Securing an easy business loan can make all the difference when your business needs quick cash flow to keep running smoothly. Whether it’s to cover unexpected expenses, restock inventory, or expand operations, having fast access to funds is crucial. But finding the right lender who offers both speed and ease isn’t always straightforward.
I’ve gathered seven top lenders known for providing quick, hassle-free business loans for you to checkout. These options offer flexible loan amounts, fast approval processes, and minimal paperwork.
Fast and Easy Business Loans Overview
| Lender | Loan Amount | Funding Speed |
|---|---|---|
| OnDeck | Up to $250,000 | Same day |
| BlueVine | Up to $250,000 | Same day |
| Kabbage | Up to $250,000 | Within hours |
| Fundbox | Up to $150,000 | 24-48 hours |
| Rapid Finance | Up to $1 million | 24 hours |
| Lendio | Up to $5 million | 24-72 hours |
| Square Capital | Up to $250,000 | 1-2 business days |
1. OnDeck
- Loan Type: Short-term loans and business lines of credit.
- Funding Speed: Funding as fast as the same day after approval.
- Loan Amounts: Up to $250,000 for term loans and $100,000 for lines of credit.
- Eligibility Criteria: Minimum credit score of 600, at least 1 year in business, and $100,000 in annual revenue.
- Application Process: Online application with a decision in minutes, minimal paperwork.
- Best For: Small to medium-sized businesses looking for fast cash to cover immediate expenses.
Start getting your funding today from OnDeck.
2. BlueVine
- Loan Type: Business line of credit and invoice factoring.
- Funding Speed: Approval in minutes and funding as fast as the same day.
- Loan Amounts: Lines of credit up to $250,000.
- Eligibility Criteria: Minimum credit score of 600, at least 6 months in business, and $120,000 in annual revenue.
- Application Process: Fast and simple online application, with funds available the same day.
- Best For: Businesses needing flexible, revolving lines of credit to cover short-term working capital.
See if your business qualifies for BlueVine Loans
3. Kabbage (now part of American Express)
- Loan Type: Business line of credit.
- Funding Speed: Instant approval with funding typically within hours.
- Loan Amounts: Up to $250,000 in revolving credit lines.
- Eligibility Criteria: No specific credit score, but typically a credit score of 640+ is needed; business must be operational for at least one year with a minimum of $50,000 in annual revenue.
- Application Process: Fully online with automated underwriting.
- Best For: Small businesses needing quick access to credit without extensive documentation.
See how much you can easily and quickly get from American Express
4. Fundbox
- Loan Type: Business line of credit and invoice financing.
- Funding Speed: Approval in minutes, with funds typically deposited within 24-48 hours.
- Loan Amounts: Credit lines up to $150,000.
- Eligibility Criteria: Minimum 6 months in business, $100,000 in annual revenue, and at least a 600 credit score.
- Application Process: Online with minimal documentation required; easy, fast approval process.
- Best For: Businesses seeking a quick cash infusion to cover short-term needs and avoid cash flow interruptions.
Join 500,000 Businesses that have connected to Fundbox and got financed.
5. Rapid Finance
- Loan Type: Short-term loans, merchant cash advances, and business lines of credit.
- Funding Speed: Same-day approval and funding within 24 hours.
- Loan Amounts: Varies, with lines of credit up to $1 million.
- Eligibility Criteria: Varies depending on loan type; generally requires a minimum credit score of 500 and some form of business revenue verification.
- Application Process: Easy online application with quick approval and disbursement.
- Best For: Businesses needing large amounts of fast capital with flexible repayment options.
See how you can get with RapidFinance
6. Lendio
- Loan Type: Loan marketplace offering access to multiple loan types including short-term loans, SBA loans, and lines of credit.
- Funding Speed: Approvals and funding within 24-72 hours, depending on the loan type.
- Loan Amounts: Varies, but up to $5 million for certain loan types.
- Eligibility Criteria: Depends on the lender chosen through the platform, but generally requires 1 year in business and $50,000 in annual revenue.
- Application Process: Online application connects businesses with multiple lenders, allowing for comparison of loan terms and options.
- Best For: Business owners who want to compare different lenders quickly to find the best loan option.
Get connected with a small business loan provider through Lendio
7. Square Capital
- Loan Type: Merchant cash advances and business loans for Square users.
- Funding Speed: Loans are typically approved and funded within 1-2 business days.
- Loan Amounts: Up to $250,000, with flexible repayment terms tied to daily sales.
- Eligibility Criteria: Square sellers with consistent sales volumes; no minimum credit score required.
- Application Process: Based on a business’s Square sales history, eligibility is determined automatically, and funds are deposited into your account.
- Best For: Small businesses using Square for payments who need quick access to capital.
If you’re a merchant on Square, see how much you could qualify for.
Bottom Line
These loan sources provide fast and easy funding solutions tailored for different business needs, from short-term loans to lines of credit and merchant cash advances.
Business owners can apply quickly and get approved without extensive paperwork, making them ideal for addressing immediate cash flow concerns.
But before applying to any of these loans, you should check this resource on: How to get a small business loan in 6 simple steps.
