Best Fast and Easy Business Loans in 2021

Get funding for your business today or tomorrow with these fast, simple business lenders.
Best Overall
BlueVine
BlueVine
3.6 out of 5 stars
3.6
Starting at
4.8% interest
  • Icon Pros  Dark
    Same-day funding available
  • Icon Pros  Dark
    Lines of credit & invoice factoring
  • Icon Pros  Dark
    530 min. credit score
Best for young businesses
Fundbox
Fundbox
3.1 out of 5 stars
3.1
Starting at
4.66% draw rate
  • Icon Pros  Dark
    Next-day funding available
  • Icon Pros  Dark
    Lines of credit only
  • Icon Pros  Dark
    600 min. credit score
Best for repeat borrowing
OnDeck
OnDeck
3.1 out of 5 stars
3.1
Starting at
35% APR
  • Icon Pros  Dark
    Next-day funding available
  • Icon Pros  Dark
    Lines of credit & term loans
  • Icon Pros  Dark
    600 min. credit score
Best for bad credit
Snap Cap
SnapCap
2.9 out of 5 stars
2.9
Starting rates
unlisted
  • Icon Pros  Dark
    Next-day funding available
  • Icon Pros  Dark
    Short-term loans only
  • Icon Pros  Dark
    500 min. credit score
Best for MCAs
Lendr
Lendr
2.6 out of 5 stars
2.6
Starting at
12% factor rate
  • Icon Pros  Dark
    Next-day funding available
  • Icon Pros  Dark
    Invoice factoring & merchant cash advances
  • Icon Pros  Dark
    No min. credit score
Price Tag Approach
20

Brands considered

Money Approach
12

Features compared

Calendar Approach
30

Days of research

Person Approach
21

Business owners talked to

Need a fast business loan? Thanks to online lenders, you’ve got plenty of loan options―and we’ve rounded up the best ones for you.

We compared financing options, rates, funding speeds, and more from dozens of business lenders to find the best quick business loans. And in this article, we’ll show the best lenders for fast financing, no matter your business needs.

Whether you need a low interest rate, want a loan you can get with bad credit, or you have a specific type of business financing in mind, we’ve got a fast loan recommendation for you.

Best fast and easy business loans

Compare the fastest small-business loans

Lender
Min. funding time
Min./max. loan size
Repayment terms
Get a loan
BlueVine

BlueVine

Same day$6,000/$5 million6–12 mos.
Fundbox

Fundbox

Next dayUp to $150,00012–24 wks.
OnDeck

OnDeck

Next day$5,000/$250,000Up to 24 mos.
Snap Cap

SnapCap

Next day$10,000/$1 million3–18 mos.
Lendr

Lendr

Next day$5,000/$500,0004–14 mos.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Fast business loans 101

Pretty much all the fast business loans on this list come from online lenders (also called alternative lenders). That’s because online lenders tend to offer much faster approval times and funding times than traditional lenders (aka banks or credit unions) do.

Rather than taking days or weeks to get to your application, online lenders can often approve you within minutes or hours. And once you’re approved, many alternative lenders can get your financing to your bank account by the next day―if not sooner.

Of course, fast financing does come with some tradeoffs you should know about. For example, most online lenders have pretty limited loan options when compared to traditional lenders. You can’t get a super fast commercial real estate loan, for example, or SBA loans. Instead, you’ll be looking at short-term loans, invoice financing, lines of credit, and other types of working capital loans.

Those types of business funding tend to come with higher interest rates and loan fees than things like long-term loans. That means that while you do get your loan much more quickly, you’ll likely end up paying more to do so―especially if you don’t have great personal credit.

Still, if you need a business loan in a jiffy, you’ll likely find the tradeoffs worth it. So let’s look at the best lenders for fast business loans.

BlueVine: Best overall fast and easy business loan

BlueVine
BlueVine
3.6 out of 5 stars
3.6

Starting at 4.8% interest

  • Invoice factoring & lines of credit
  • Min. credit score: 530
  • Min. revenue: $10,000/mo.
  • Min. time in business: 3 mos.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

BlueVine offers the best fast business loans for most businesses.

In part, that’s because BlueVine offers two versatile financing products: a business line of credit and invoice factoring. A line of credit gives you revolving credit, so you can use it over and over again, making it a great source of flexible working capital. And since invoice factoring lets you get money from unpaid invoices, it offers a good cash flow solution for businesses that invoice their customers.

