Top 7 Best Same Day Business Loans for 2025 (Get Funded Fast)

When a critical business opportunity arises or an unexpected expense threatens to halt operations, waiting weeks for a traditional bank loan isn’t an option. For small business owners who need capital immediately, finding the best same day business loans can be the difference between seizing growth and falling behind. These financial tools are designed for speed, delivering funds directly to your account often within 24 hours of approval.

This guide breaks down the top options for fast business funding, helping you navigate the lenders, understand the costs, and make an informed decision for your company’s financial health. We’ll explore who qualifies, what to watch out for, and how to secure the capital you need without delay.

What You’ll Learn

• Top Lenders for Speed: Discover our ranked list of the top 7 lenders that specialize in providing same day business loans and fast funding.
• Eligibility Isn’t Just Credit: Learn the key requirements for quick business loans, which often prioritize revenue and time in business over a perfect credit score.
• Speed Has a Price: Understand the cost structures, including factor rates and APRs, so you can calculate the true expense of a same-day loan before you commit.
• Common Uses and Risks: See how businesses use fast funding for everything from inventory to emergencies, and learn about the potential risks like high costs and short repayment terms.
• The Application Process Simplified: Get a clear, step-by-step walkthrough of the online application process, from gathering documents to receiving your funds.

Understanding Same-Day Business Loans: An Overview

Same day business loans are a category of financing designed to provide capital to businesses in 24 hours or less. Unlike traditional term loans from banks, which can take weeks or even months to process, these products are built on streamlined online applications, automated underwriting, and rapid fund disbursement. They are a direct response to the immediate cash flow needs of modern small businesses.

The primary trade-off is cost for convenience. To compensate for the increased risk and the speed of funding, lenders in this space typically charge higher interest rates or fees than conventional financial institutions. This makes them ideal for short-term, urgent needs where the return on investment from the capital outweighs the high cost of borrowing.

There are several common types of financing that fall under the umbrella of fast business funding:

• Short-Term Loans: These function like a traditional loan but with a much shorter repayment period, usually 3 to 18 months. You receive a lump sum of cash and make regular payments (often daily or weekly) that include principal and interest.
• Merchant Cash Advances (MCAs): An MCA isn’t technically a loan. A provider gives you a lump sum of cash in exchange for a percentage of your future credit and debit card sales. Repayments are automatically deducted from your daily sales, which means you pay back more when sales are strong and less when they’re slow.
• Business Lines of Credit: This gives you access to a set amount of capital that you can draw from as needed. You only pay interest on the funds you use. Once you repay the drawn amount, your credit line is replenished. Some online lenders offer instant approval and access to these lines of credit.

Top 7 Lenders for the Best Same Day Business Loans

When you need funding fast, choosing the right lender is critical. We’ve evaluated providers based on their funding speed, transparency, customer reviews, and loan options to bring you the best choices for 2025.

1. OnDeck

OnDeck is a well-known player in the online lending space, offering both term loans and lines of credit with the potential for same-day funding. They are a good fit for established businesses with consistent revenue that need a significant amount of capital quickly. Their process is highly automated, allowing for decisions in minutes.

Best for: Established businesses needing up to $100,000 in same-day funding.

Pros

• Fast Funding: Approved term loan borrowers may receive funds on the same day if the loan is finalized by 10:30 AM ET.
• Loyalty Benefits: Repeat borrowers may receive interest rate reductions and lower fees.
• Transparent Terms: OnDeck provides a clear breakdown of costs and repayment schedules.

Cons

• Strict Requirements: Requires a minimum of one year in business and a personal credit score of 625+.
• Origination Fees: Term loans come with origination fees that add to the total cost.

2. Credibly

Credibly offers a wide range of financing products, including working capital loans and merchant cash advances that can be funded on the same day. Their application is simple, and they are known for working with businesses in various industries, including those that traditional lenders might consider high-risk, like restaurants.

Best for: Businesses with at least six months of history seeking flexible funding options.

