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Fast Business Loans

Fast business loans are ready in hours. Instead of long application times, get the funding you need to jump on opportunities as they come up or smooth out sudden disruptions. Here’s everything you’ll need to know about quick business loans.

There are times when the unexpected happens. Maybe a business expense you didn’t anticipate pops up or you’re presented with a new opportunity - but you need to act fast. When you don’t have time to waste, opt for fast business loans. These funding solutions cut out long processing times to give you access to the capital you need in hours.

You don’t want to become stagnant due to financial issues, or simply miss the perfect opportunity to take things to the next level. Quick business loans can be the right solution that your company needs to thrive in a highly-competitive market.

 

 

Getting an approval in a short time frame is critical to pushing your company forward, no matter what you’re trying to accomplish. Here are some tips on how to achieve that:

How hard is it to get a fast business loan?

Getting a fast business loan from a bank can be difficult, especially if your company has bad credit, tax liens, poor or fluctuating sales, previous missed payments, or has been in business for a very short time. It’s not that fast either - because of this thorough process, banks may not get back to you in weeks or even months.

Even though their interest rates are lower, banks have a lot of strict requirements that companies should meet, making 24-hour small business loans borderline impossible.

Most small business owners searching for quick business loans can’t afford to wait that long. However, you’re not out of options if you want to get a business loan fast. 

At National, we understand that your business is on a timeline. Through our fast small business loans process, you can apply, qualify, view your options and get funded in as little as a few hours. As an alternative lender (also called a fintech lender), we don’t abide by the same time restrictions and qualifications.

In fact, your personal credit score isn’t a deal breaker when it comes to applying for quick small business loans. Your business can qualify based on annual revenue, and where you’re going, regardless of credit scores.

What are the alternatives to fast business loans?

 

Regardless of the challenges your business is facing, the problem remains the same: you need money. Fast business loans aren’t the only way you can get fast working capital for your business, but for most business owners, they’re the best.

When you need cash to grow your business, you have three options:

  • Get a fast business loan
  • Sell equity
  • Save profits to reinvest

Selling equity means you forfeit a portion of your profits forever, and may also involve losing full control or direction. Saving profits, on the other hand, can take forever—especially when you’re putting a lot of cash toward operating costs like payroll.

Based on the options, most business owners turn to outside cash in the form of fast business loans.

At National, you can get your business funded through a fast, simple and easy process.

You Don’t Just Need Fast Business Loans, You Need the Right One

As you probably know, banks may offer the lowest interest rates, but can’t compete when it comes to speed and convenience. That being said, there are many places where you can get a fast business loan.

To truly fuel your long-term growth, your business needs a program that fits your needs, goals and financials. If you act fast and accept the first option on the table, though, then you may not be going down the best path for your business.

Unfortunately, most direct lenders offer only one or a few options. Brokers may offer more, but are limited by the lenders they work with.

National’s marketplace includes over 75 leading small business lenders, putting all of the best small business loan programs in one place. After you apply, you gain access to the best options on the market.

How to Get a Small Business Loan

National’s Fast Business Loans Process

Wondering how it works?

At National, our process is geared toward helping you understand the options available in our 75+ lender marketplace, selecting the one that works best for you, then getting the funds into your account so you can get started right away.

We move quickly to find your options, help you get the information you need to make a decision, then get your business funded.

1. Apply online

Skip the in-person visit and complete the online application at your convenience. Enter a few quick details we need about your business to get the ball rolling. It only takes 60 seconds!

2. Complete the application

Finish the application process by connecting your bank accounts through our secure online portal. This automatically tells us everything we need to know, meaning you won’t have to submit bank statements.

3. Hear from a business financing advisor

Once you finish applying, you’ll touch base with a Business Financing Advisor who will be your main point of contact. They’ll get any more information they need and get the ball rolling finding your options.

4. Discuss your options and ask questions

Your Business Financing Advisor will reach out to review any options that might be on the table, and give you the opportunity to ask questions.

