Best Loans For Small Businesses
Same Day Business Loans
How To Choose The Best Small Business Loan
When we say "Fast Business Loans", we mean excellent customer service, professional communication& superior funding speed. We can fund the same or next day in most cases. That's why they call us FAST Business Funds!!
Often times companies need some fast capital but finding the right business loan for your company is easier if you understand the various types of available financing options. The purpose of your business loan often dictates the type of loan best suited for you, and the available funding options. The products below are for established businesses looking for working capital. Use this link If you need business startup funding or click the tab in the main menu above to get started on our loan application. If you have any questions about invoice financing contact us today.
Fast Business Funds offers the five primary loan types that are typically used by small businesses: term-loans, cash loans, business line of credit, equipment loans, and asset-based loans such as real estate secured financing. The qualifications for each business loan type are different, and the loan you need is unique to your specific situation. Thus, it’s important to evaluate all of your options before you apply for a small business loan. You don’t want to waste time applying for financing you either don’t qualify for or that won’t help grow your company.
What Business Loan Options are Available?
- Term Loans - Easy to qualify business loan. Just need decent cash flow
- Business Line of Credit - Medium-to-Easy to qualify for. Only need "OK" credit
- Merchant Cash Advance - Easy to qualify. Takes a tiny percentage of credit card sales each business day for repayment. Easy & Fast Loans to obtain.
- Equipment Loans - Easy to qualify. The invoice for the equipment secures the financing.
- Real Estate Secured - Easy to qualify. Secured by any piece of real estate. Typically allows you to borrow up to 4 times monthly revenue, secured by the real estate (including vacant land).
There are a Variety of Ways to Get Financing With Fast Business Funds
Overview of Our Most Popular Small Business Loans
Shorter term financing is easier to get approved for than most other small business loans you can apply for. They typically have much quicker funding times than other options and don’t necessarily depend on your FICO score for approval. Nearly one in four applicants sought short-term financing from online lenders in 2020. We offer a term loan from 3 to 36 months with early payoff discounts. These loans are renewable, so you can have funds available any time you need the capital. Business owners can easily qualify by completing a one-page online application & returning minimal paperwork. That’s probably why they’re the most popular product online when it comes to getting a business loan fast. Most of the quick business loan programs out there, whether it’s a term loan or line of credit, depend mostly on cash flow & time in business.
Business Line of Credit
A Business line of credit typically offers smaller loan amounts than term loans & requires a decent FICO score. They are best for working capital and recurring expenses because the line can be paid down & re-used. This means that once you repay a draw, your credit line is available to borrow from again. We are one of the best credit line providers in the USA. We offer monthly or weekly payments to borrowers & fast same day financing. Think of it as a 0% interest loan with no credit limit due to the credit-card-like nature of these loans. ZERO percent interest rate?? Yes! Because the interest paid business loans is 100% Tax Deductible as a business expense. This is a great way to get financing for small business.
This is one of the most convenient services we offer. You can use the equipment you are purchasing to secure the loan. Banks and online lenders like us offer these financing options, however, you can only use the proceeds for the purchase of the equipment on the invoice. If you default on your loan, the lender claims the equipment, making the loan less risky and leading to a 90%+ approval rate. Your credit score isn't much of a factor either. Just send your invoice for the equipment along with our easy one-page application & you're approved. Super quick business loans!! These are Easy to qualify for even if your personal credit score is less than perfect. If you just need new equipment, rather than needing to cover a variety of different company expenditures, this is an exceptionally fast business loan to obtain.
Merchant Cash Advance
This type of financing is one of the most common options for small business. An advance is typically used by borrowers that are unable to qualify for small business loans with major banks. Your financing amount depends on the capital your business collects from cc & debit card transactions. They advance the capital to your business account. Then little payments are made daily [only on business days] or weekly as a percentage of your credit card settlements. You can set it up to be drawn from your merchant account or bank account where you can track it on your bank statements. Some merchant cash advance providers like our company, don’t have a minimum FICO score requirement to qualify. If you need a business loan, this is a quick way to get cash.
Real Estate Secured Loan
These loans are secured by your real estate owned & they are very easy to qualify for. Credit score, Bankruptcy, & defaults on previous loans are not an issue. Any real estate, including raw land, is eligible even if you currently have mortgages on the property. As long as your business does at least $15k per month in revenue, you most likely qualify. These are still considered quick business loans when compared to any sort of bank loan, but they do take a few days longer than some of the other options. This is an excellent way to get financing for any small business. Find out more about this & our other services at our home page. Or feel free to call us with any questions you may have.
The Fast Business Funds Advantage
We Specialize In Fast Business Loans & Excellent Service
Knowing the amount of capital you need, as well as whether you meet the minimum requirements to qualify, will help you choose the type of small business loan to apply for. While a shorter term loan from online lenders usually require the least amount of documentation, longer terms with traditional banks typically have an extensive application process and can take up to 3 months to 6 months to receive the loan. You’ll need secure those business loans too, you won’t get financing with just a personal guarantee. The application with these types of loans takes about 5 minutes & requires a bare minimum of paperwork for all of our loan programs & services. We make these loans a cinch, unlike sba loans which take longer to get started.
For short-term loans, the entire process for the application can be done in a matter of minutes. For long-term loans with the major banks, the application is more difficult due to the amount of paperwork required & the fact that they are secured by your personal & business assets, that's why banks turn down over 80% of their applicants. They may also audit your bank statements and bank account info. We provide unsecured capital, so we have much easier guidelines to obtain cash flow with quick business financing. On this page you can explore all of our business loans, services & repayment options.
To get the small business loans your company needs with zero hassle, no application fees & a simple one-page application - click "APPLY NOW" anywhere on this site. We approve over 90% of our applicants & typically fund the same day within 24 hours (or within 48 hours depending on type of loan you obtain). Some banks can even take up to 3 months to deliver their loans, while we thrive on approving your financing & sending capital to your business account within 24 to 48 hours. We serve all industries and many small businesses in all 50 States, so whether you need a loan for a restaurant, retail store, dry cleaner, automotive shop, manufacturing or almost any other type of business needs, -- we can get you approved & funded without impacting your personal credit & with the maximum financing amount (or credit limit) available to you.