UK
IRE
AU
CA
US
ZA
NABusiness loans in 7 days or less
Every business can face moments when cash is needed immediately – whether it’s to cover an unexpected repair, meet an urgent tax obligation, or seize a time-sensitive opportunity that won’t wait.
Every business can face moments when cash is needed immediately – whether it’s to cover an unexpected repair, meet an urgent tax obligation, or seize a time-sensitive opportunity that won’t wait.
Whatever the reason, when your business doesn’t have the cash to cover unexpected costs, problems can quickly escalate, or a key opportunity could be lost to a competitor.
Fortunately, fast business loans can help – providing US SMBs with the funds they need quickly and with minimal hassle. Unsure what a quick business loan is or how rapid business funding works? Read on to learn everything you need to know about getting extra cash in your account in days – or even hours.
The name says it all: instant business loans are designed for organisations that need cash fast. Applications are often approved within minutes, and funds can be in your account in 24 hours or less. Typically, loans of up to $10,000 are available.
By contrast, a traditional business loan requires a formal application and submission of multiple documents to the lender. An underwriter then reviews the information, a process that can take several days or even weeks. After approval, contracts must be signed before the funds are released. From application to receipt of funds, standard business loans usually take three to four weeks to process. While these loans can take longer, they often allow for higher borrowing amounts, up to $10,000 or more.
Fast approval business loans use advanced software to quickly assess a borrower’s application, analysing credit scores and readily available business information to evaluate risk. Initial approval can be granted in under a minute, after which the application moves to a second-stage review. Once final approval is confirmed, funds are transferred electronically and can reach the borrower’s account within a week.
As every small and medium-sized business knows, unexpected financial challenges can arise at any time, creating an urgent need for cash. Quick business loans can help ease the pressure by providing funds at short notice for almost any purpose, including:
First, you need to meet the minimum application requirements:
If you can answer yes to both, applying for a quick business loan is straightforward.
Quick business loans can place funds into your business bank account within a week.
Applying for a quick business loan is typically straightforward. Most lenders will require the following information:
Top Tip: Some lenders may ask for a personal guarantee by the business owners or directors to secure the loan. If they do, they will check their personal credit scores. Don’t get caught out by an error on your credit report, always check your business and personal credit scores before you apply.
How much does a fast business loan cost? Use our handy calculator to discover monthly interest and repayment amounts, plus total interest and cost.
Your loan details
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
Your results
Monthly payments
$0
Weekly payments
$0
Daily payments
$0
Avg. monthly interest
$0
Total interest
$0
Total cost of finance
$0
Borrow $SMBs looking for fast business finance can spend endless time submitting applications to multiple lenders, causing delays that may impact their business. Working with Swoop, which can access quick business loans from a wide range of lenders, offers a smarter solution. Even if you have bad credit or have been declined elsewhere, you may still be able to secure the fast business funding you need.
If your business needs money in a hurry, register with Swoop to find the best rates, the best terms and the best quick business loans.
Disclaimer: Swoop Funding LLC (“Swoop”) is a financial technology platform and commercial finance broker, not a lender. Swoop does not provide loans or make credit decisions. We match US-based firms with third-party lenders, equity funds, and grant agencies. All financing is subject to lender credit approval and the specific terms and conditions of the funding provider.
Broker Compensation Disclosure: Swoop provides its platform and matching services to applicants at no direct cost. We receive compensation in the form of a commission or referral fee from the finance providers in our network upon successful placement. This compensation may vary by provider and product. In certain instances, the commission paid to Swoop may influence the interest rate or terms offered by the lender, which can affect the total amount payable under your agreement.
Credit Authorization & FCRA Notice: By submitting an application or registering an account, you provide “written instructions” to Swoop under the Fair Credit Reporting Act (FCRA) to obtain your personal and/or business credit profile from consumer reporting agencies. This information is used solely to evaluate your eligibility for financing and to match you with appropriate lenders in our network.
State-Specific Disclosures:
Florida & Utah: Swoop complies with state commercial financing disclosure laws regarding the transparency of terms for non-real estate secured commercial transactions.
Entity Information: Swoop Funding LLC is a Delaware limited liability company. US Headquarters: 43 W 23rd St, New York, NY 10010, United States. Contact: hello@swoopfunding.com
General Terms: Applicants must be 18 years of age or older. All firms must be registered and operating within the United States. SBA loans are issued by private lenders and guaranteed by the U.S. Small Business Administration; Swoop is not a government agency. Please review our Terms of Use and Privacy Policy for full details.
If you have a complaint, please refer to our Complaints Policy.
yet? Register here!