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Best Loans For Small Businesses

Get The Money You Need To Grow Your Business

best loans for small business
best loans for small business

Don't let your business suffer because of a lack of funding. We can help you get the money you need quickly and easily.

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 small business loans. The purpose of your loan often dictates the type of financing 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 for our startup loan application. If you need invoice factoring or real estate related financing, contact us today.

Fast Business Funds offers the four primary loan types that are typically used by small businesses: term-loans, merchant cash advances, business credit lines & equipment financing. The qualifications for each business loan type are different. The loan you need is unique to your specific situation. Thus, it’s important to evaluate all of your options before you applying for small business loans. You don’t want to waste time applying for business loans that you either don’t qualify for, or won't help you to achieve your current goals.

What Business Loan Options are Available?

  • Term Loans - Loan Amounts from $10k - Up to $10 million. Cash flow based approval. Credit scores as low as 500 can get approved.

  • Merchant Cash Advance - Similar to a term loan. Easy to qualify. No minimum credit score. Cash flow based loan approval.

  • Business Line of Credit - We have two levels of Credit lines available for small business owners.

    Top tier Business Line of Credit: Lowest market rates. Credit Lines up to $250k. Minimum credit score of 650 required. Monthly Payments.

    Second Tier Business Line of Credit: Competitive rates. Credit lines up to $55k. Minimum credit score of 550 required. Weekly payments.

  • Equipment Financing - We Have two levels of equipment financing available for business owners.

    Top Tier Equipment Financing: "Best Market Rate" equipment loans. Requires a minimum credit score of 650 & above. Terms from 2-7 years. Monthly payments.

    Second Tier Equipment Financing: Great Rates. Available for challenged credit scores below 650. Easy to qualify. Terms from 2-5 years. Monthly payments.

Loan options
Loan options

There are a Variety of Ways to Get Financing With Fast Business Funds

Getting the right small business loan means that you can focus on growing your business without worrying about how you’re going to pay for it.

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 2021. 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 quick business loan. Most of the alternative business loan programs out there, whether it’s a term loan or line of credit, depend mostly on cash flow & time in business.

business financing
business financing

Business Term Loans

Short term financing is faster & easier to get approved for than most other small business loans you can apply for, such as sba loans which take 45+ days & require at least a 650 credit score. Term loans typically have much quicker funding times than other options and don’t necessarily depend on your FICO score for approval. Nearly one in four business owners sought short-term financing from online lenders in 2021. We offer term loans from 3 to 36 months. These loans are renewable, so you can have funds available any time you need working capital.

Business owners can easily qualify by completing our one-page online application & returning minimal paperwork. That’s probably why they’re the most popular product from online lenders when it comes to getting working capital. Most of the non-bank business loan programs out there, whether it’s a term loan or an MCA, depend primarily on business cash flow, and far less on credit score. However, if you need a small business loan & happen to have a great credit score, you will have enhanced loan options & even more favorable loan terms than someone with a poor credit score. There are never any prepayment penalties even if you have bad credit. In fact, most term loans have an early pay discount. They will not put a lien on your personal assets either.

For small business owners to get approved for a term loan, you'll just need to return our simple one page loan application along with your business checking statements. We'll get you approved for the maximum loan amount within a couple of hours. In most cases we provide same day funding & wire the proceeds directly to your business bank account. It's probably the fastest way for a business owner to charge up your cash flow.

Don't miss out on the best loan for your small business. Compare our top picks!

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 online lenders you can find when it comes to lines of credit.

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 owners.

Equipment Financing

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 the only factor either. Cash flow & annual business revenue are big part of the loan approval too.

We make it easy for small business owners to get approved because we have two tiers of equipment loans. One level for business owners with great credit & another level if you happen to have some challenges with your personal credit score at the moment. Just send your invoice for the equipment along with our easy one-page application & you're approved. That's equipment financing made easy!! If you only need new equipment, rather than needing to cover a variety of different company expenditures, this is a great small business loan option. Most small business owners appreciate the longer terms & monthly payments associated with equipment financing.

