Fast Business Loans
Looking to access fast funds? We can help you find and compare fast business loans with money in your bank account in as little as 48 hours.
- Compare a wide range of lenders and rates
- Check your eligibility in minutes
- Find out how much you could borrow
It's fast, free and won't affect your credit score
What is a fast business loan?
With a fast business loan, you can have funds in your business bank account in a matter of hours. Accessing funds quickly like this helps you act quickly on business growth opportunities without waiting around for the money to land in your account.
Need funds fast? Compare lenders instantly for free using our comparison tool.
How fast can I get a business loan?
Typically, you can see funds from an unsecured business loan within 48 hours (sometimes the same day the lender approves your loan application). But how fast you can get a business loan depends on your circumstances, how much you want to lend and the type of loan you apply for.
What type of loan is the fastest to apply for?
An unsecured business loan is the fastest loan type to apply for. That’s because the lender isn’t looking for collateral to secure the loan with. An unsecured loan is quick and straightforward to apply for.
Am I eligible for a fast unsecured loan?
- Your company has been operating for three months minimum
- Your minimum annual turnover is £10,000
- You have a UK bank account
- You’re registered in the UK as a limited company, LLP or sole trader
Ready to compare fast business loans? Getting a free quote won’t affect your credit score.
Can I get a fast business loan with bad credit?
Yes, you can still apply for a fast business loan with bad credit. Most lenders look at loan applications on an individual basis. This means that, unlike a traditional business loan, a fast business loan is accessible to more business owners, regardless of their credit history.
It’s important to note that the lender will look at both your personal and business credit scores, but their decision to lend isn’t just based on your rating. If you don’t meet the lending requirements, they might ask you to sign a personal guarantee or you can consider applying for other loan products like a secured business loan instead.
Six benefits of a fast business loan
On the fence about whether a quick business loan is for you? Here are six benefits to consider:
- Take instant advantage of business opportunities. With funds in your account in a few days, you can quickly inject cash into your marketing activities, buy trending stock, or hire employees. You can act quickly on new business opportunities without worrying about available working capital.
- Flexible repayment terms. Applying for a loan through an alternative finance provider means repayment terms are more flexible than traditional business loans. Repay in a few months to a few years, depending on the type of finance you apply for.
- Takes minutes to apply for. Unlike the long and drawn-out process of applying for a loan with a traditional provider, a fast business loan application is quick and easy and, in most cases, can be applied for online.
- Accessible to all kinds of businesses. We’ve helped thousands of SMEs access funding to grow their businesses, even when they’ve been turned down by other providers.
- Spend it however you want. Unlike other providers, with a fast business loan, there aren’t any spending restrictions. Choose how you want to spend your money, as long as it’s for business purposes — spend on marketing, stock, office equipment, staff, bills or use it to boost your cash flow.
- No long-term debts. A fast business loan is a short-term loan, which means it’s usually repaid in full within 12 months to two years. This means you’re not stuck in a cycle of long-term debt.
Where can I get a fast business loan online?
You can apply for a fast business loan through our free loan comparison tool.
The online marketplace is full of alternative finance providers, which means small business owners can make more informed decisions when choosing suitable business finance.
Our self-serve platform condenses comparing fast business loans to mere minutes, barely impacting your business schedule. If you find a loan you like, click to expand the details and learn more about interest rates, total repayable and more. And click through directly to the lender’s website to continue with your loan application.
About the author
Adrian T
5/5
Amazingly fast, efficient service, minimal paperwork. So much faster than my business bank of twelve years.
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