Fortunately, we see plenty to like about both of BlueVine’s business funding options. They have low starting rates (in fact, BlueVine’s line of credit has one of the most competitive interest rates we’ve found from an online lender) and few other loan fees. And with invoice financing up to $5 million, BlueVine has some of the largest loan amounts on this list.

Now, BlueVine does have higher business revenue requirements than many other lenders, so not all businesses will qualify for its financing. But BlueVine has moderate credit score requirements and lends to very young businesses, making BlueVine more accessible than a traditional lender.

And by the way, BlueVine is one of a few lenders that offers same-day financing. Yes, you’ll need to pay an additional wire transfer fee to get it―but even so, BlueVine might be the fastest lender on this list. 

So between its flexible financing, low costs, and moderate borrower requirements, BlueVine is our favorite source for fast and easy business loans.

Pros
Pro Bullet Large loans available
Pro Bullet Low credit requirements
Pro Bullet Same-day funding option
Cons
Con Bullet Limited availability in some states
Con Bullet High revenue requirements

Fundbox: Best for young businesses

Fundbox
Fundbox
3.1 out of 5 stars
3.1

Starting at 4.66% draw rate

  • Lines of credit
  • Min. credit score: 600
  • Min. revenue: $100,000/yr.
  • Min. time in business: 2 mos.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Got a very young business? Fundbox is probably the fast lender you’re looking for.

Fundbox has some of the lowest time in business requirements we’ve found. While its website says Fundbox prefers businesses that have been around for at least six months, Fundbox will work with businesses that have as little as two months of accounting history or three months of business banking history. So very young businesses that can’t get funding elsewhere may qualify for a Fundbox line of credit.

Of course, you do need to meet Fundbox’s higher (but still very normal) personal credit and business revenue requirements. And if you do end up qualifying, remember that Fundbox has a lower maximum loan amount than many other lenders―plus it has pricey fees for borrowers.

But as one of the few lenders willing to fund new businesses, Fundbox is still worth considering for your young startup.

Pros
Pro Bullet Automated application
Pro Bullet Flexible borrower requirements
Pro Bullet Next-day funding
Cons
Con Bullet Low maximum loan amounts
Con Bullet Expensive fee structure

OnDeck: Best for repeat borrowing

OnDeck
OnDeck
3.1 out of 5 stars
3.1

Starting at 35% APR

  • Lines of credit & term loans
  • Min. credit score: 600
  • Min. revenue: $100,000/yr.
  • Min. time in business: 1 yr.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Think you’ll want more than one term loan over the next few years? Then let’s talk about OnDeck’s perks for repeat borrowers.

OnDeck has some nice bonuses for its repeat customers, like lower origination fees and interest rates on its financing. Likewise, if you get approved for another loan through OnDeck while you’re still paying off your first one, OnDeck may waive the remaining interest on your first loan. In other words, OnDeck can save you money on your repeat financing needs.

As you can imagine, you do have to qualify for these kinds of perks. While OnDeck’s minimum borrower requirements are pretty standard, this lender admits that typical borrowers have much higher qualifications. And since its average APR (annual percentage rate) is more than 45%, OnDeck definitely isn’t the cheapest option.

If you don’t mind those potential issues, though, OnDeck has plenty to offer your business as you borrow over the years.

Pros
Pro Bullet Discounted fees for repeat borrowers
Pro Bullet Waived interest with some repeat borrowing
Pro Bullet Longer repayment terms
Cons
Con Bullet High starting APR
Con Bullet High typical qualifications

SnapCap: Best for bad credit

Snap Cap
SnapCap
2.9 out of 5 stars
2.9

Starting rates unlisted

  • Short-term loans
  • Min. credit score: 500
  • Min. revenue: $8,500/mo.
  • Min. time in business: 6 mos.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Don’t have the best credit score? With SnapCap, you may be able to find financing even with bad credit.

SnapCap accepts credit scores as low as 500―“poor” personal credit according to the FICO scoring system. That’s a much lower score than any traditional lenders will accept, and lower than most online lenders too. And SnapCap offers both merchant cash advances and term loans, so you still get at least a couple financing options with your low credit score.

Remember, though, that SnapCap’s minimum credit score is just that―a minimum. You’ll likely need to have more impressive revenue and an older business to qualify for financing with poor personal credit. And as you’ve probably guessed, you should expect to pay more for your loan.

