How to get fast business funding

Kristina Byas

March 25, 2024·9 min read

Key takeaways

• Fast business loans can potentially be approved and funded within 24 hours

• Several types of fast business loans exist, including term loans, equipment financing, invoice factoring and business lines of credit

• Both online and traditional lenders offer fast business loans

If you’re thinking about getting a small business loan, it helps to be prepared. To apply and get approved for one can take time and research. And finding the right option for your business depends on a number of factors, like how fast you want to receive funds.

It is not unheard of for small business loans from traditional lenders, like banks and credit unions, to take weeks or months to be approved and funded.

But fast business loans could offer funding in as little as 24 hours. Read on to learn how to secure fast funding for your small business.

What is a fast business loan?

A fast business loan is a type of financing designed to provide quick access to capital for businesses facing urgent financial needs or opportunities. These loans are typically obtained from online lenders or financial technology companies, with streamlined application processes and rapid approval times of one to three business days.

How do you get a quick business loan?

Fast business loans are accessible to businesses with varying credit profiles, but prior to submitting the loan application, there are a few steps businesses can take to improve their odds of approval.