5. Choose the best option

Based on the options available, you can choose the one that works best for your business with guidance from your Business Financing Advisor.

6. Get funded

You can get funded in as little as a few hours after applying! Once you receive funds in your account, you’re free to put the money toward any of your business needs.

Our fast-paced process is designed to help your business get the best funding option and not lose out on your opportunity.

Quickest Financing Options On the Market

Like we mentioned earlier, the speed of your financing process doesn’t only depend on the type of lender you apply through.

Various programs also have specific guidelines that may impact how fast your business loan (or financing option) really is. While timelines can vary based on your needs and financials, most can be available in just 24 hours.

Document
Type of loan Time to fund How it works
Small Business Loans 24h Flexible or fixed financing options for any use by any industry, with terms ranging from 6 months to 10 years. Find fast secured business loans or unsecured options.
Business Lines of Credit 24-48h True revolving lines of credit. Get the cash you need at the ready to take on any spontaneous opportunity, or squash any challenge.
Equipment Financing 24-48h Purchase, lease or upgrade new or used equipment, and lower your cost of capital by not paying out of pocket. With no collateral leverage other than the equipment itself, equipment loans from NBC are an obvious choice for business owners across all industries seeking fast equipment funding.
Hybridge SBA Loan 24-48h The fastest, easiest SBA Loan product on the market, offered exclusively by NBC. Get cash in advance of your SBA loan in as little as 24 hours, and get your expedited SBA funds as soon as 45 days - that's 4x faster than banks!
Merchant Cash Advance 24-48h Get cash in advance of a portion of customer sales. The less you make, the less you have to pay. Flexible financing with fully accommodating repayment terms.

Curious about which option is best for you? Get connected with a Business Financing Advisor to discuss your options!

Eliminating Paperwork to Get You the Fastest Loan Possible

When it comes to the application process, waiting around for an answer is only half the time you’re spending. As a business owner with important things to accomplish, you also have to consider the time spent applying and gathering paperwork.

At a bank, the list of paperwork you need to submit alone can be daunting. You may have to spend hours of your own time working with your accountant to gather the paperwork, including:

  • Business licenses and permits
  • EIN
  • Income statements
  • Balance sheet
  • Your commercial lease
  • Business debt schedule
  • Payroll
  • Entity structure

Depending on your situation, you may also have to provide more than that.

National’s fast business loan process not only saves you weeks when it comes to getting funding, but also valuable time. Instead of sifting through files or making calls, you can connect your bank accounts in the click of a button, and move on to the next step.

Fast Business Loans from an Online Lender You Can Trust

If you go about the process the wrong way, then getting financing through traditional lenders can be time-consuming and complex. With documentation requirements, sky-high credit standards and lengthy review windows, traditional lenders simply won’t offer fast business loans.

At National, we’re here to ensure that you can grow your business on your own schedule—not based on loan application review timeframes.

Our rapid process—which includes speedy decisions and responsive Business Financing Advisors who provide advice tailored to you—ensures that you get the fast business loan you need to grow.

Don’t miss your opportunity to grow and lose out to the competition! Apply in just 60 seconds to get started learning your options!

National’s marketplace includes over 75 leading small business lenders, putting all of the best small business loan programs in one place. After you apply, you gain access to the best options on the market.

FAQ

What is a fast business loan?

A fast business loan is a funding solution with processing times between 24 to 48 hours. Fast business loans are an alternative to traditional bank loans, which are notoriously slow and can take up to several weeks. 

How fast can I get a business loan?

Fast business loans have funding times as quick as 24 hours and sometimes even less. To qualify for these loans, you’ll have to work with an online lender or a business financing marketplace, like National. 

How can I get a business loan on the same day?

National is a business financing marketplace offering a wide fast business loans - with processing times within 24 hours or less. Browse personalized offers based on your credit score and other criteria. 

How Much Do You Need?