All the same, SnapCap’s low minimum credit score requirement makes financing accessible for business owners with all sorts of credit scores.

Pros
Pro Bullet Very low minimum credit score
Pro Bullet Moderate time in business requirement
Pro Bullet Large maximum loan size
Cons
Con Bullet Lack of transparency around rates and fees
Con Bullet High typical borrower qualifications

Lendr: Best for merchant cash advances

Lendr
Lendr
2.6 out of 5 stars
2.6

Starting at 12% factor rate

  • Invoice factoring & merchant cash advances
  • Min. credit score: N/A
  • Min. revenue: $10,000/mo.
  • Min. time in business: 1 yr.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

If you’ve been considering a merchant cash advance as an emergency business loan, then we recommend going with Lendr.

Now, we generally advise against merchant cash advances. They’re confusing and expensive, so we recommend sticking to other types of small-business financing if you can. But cash advances are fast and relatively easy to qualify for―so if you’re sure you understand how they work and you want one, Lendr is the best place to get one.

We like Lendr for its excellent customer reviews (much better than many other cash advance companies) and for its transparency around pricing. It’s still expensive, and we still wouldn’t get a merchant cash advance as a first resort.

But if you’re confident that a merchant cash advance can help your business, Lendr offers speed and transparency.

Pros
Pro Bullet No credit requirement
Pro Bullet Transparent pricing
Pro Bullet Excellent customer reviews
Cons
Con Bullet Working capital financing only
Con Bullet High cost of merchant cash advances

Honorable mentions

Lender
Min. funding time
Min./max. loan size
Repayment terms
Get a loan
Lendio

Lendio

2 days$1,000/$5 millionUp to 25 yrs.
Fundera

Fundera by NerdWallet

2 days$2,500/$5 million3 mos.–25 yrs.
Balboa Capital

Balboa Capital

Same dayUp to $500,00024–60 mos.
Kabbage

Kabbage

Unlisted$1,000/$150,0003–18 mos.
Rocket LoansRocket Loans
Same day$2,000/$45,00036–60 mos.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Lendio: Best lending marketplace

Lendio
Lendio

Starting at 4.25% interest

  • Lines of credit, term loans, & more
  • Min. credit score: 560
  • Min. revenue: $50,000/yr.
  • Min. time in business: 6 mos.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

As a lending marketplace, Lendio works more like a loan broker than a lender. You submit a brief application, and then Lendio does some shopping for you. Then you get to choose from loan offers. That makes lending marketplaces like Lendio a great way to find the cheapest business financing you can qualify for―especially since Lendio has a huge stable of lenders and excellent customer reviews.

Just know that the matchmaking process does slow things down a bit. Lendio can get you matched and funded within a couple days, but that’s not a guarantee. So if you need funding within 48 hours, apply directly with a lender instead.

But if you can afford to wait a couple days, Lendio’s lending marketplace can get you a great deal on your working capital.

Fundera by Nerdwallet: Another great marketplace

Fundera
Fundera

Starting at 4% interest

  • Lines of credit, term loans, & more
  • Min. credit score: N/A
  • Min. revenue: $10,000/mo.
  • Min. time in business: 1 yr.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Like Lendio, Fundera is a lending marketplace. So again, one loan application can lead to multiple loan offers that you get to choose from. Fundera also has great customer reviews. But it does work with a slightly different set of lenders than Lendio (though there’s overlap), and offers a couple types of loans (like personal loans for business) that Lendio doesn’t. So you may find Fundera better fits your needs.

You’ll see the same downsides, though. Fundera matchmaking can take a day or two, as can finalizing your loan application. So again, a lending marketplace like Fundera will never be your fastest option.

But if you don’t mind slowing down just a bit, Fundera offers another great way to compare loan offers.

Balboa Capital: Best for equipment financing

Balboa Capital
Balboa Capital

Starting rates unlisted

  • Equipment financing & more
  • Min. credit score: “Decent”
  • Min. revenue: $100,000/yr.
  • Min. time in business: 1 yr.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Need equipment? Whether you’re financing a vehicle, restaurant equipment, or even software, Balboa Capital has fast loans for you. Balboa capital offers same-day equipment financing, so you never have to miss out on a great deal. You can get up to $500,000 the day you apply. Just apply online, and you should get your answer within one hour. 

