UK
IRE
AU
CA
US
ZA
NAQuick business loans
Every business has periods when they need more cash than cashflow will allow – it could be to make an emergency repair, meet a sudden tax demand, or perhaps to grab an opportunity that’s too good to miss.
Every business has periods when they need more cash than cashflow will allow – it could be to make an emergency repair, meet a sudden tax demand, or perhaps to grab an opportunity that’s too good to miss.
Whatever the reason, when your business cannot spare the cash to meet unplanned obligations, financial problems can quickly multiply, or the golden goose you were chasing may go to your competitor.
Fortunately, quick business loans can solve these kinds of issues – giving US SMEs the funds they need immediately and with the minimum of fuss. Not sure what quick business loans are, or how fast business finance works? Read on to find out all you need to know about getting extra cash in your account in no time at all.
The clue is in the word ‘instant’. Quick business loans are for organisations that need money in a hurry. Borrowers can expect a simple application and funding delivered shortly after approval. Loans of up to $10,000 may be available.
In comparison, securing a traditional business loan begins by completing a formal application and providing documents to the lender. This stack of data is then reviewed by an underwriter, a process that can take days, or sometimes weeks. Once the loan is approved, contracts must be signed and exchanged, and only then will funds be transferred to the borrower’s account. From time of application to release of funds, typical business loans will take 3 to 4 weeks to process – although the sums available may be higher than with instant approval loans – allowing businesses to borrow up to $10,000.
Instant approval business loans use sophisticated software to analyse the borrower’s application, relying on credit scores, and readily available business information to determine risk. Initial approval may be provided in less than a minute, at which point the application is passed through for second stage review. After final approval, funds are provided by electronic transfer and can be in the borrower’s account the following day.
As all SMEs are aware, financial surprises can come out of nowhere, and all sorts of reasons can drive a sudden need for cash. Quick business loans can soften the financial impact of unexpected events by providing funds at very short notice, and for almost any type of purpose:
Firstly, you need to meet the minimum application criteria:
If you can answer yes to the questions above, applying for a quick business loan is simple: Click on the button below to apply. Receive your initial approval in seconds.
Quick business loans can place funds into your business bank account soon after approval.
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 quick 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 $SMEs seeking fast business finance may find themselves forever searching and making applications to lender after lender. The delays this may create could cause problems for your business. Instead, working with Swoop, who can access quick business loans from a wide range of lenders is a better way to go. Even if you have bad credit, or have been turned down elsewhere, it may still be possible to secure the fast business loan 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.
Written by
Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Wells Fargo Bank, Visa, Experian, Ebay, Flywire, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of US consumer and business finance.
Swoop promise
At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple – to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.
Find out more about Swoop’s editorial principles by reading our editorial policy.
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!