Pros

• Variety of Options: Offers more than just one type of loan, allowing businesses to find a better fit.
• Lower Time-in-Business Requirement: Only requires six months in business, making it accessible to newer companies.
• Quick Pre-qualification: You can see what you might qualify for in minutes without impacting your credit score.

Cons

• Daily or Weekly Payments: Repayments are frequent, which can be a strain on cash flow for some businesses.
• Factor Rates on Some Products: MCAs use factor rates, which can be more expensive and harder to compare than APRs.

3. Bluevine

A top choice for business lines of credit, Bluevine offers access to funds on demand with a quick and easy application process. Once approved, you can draw funds and have them in your bank account within a few hours for a small fee. This flexibility is perfect for managing ongoing cash flow gaps rather than a single, large expense.

Best for: Businesses that need flexible, ongoing access to capital.

Pros

• Revolving Credit: Only pay for what you use and draw funds whenever you need them.
• Fast Access to Draws: Wire transfers can deliver funds within hours.
• Simple Fee Structure: Clear weekly or monthly repayment schedule with straightforward fees.

Cons

• Weekly Repayments: The line of credit requires weekly payments, which may not suit all business models.
• Lower Loan Amounts: Maximum credit lines are generally lower than what you could get with a term loan.

4. Fundbox

Fundbox specializes in lines of credit and term loans with a focus on a simple, automated application process. You can connect your accounting software or business bank account to get a credit decision in minutes. Their speed and ease of use make them a strong contender for quick business loans.

Best for: B2B businesses and those who use accounting software like QuickBooks.

Pros

• Automated Underwriting: Connecting your software allows for a very fast credit decision.
• Transparent Pricing: Fees are presented clearly, so you know the cost of each draw upfront.
• No Prepayment Penalty: You can pay back your loan early to save on remaining fees.

Cons

• Requires Business Bank Account: You cannot apply using a personal bank account.
• Shorter Repayment Terms: Terms are typically 12 or 24 weeks, requiring rapid repayment.

5. National Funding

National Funding provides small business loans and equipment financing with a streamlined process that can result in same-day funding. They have been in business for over 20 years and have a reputation for working with business owners who may have less-than-perfect credit.

Best for: Businesses with fair credit or those in need of equipment financing.

Pros

• Accessible to Lower Credit Scores: Considers applicants with credit scores in the fair range.
• Early Payoff Discounts: Offers discounts for paying off your loan ahead of schedule.
• Dedicated Funding Specialists: Provides personalized service to guide you through the process.

Cons

• Can Be Expensive: Rates can be on the higher end, especially for borrowers with weaker credit profiles.
• Less Transparency Online: You may need to speak with a representative to get full details on rates and fees.

6. Rapid Finance

As the name suggests, Rapid Finance is focused on speed. They offer a variety of products, including small business loans, lines of credit, and merchant cash advances. Their technology-driven platform allows for quick approvals and funding, often within the same business day.

Best for: Businesses needing a quick decision and access to multiple loan types.

Pros

• High Approval Rates: Works with a wide range of industries and credit profiles.
• Multiple Products: You can compare different types of financing from a single provider.
• Fast Turnaround: The entire process from application to funding is designed for speed.

Cons

• Varying Terms: The cost and terms can vary significantly depending on the product and your business’s qualifications.
• Customer Service Reviews are Mixed: Some customers report excellent experiences, while others have noted challenges.

7. Kabbage (from American Express)

Now part of American Express, Kabbage offers flexible lines of credit with a fully automated application and servicing platform. It’s a great option for businesses that want the backing of a major financial institution combined with the speed of a fintech lender. Access to funds is continuous, making it ideal for managing cash flow.

Best for: Small businesses looking for a line of credit from a reputable brand.

Pros

• Backed by American Express: Provides a level of trust and security.
• No Obligation to Draw Funds: You are only charged fees when you take a loan from your line of credit.
• Simple Monthly Payments: Repayment terms are straightforward and easy to understand.