Merchant Cash Advances

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 small 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 business bank account where you can track it on your bank statements. Some cash advance providers like our company, don’t have a minimum FICO score requirement to qualify. If you need a small business loan, this is a quick way to get cash.

Small Business Owner's Ultimate Guide to Loans

Don't let your business fall short. Read our guide to small business loans and get the funding you need to succeed.

As a small business owner, you have a lot of options when it comes to financing your business. But with so many choices, it can be hard to know which loan is right for you.

That's why we've put together this ultimate guide to loans for business owners. In this guide, we'll cover the different types of small business loans, how to get them, and what to consider before you apply.

Small business loans are a type of loan that is typically used by business owners to help finance their company. small business loans typically have higher interest rates than traditional bank loans, but they can be a good option for business owners who may not qualify for traditional loans. Small business loans can be used for a variety of purposes, such as working capital, inventory, business acquisition or equipment. Small business loans are typically repaid over a period of time, such as two to five years. small business borrowers may be required to pay interest on the loan, but the interest rates on small business loans are typically lower than the interest rates on personal loans or credit cards. Small businesses owners can compare different loan options and choose the best small business loan for their needs. Direct lenders like Fast Business Funds offer same day funding, which can help small businesses get the financing they need quickly.

When you're a small business owner, it's important to have working capital on hand to cover unexpected costs or take advantage of new opportunities. There are a number of different ways to get the funding you need, including term loans, credit lines, and equipment financing. Each option has its own benefits and drawbacks, so it's important to do your research before you apply.

There are a few different places to look for small business loans: banks, online lenders, and alternative lenders. Banks are the traditional choice for small business loans, but they're not always the best option. Online lenders are a good option for almost any credit situation and when businesses need a fast approval process. Alternative lenders are a good option if you have bad credit or don't meet the requirements for a traditional loan. Fast Business Funds has multiple alternative products as well as traditional & government loan programs.

Small business loans can be a great way to get the funding you need to grow your business. However, it's important to understand how these loans work before you apply. Small business loans are typically provided by banks or other financial institutions. The interest rate on the loan will be based on a number of factors, including your credit score, the amount of the loan, and the term of the loan. You will be required to pay back the loan over a period of time, usually in monthly, weekly or daily installments depending on the loan product you choose. When you're ready to apply for a small business loan, it's important to compare different loan products and their terms. This will help you find the best small business loan for your company. Remember, you'll need to pay back the loan plus interest, so make sure you can afford the payments before you take out a loan.

Get the working capital you need to grow your business

Find the best loan for your business

Before taking out a small business loan, it's important to explore all of your options. Be sure to look at the different loan types and understand the terms of the loan, as well as the repayment schedule. It's also a good idea to compare the pros & cons of each type of business loan. If you need funding quickly, same day funding is an option with Fast Business Funds. Loan amounts range from about $10k up to a maximum loan in the $10 million range.

Taking out a small business loan can be a helpful way to access the funds you need to grow your business. However, it's important to understand the terms of any loan before agreeing to borrow. By doing your research and comparing products vs. payments & loan terms, you can ensure that taking out a business loan is the right decision for your company. Sometimes paying down current debt will free up tremendous amounts of operating capital. Sometimes adding additional equipment, marketing or hiring will bring in far more cash flow. Sometimes it's a combination of debt reduction & increased sales. Remember, the idea is to use the funds to maximize or increase revenue.

If you're a small business owner in need of financial assistance, you may be wondering if taking out a small business loan is the right move for your company. Small business loans can offer a number of advantages, including access to funds that can help you grow your business. However, it's important to understand the terms of any loan before you agree to borrow, as you will be responsible for repaying the loan plus interest. You should also be aware that some loan products may require collateral, such as personal assets or business equipment, in order to qualify for that particular type of small business loan.

