How Fast Business Loans Work
Fast business loans are designed to meet short-term working capital needs that arise suddenly or unexpectedly. Maybe you receive a larger-than-expected order and need money right away to purchase additional supplies. Maybe you find yourself falling short on payroll and need money in a jiffy. With a quick approval loan, you can get the money you need in as little as 1 business day.
Fast business loans come in different shapes and sizes. Some are short-term loans based on credit score and business revenues, and these are typically available to businesses over 1 year old. Businesses can also get money in exchange for unpaid invoices. Still other loans are designed for merchants that process payments on particular platforms, such as credit card processing
All of these loans share one thing in common: they’re fast! They have streamlined electronic applications, so you can apply online with minimal paperwork. Within minutes of submitting the application, you can find out if you are approved for a loan. If you are approved, you can get your money in as little as 1 business day.