Cons

• Requires Business Checking Account: You must have a business checking account to be eligible.
• Monthly Fees: The fee structure is based on monthly fees rather than an APR, which can sometimes be confusing.

Comparison of Top Same-Day Lenders

Feature	OnDeck	Credibly	Bluevine	Fundbox	National Funding
Loan Type	Term Loan, Line of Credit	Working Capital, MCA	Line of Credit	Line of Credit, Term Loan	Small Business Loan
Funding Speed	As fast as same day	As fast as same day	As fast as same day	As fast as next day	As fast as same day
Min. Credit Score	625	500+	625+	600+	600+
Min. Time in Business	1 year	6 months	2 years	6 months	6 months
Min. Annual Revenue	$100,000	$180,000	$480,000	$100,000	$250,000

Eligibility Criteria for Quick Business Financing

Securing fast business funding is less about a perfect business plan and more about your company’s current financial health. Online lenders prioritize data points that demonstrate your ability to repay the loan quickly. While requirements vary by lender, they generally focus on a few key areas.

First, annual revenue is a critical factor. Lenders want to see strong, consistent cash flow. Most require a minimum annual revenue, often starting around $100,000, to ensure your business generates enough income to handle repayments. They will verify this by asking to see your last few months of business bank statements.

Second, your time in business matters. Most lenders require you to be operational for at least six months to a year. This history shows stability and reduces the lender’s risk. Startups with less than six months of history will find it very difficult to qualify for these types of loans.

Third is your personal credit score. Even though it’s a business loan, most online lenders will check the owner’s personal credit. A score above 600 is often required, though some lenders are more flexible. Your personal credit history is seen as an indicator of your financial responsibility.

Before applying, it’s wise to know where you stand. You can check your score for free using services like Credit Karma or get a more detailed report from myFICO.

Finally, your business credit score can play a role, though it’s often secondary to personal credit and revenue for faster loans. A strong business credit profile can help you secure better terms. If you’re looking to improve your long-term funding options, building your business credit is essential. Services like Credit Suite can help you establish and build a strong business credit profile, which will open doors to more affordable financing in the future.

Benefits of Same-Day Business Loans for Small Businesses

The most obvious benefit of same-day business loans is speed. When an essential piece of equipment breaks down or a can’t-miss inventory deal appears, the ability to get cash in hours, not weeks, is invaluable. This agility allows small businesses to operate on a level playing field with larger competitors who have deeper cash reserves.

Another major advantage is the simplified application process. Most applications can be completed online in under 10 minutes. They require minimal documentation—typically just bank statements and basic business information—compared to the extensive paperwork demanded by traditional banks. This saves precious time and administrative headaches for busy entrepreneurs.

Furthermore, quick business loans often have more flexible eligibility criteria. Lenders in this space place a heavy emphasis on your business’s recent performance and cash flow rather than just your credit score or years in business. This opens up financing opportunities for newer businesses or owners with less-than-perfect credit who would be immediately rejected by a traditional bank.

This rapid access to capital empowers businesses to be proactive instead of reactive. It allows you to cover unexpected payroll gaps, invest in a sudden marketing opportunity, or bridge a seasonal sales slump without losing momentum. In essence, same-day funding provides the financial flexibility needed to navigate the unpredictable landscape of small business ownership.

Comparing Interest Rates and Costs on Fast Business Loans

While the speed of same-day business loans is a major draw, it comes at a premium. These loans are among the most expensive forms of business financing, and it’s crucial to understand how their costs are structured to avoid surprises. Lenders use different methods to present their fees, which can make direct comparisons challenging.

Many short-term loans and merchant cash advances use a factor rate instead of a traditional Annual Percentage Rate (APR). A factor rate is a decimal figure, typically between 1.1 and 1.5. To calculate your total repayment amount, you simply multiply the loan amount by the factor rate. For example, on a $20,000 loan with a 1.25 factor rate, you would repay a total of $25,000 ($20,000 x 1.25).