Business owners need cash flow, not debt

Compare The Best Business Loans Without Leaving the House

One of the most popular sources of funding for small businesses is the Small Business Administration (SBA). SBA loans are backed by the government, so they typically have lower interest rates and longer repayment terms than other types of loans. However, they also usually require a higher minimum credit score of at least 650- 675 depending on the SBA loan program. Keep in mind that SBA loans can take 45-60 days for an approval & there are limitations on what they allow you to use the money for. If you have bad credit, an SBA loan is not an option. Another option is to apply for a loan from a bank. Bank loans often have higher interest rates than SBA loans, and they will be less flexible when it comes to credit score requirements. You'll need at least a 680 -720 to even be considered at the bank in most cases. Plan on waiting 60-90 days for an approval from the bank, if you can get approved at all. They will put a lien on your home and/ or business too. Banks turn down over 80% of business loan requests.

If you're looking for an alternative to traditional lending options & SBA loans, Fast Business Funds offers working capital loans and MCA loans. We also offer credit lines & equipment financing. Alternative lenders like us have less stringent credit score requirements than banks, and are not only faster - but far easier to deal with than banks. No matter which loan option you choose, you'll have a much better chance at getting approved than at any traditional bank out there. Plus any interest you pay on the loan will be written off 100% as a business expense at the end of the year. It's a handy tax deduction that 'zero's out' your costs on the books, making the effective interest rate 0%. While it isn't much of a factor on term Loans or MCA loans, your credit score may impact your approval for some types of equipment financing & credit lines. So it's important to check your credit report and credit score before you apply.

Bank & Government Loans vs. Alternative Lenders

Learn more about the business loan options available to you

Term Loans

We'll start with the most popular type of small business loan: the term loan. A term loan is a lump sum of money that you borrow and repay over a set period of time, usually 3-36 months. Term loans are a good option for small businesses that need a large amount of money for things like equipment, inventory, or expansion.

To get a term loan, you'll typically need to have good cash flow and there's no lien on your collateral, like property or equipment. You'll just need to provide a signed application & business bank statements so the underwriters can determine that you can afford to make the payments. Credit score isn't a major factor if you have good average daily balances, good monthly ending balances & at least 4 -6 consistent deposits each month. It will require a personal guarantee as well. Meaning you promise not to take the cash & vanish. You can do as you wish with the loan funds, there's no restrictions like there are with PPP loans or an SBA loan.

The fact that there are typically no minimum personal credit score requirements, no previous business credit stipulations & you can have cash in less that 24 hours, makes term loans a popular alternative to traditional banks & their rigid financing criteria.

Business Line of Credit

The next type of small business loan is the credit line. Credit lines are similar to a term loan, but instead of borrowing a lump sum, you're approved for a certain amount of money that you can draw on as needed. Some business owners consider this the best small business loan because of the flexibility that's built in.

Don't Overlook These Four Types of Small Business Loans

Compare business loans in 5 minutes

Best Features:
  • Unsecured Loan - No Lien on Your Business or Personal Property
  • Easy Approval - Scores as low as 500
  • Same Day Approval - Same or Next Day Funding
  • Loans from $10k to $10 Million
  • Simple 1 page application
  • Early Payoff Discounts

Credit lines are a good option for small businesses that need flexibility when it comes to financing. You can use the credit line to cover unexpected expenses, like repairs or inventory shortages. And, you only pay interest on the money you actually borrow, so it can be a more affordable option than a term loan.

To get lines of credit, you'll typically need to have decent credit and collateral, like property or equipment. You'll also need to provide business checking statements with your signed application to show monthly cash flow & your ability to make the payments. For credit lines with the lowest possible market rates, your overall credit history, business credit, annual revenue & credit scores will be a major factor. Luckily, we have "second tier" business lines of credit with more flexibility if you currently have bad credit. We can get you approved for up to $55k with as low as 550 credit scores.