As you might have guessed, equipment loans don’t have the lowest borrower requirements. But unlike some other lenders, Balboa has pretty moderate requirements―just one year in business and $100,000 in revenue.

So if you need equipment and you need it soon, Balboa Capital offers the fastest way to get equipment financing.

Kabbage: Another line of credit

Kabbage
Kabbage

Starting at 0.25% monthly fee

  • Lines of credit
  • Min. credit score: Unlisted
  • Min. revenue: Unlisted
  • Min. time in business: 1 yr.

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

We’ve highlighted several lenders with lines of credit already, but Kabbage provides another good option. Its lines of credit come with longer repayment terms than many other online lenders (if you qualify). And while its monthly fees aren’t cheap, they’re less expensive than credit lines from some alternative lenders.

That said, Kabbage currently only lends to existing customers and American Express users (though it may start lending more broadly soon). And Kabbage isn’t as fast as it used to be―funds can now take up to three days to appear in your account.

Still, Kabbage’s line of credit works faster than traditional alternatives―so it may be a good credit option for your business.

Rocket Loans: Best personal loan

Rocket Loans
Rocket Loans

Starting at 5.97% APR

  • Personal loans
  • Min. credit score: Unlisted
  • Min. revenue: N/A
  • Min. time in business: N/A

Data effective 9/8/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Unlike other lenders on this list, Rocket Loans offers personal loans―but personal loans that you can use for business. While we usually recommend sticking to business loans when possible, personal loans do have some advantages. Like your business revenue and time in business don’t matter as much as your personal credit score and income. That makes them a good option for some startups.

And among personal lenders for business, Rocket Loans is our favorite. It offers same-day funding and has relatively low borrower requirements. 

As long as you can deal with the small loan amounts and the personal liability, a Rocket Loans personal loan might be just the fast loan you need.

Grow your business today

Browse hundreds of loan options, custom-tailored to your business and budget needs, from a single, simple platform.

The takeaway

For most small-business owners that need a quick business loan, we recommend BlueVine. It has a couple flexible working capital options with low rates and reasonable borrower requirements.

If you’ve got a young business, though, Fundbox might be more your speed. Or if you plan to get more loans, OnDeck has great discounts for repeat borrowers. Business owners with bad credit will like SnapCap’s low credit requirements. And if you’re convinced you need a merchant cash advance, Lendr offers the best ones we’ve found.

Plus, our honorable mention picks offer more great, fast financing options. So what are you waiting for? Go apply for your loan. With any luck, you’ll have your money in no time.

Ready to apply for financing? Expedite your loan application process by learning the details of how to get a business loan.

Related content

Don't qualify for a business loan because of your credit? Get a personal loan instead.

Fast and easy business loans FAQ

Which loan is best for small business?

To get the best loan for your small business, we recommend applying with Lendio. It’s a lending marketplace, so it lets you compare loan offers from different lenders. That way, you can find the best loan that you personally qualify for.

How fast can I get a small-business loan?

You may be able to get a small-business loan the same day you apply, and many lenders offer next-day funding. Just make sure you choose an online lender with near-instant approval or same or next-day finding times, like any of our top five picks.

Where is the easiest place to get a business loan?

The easiest place for your business to get a loan will depend on your specific situation and qualifications. That said, lenders like BlueVine, Fundbox, and the others reviewed above accept young businesses and lower credit scores, making them much easier to get loans from than traditional lenders like banks.

Can I get a business loan with a 500 credit score?

Yes, you can get a business loan with a 500 personal credit score. In fact, some alternative lenders don’t care about your credit score at all. To see specific recommendations, check out our guide to the best small-business loans with no credit check.

Best Small-Business Loans
Lendio
Best overall
4 out of 5 stars
4.0
Fundera by NerdWallet
Best for SBA microloans
3.9 out of 5 stars
3.9
Funding Circle
Best for established businesses
3.8 out of 5 stars
3.8
BlueVine
Best for fast funding
3.7 out of 5 stars
3.7
Fundbox
Best for young businesses
3.6 out of 5 stars
3.6
Learn more about our top brands.

Methodology

We compared factors such as loan options, interest rates, borrower requirements, and funding times at dozens of lenders. We use those factors to create scores and rank lenders. The lenders in this article are the top-scoring lenders that offer funding times of less than one week.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
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