The $5,000 is the cost of the loan.

It’s important to realize that a factor rate can be misleading. Because these loans have very short terms (e.g., 6 months), the equivalent APR can be extremely high. A 1.25 factor rate on a 6-month loan translates to a much higher APR than a 25% interest rate on an annual basis. Always try to convert the factor rate into an APR to get a true sense of the cost.

Other potential costs to watch for include:

• Origination Fees: A one-time fee charged by the lender to process the loan, usually deducted from the loan amount you receive.
• Underwriting Fees: Fees associated with the lender’s review of your application.
• Prepayment Penalties: Some lenders charge a fee if you pay off the loan early, as this cuts into their expected profit.

Pro Tip: Always ask for the total cost of borrowing and the APR. A reputable lender should be able to provide both figures. This allows you to make an apples-to-apples comparison between different loan offers and understand the true financial impact on your business.

The Application Process for Same-Day Business Loans: A Step-by-Step Guide

The process for getting a same-day business loan is designed to be as frictionless as possible. Here’s a breakdown of the typical steps you’ll follow.

Step 1: Gather Your Documents

Before you even start an application, have your essential documents ready. This will dramatically speed up the process. You’ll almost always need:

• Your driver’s license or other government-issued ID.
• A voided business check.
• Your business’s Employer Identification Number (EIN).
• The last 3-6 months of your business bank statements.
• Your most recent business tax return (for some lenders).

Step 2: Complete the Online Application

Navigate to the lender’s website and fill out their online form. This usually takes 5-10 minutes. You’ll provide basic information about yourself and your business, such as your name, business name, annual revenue, and time in business. You will then be prompted to securely upload your documents or link your business bank account.

Step 3: Await a Decision

This is where online lenders shine. Their automated underwriting systems can analyze your business’s financial data in minutes. In many cases, you’ll receive a decision—approved, denied, or pending further review—almost instantly or within a couple of hours.

Step 4: Review the Loan Offer

If approved, you’ll receive a loan agreement. This is the most critical step. Do not rush it. Carefully review the loan amount, the total repayment amount, the interest rate or factor rate, the repayment term, and the payment frequency (daily, weekly, etc.). Pay close attention to any listed fees. If anything is unclear, contact the lender for clarification before signing.

Step 5: Sign and Receive Funds

Once you are comfortable with the terms, you’ll electronically sign the loan agreement. After you sign, the lender will initiate the fund transfer. Depending on the lender and your bank, the funds can arrive in your business checking account via wire transfer or ACH deposit within a few hours, often by the end of the business day.

Common Uses for Same-Day Business Financing

The versatility of fast business funding is one of its key strengths. Business owners use these loans to solve a wide range of immediate financial challenges and capitalize on fleeting opportunities. Understanding these common use cases can help you determine if a same-day loan is the right tool for your situation.

One of the most frequent uses is for managing cash flow gaps. A major client paying an invoice late can create a serious shortfall. A quick business loan can bridge that gap, allowing you to make payroll, pay rent, and keep the lights on without interruption.

Emergency repairs are another classic example. If a critical piece of equipment, like a restaurant’s oven or a contractor’s truck, breaks down, the business stops generating revenue. Same-day funding can cover the cost of repairs or a replacement immediately, minimizing costly downtime.

Capitalizing on inventory opportunities is also common. A supplier might offer a significant bulk discount on inventory that you know will sell quickly. A fast loan allows you to purchase that inventory and increase your profit margins, an opportunity that would be lost by waiting for a traditional loan.

Other popular uses include:

• Covering unexpected bills or taxes.
• Funding a short-notice marketing campaign.
• Hiring temporary staff for a large project or seasonal rush.
• Serving as a bridge loan while waiting for a larger, slower loan to be approved.

Potential Risks of Same-Day Business Loans

While incredibly useful, same-day business loans carry significant risks that every borrower must consider. The convenience and speed come with trade-offs that can negatively impact your business if not managed carefully.