Best Features:
  • Unsecured Credit Line - No Lien on Your Business or Personal Property
  • Pay On What You Draw
  • Lowest "Market" Interest Rates
  • Fast Approval - 24/48 Hours to Fund
  • Credit Lines Up to $250k
  • Second Tier Credit Lines Available for Challenged Credit

Merchant Cash Advances

The next type of working capital loan is the merchant cash advance. An MCA loan is a lump sum of money that you repay with a percentage of your future credit card sales. Merchant cash advances are a good option for small businesses that need fast access to cash and don't have the collateral or credit history to qualify for a traditional loan.

Best Features:
  • Secured by the Equipment You're Buying
  • Lowest "Market" Rates
  • Terms from 2-7 years
  • Low Monthly Payments
  • Finance Almost Any Type of Business Equipment
  • Fast Same Day Approvals - Quick Funding
  • Second Tier Equipment Financing Available for Challenged Credit

To get equipment financing, you'll typically need to provide financial statements and complete details on the equipment you intend to purchase. You'll also need to put down a down payment, which is typically 10-20% of the purchase price.

Most equipment financing deals are technically a lease purchase agreement. In this scenario, you'll put down a small down payment, pay the lease payments until the end of the term, and then have the option to buy the equipment. Usually for about $1 dollar.

This works great for most companies because the lease payments are 100% tax deductible each year. Plus you can depreciate out the equipment on your taxes as well. If the equipment remains in good shape at the end of the lease, you can turn around & sell it or continue to use it for as long as you'd like without having any additional payments. The great news for our clients - is that we can get almost any business owner approved for equipment financing even with poor credit. The terms on our equipment financing range from 2 -7 years, with monthly payments.

Best Features:
  • Unsecured Loan - No Lien on Your Business or Personal Property
  • Easy Approval - Scores as low as 500
  • Same Day Approval - Same or Next Day Funding
  • Loans from $10k to $10 Million
  • Simple 1 page application
  • Early Payoff Discounts

To get an MCA loan, you'll typically need to provide proof of your credit card sales, like bank statements or a merchant processing statement. You'll also need to agree to repay the advance with a certain percentage of your future credit card sales.

These days, a true merchant cash advance that is tied to your credit card processing is becoming more & more rare. Typically the payments will be drawn from your business checking account, however the underwriters may require your credit card statement for your loan approval. One great feature of MCA loans is that they are renewable after they have been paid down about half way. They're similar to lines of credit in that sense. Meaning it is a renewable cash flow resource.

You'll need to provide a signed application, business checking statements & a personal guarantee that you'll pay back the loan. The good news is that there's no lien on your personal property, business assets or home like you may have with personal loans. Plus we can get MCA loans approved with a minimum personal credit score as low as 500. So these are pretty easy to get approved for.

Equipment Financing

Another popular type of small business loan is equipment financing. Equipment financing is a loan that's used to finance the purchase of new or used equipment. Equipment financing is a good option for small businesses that need to buy equipment but don't have enough cash on hand to do so.

Apply now and get a decision in minutes

Once you've found the right loan for your business, it's time to apply. You'll need to fill out a loan application and provide financial statements and other documentation. The Loan Specialist will then review your application and make a recommendations for your best chance at an approval. In most cases Fast Business Funds can provide multiple loan options to our clients. We have the best small business loans in every product category.

We have the best loan options in every category

Why choose us?

With multiple products to choose from, blazing fast approvals, same or next day funds & excellent customer service... You can't go wrong with Fast Business Funds!!

National Lender

We have worked with companies across the USA. We Help business owners in all 50 states.

Full Product Selection

Many Online Lenders will try to push clients into the only product they have available. We have a full selection of products to better serve our clients.

Professional Loan Specialists

Each project we work on is tailored to the particular client's exact needs, not the other way around.

Our motto is to provide only the highest quality financing to our clients, no matter the circumstances

High standards

We take business loans seriously, meaning that we only deliver funding that we can be proud of.

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.

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Fill in the short form & a Loan Specialist will contact you right away.