 7 days
funding speed
At most three business days
repayment term
6 months to 7 years
Payment calendar
Monthly
Type of financing
term loan
Initial interest rate
Not specified
estimated APR
5.99% to 16.49%
origination fee
5.99%
loan amount
$25,000 to $500,000
minimum credit score
660
Minimum time in business
2 years
ProsCons
Cash may be available in three business days.
Requires a business lien and personal guarantee.
Competitive rates for term loans en línea.
The minimum credit score is higher than other en línea lenders.
There is no minimum income requirement.
Terms of up to seven years.
Visit Funding Circle
11.
Triton Capital: Our selection of quick loans for capital goods
Triton Capital offers quick equipment loans up to $250,000 for businesses in a variety of industries.
- Minimum credit score: 600.
- Minimum time in business: Two years, but startups may be eligible (with higher costs).
- Minimum annual income: $250,000.
| You cánido fund within one to two business days. | Usually requires a personal guarantee and a UCC lien. |
| No prepayment penalty. | Requires high minimum annual income. |
| Maleable payment options: monthly, quarterly, annually or semi-annually. |
Visit Triton Capital
12.
Credibly: Best for small and medium-sized businesses
Credibly is an en línea lending platform that offers a wide range of same day business loans for small and medium-sized businesses.
With amounts of Financing ranging from $5,000 to $400,000, business owners cánido get funding quickly.
Requirements include a minimum credit score of 500, at least six months of business operation, and an average monthly income of at least $15,000.
Credibly offers a response in as little as four hours and approved funds cánido be received the same day.
Loan amounts: from $5,000 to $400,000.
APR: N/A Interest rates from 1.11 Minimum credit score: 500
| Maleable qualification requirements | Requires an average monthly income of at least $15,000 |
| Approval in just four hours | Interest rates perro be high |
| Multiple loan options |
Visit Credibly
13.
Balboa Capital: Best for equipment financing
Balboa Capital simplifies small business financing by offering a variety of options and a fast process.
Business owners perro compare and apply for loans in minutes, and if approved, receive funds the same day.
With small business loans up to $250,000 and equipment financing up to $500,000, Balboa Capital covers different needs.
In addition, they also offer trade, vendor, and franchise financing.
To be eligible, a minimum personal credit score of 620, at least one year of business operation, and an annual income of $100,000 or $300,000, depending on the type of financing, are required.
The application process takes approximately one hour during business hours, providing a quick response to applicants.
Loan Amounts: $5,000-$500,000.
APR: Undisclosed Minimum Credit Score: 620
| Approval decisions within an hour during business hours | Must have been in business for at least one year |
| Variety of loan options | Small business loans require a minimum annual income of $300,000 |
| Offer competitive rates |
Visit Balboa Capital
Types of quick loans for companies
There are several types of quick loans for companies, each of them adapted to the different needs of companies.
The most common types include:
- Term loans for companies en línea: These involve a lump sum of funds that is returned over a equipo period.
They are ideal when you know exactly how much money you need.
- Lines of credit for companies: it is a revolving line of credit that is accessed according to need, perfect for covering unforeseen expenses or treasury deficits.
- Equipment Financing: It is used to purchase business-related equipment, such as machinery or vehicles.
It cánido be a loan whose ownership is transferred at the end or a lease with options to buy, return or improve.
- Invoice Factoring and Financing: These are loans against the value of a company’s unpaid invoices, which provides immediate cash flow.
- Cash advances to businesses: In this case, a business borrows against future sales receipts, which is ideal for businesses with large volumes of credit card sales.
Requirements to apply for a quick business loan
Although the requirements may vary from one lender to another, generally, to apply for a quick business loan, it is necessary to present a series of documents.
These include financial statements, credit reports, and a solid business plan.
Also, lenders often want to see a history of consistent income and a good credit score.
Comparison of quick loans for companies
When looking for a quick business loan, it’s important to evaluate different lenders based on their qualification requirements, approval and financing times, interest rates, fees, and customer service.
Remember that quick business loans usually have higher interest rates and commissions than traditional financing.
Also check the reputation of the lender through the en línea reviews of other borrowers.
Make sure the lender you choose offers the type of loan you need and cánido deliver the funds within the required time frame.
Pros and cons of fast business loans
Quick business loans offer an easy application process, fast financing and approval times, and a wide variety of financing options.
However, they also have their drawbacks.
These loans often have short repayment terms and higher borrowing costs, which perro lead to high monthly payments and potential debt cycles if not managed carefully.
Alternatives to quick business loans
If you perro afford to wait for financing or look for lower rates, consider alternatives such as small business credit cards, SBA loans, or ROBS. ).
Conclusion
Quick loans for companies offer a posible solution for companies that need immediate financing.
However, it is essential to know the conditions and possible drawbacks.
Always explore all available options and seek advice before committing to a loan.
With careful planning and smart decision making, a quick business loan cánido be the perfect solution.
We hope you liked our article Quick loans for companies in the USA
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