The most prominent risk is the high cost. With APRs that can easily climb into the triple digits, these loans are far more expensive than traditional financing. If the return on your investment from the loan doesn’t substantially exceed its cost, you can end up losing money and damaging your financial position.

Short repayment terms create another major pressure point. Repayments are often required on a daily or weekly basis over a period of just a few months. These frequent, high payments can put a severe strain on your daily cash flow. Before accepting a loan, you must be confident that your business can consistently generate enough revenue to meet these obligations without fail.

This can lead to a dangerous debt cycle. If a business struggles to make payments, it might be tempted to take out another high-cost loan to cover the first one. This is a slippery slope that can quickly spiral out of control, trapping the business in a cycle of debt that becomes impossible to escape.

Finally, the online lending space has predatory players. Be wary of lenders who are not transparent about costs, pressure you into making a quick decision, or guarantee approval without reviewing your financials. Always work with reputable lenders who have a track record of positive customer reviews and clear, upfront terms.

FAQ: Answering Your Questions About Fast Business Funding

Can you get a business loan immediately?

Yes, it is possible to get a business loan approved and funded almost immediately, often within the same business day. Lenders specializing in same-day loans use automated technology to review applications and financial data in minutes. If you apply early in the day and have all your documentation ready, many lenders can deposit funds into your account within hours of you signing the loan agreement. However, “immediate” usually means within 24 hours, not literally in seconds.

What is the easiest business loan to get?

The easiest business loans to get are typically Merchant Cash Advances (MCAs) and some online short-term loans. These are often easier to qualify for because lenders place more weight on your daily sales volume and cash flow than on your credit score. If your business has consistent daily credit card sales, an MCA can be relatively easy to obtain even with poor credit. However, “easy” in this context often means more expensive, so it’s crucial to understand the high costs associated with these products.

How can I get a business loan in 24 hours?

To maximize your chances of getting a loan in 24 hours, you need to be prepared. First, choose a lender that explicitly advertises same-day or 24-hour funding. Second, gather all necessary documents beforehand, such as the last 3-6 months of bank statements, your EIN, and your driver’s license. Third, apply online as early as possible on a business day, as many lenders have cutoff times for same-day funding.

Finally, be available to answer any follow-up questions from the lender and review and sign your loan agreement promptly upon approval.

Can I get a loan with just my EIN number?

No, you generally cannot get a business loan with only an EIN number. While the EIN is required to identify your business, lenders need much more information to assess risk. They will almost always require business bank statements to verify revenue, and they will check the personal credit and financial history of the business owner(s). Lenders who claim to offer “EIN-only” loans are often a red flag for predatory practices.

What credit score is needed for a business loan?

For fast online business loans, the credit score requirement is often more flexible than at a traditional bank. Many online lenders will consider applicants with a personal credit score of 600 or even lower, with some having minimums around 500. However, a higher credit score (670+) will significantly improve your chances of approval and help you secure a lower interest rate. Lenders look at your credit score in combination with your annual revenue and time in business.

Final Thoughts

The best same day business loans are a powerful financial tool for entrepreneurs facing urgent capital needs. They provide the speed and flexibility that traditional banks simply cannot match, enabling businesses to solve problems and seize opportunities without delay. Lenders like OnDeck and Bluevine offer reliable, fast options for those who qualify.

However, this speed comes at a significant cost. The high interest rates and short repayment terms mean these loans should be reserved for true emergencies or for investments with a clear and high potential return. They are not a sustainable solution for long-term financing. Before you apply, carefully assess your ability to manage the aggressive repayment schedule and ensure the loan will ultimately help, not hinder, your business’s growth.

For a healthier long-term financial strategy, focus on building a strong business credit profile. A service like Credit Suite can guide you in establishing creditworthiness, which will unlock access to more affordable funding options in the future. By using same-day loans strategically and planning for the long term, you can ensure your business has the capital it needs to thrive.