The Best Place To Get a Fast Business Loan For Your Company
How To Choose The Right Small Business Loan
When we say "Fast Business Loans", we mean excellent customer service, professional communication & superior funding speed. We can fund the same or next day in most cases. That's why they call us FAST Business Funds!!
Often times companies need some fast capital but finding the right business loan for your company is easier if you understand the various types of available financing options. The purpose of your loan often dictates the type of loan best suited for you, and the available funding options. The products below are for established businesses looking for working capital. Use this link If you need business startup funding or click the tab in the main menu above.
Fast Business Funds offers the five primary loan types that are typically used by small businesses: term loans, cash advance loans, business line of credit, equipment loans, and asset-based loans such as real estate secured financing. The qualifications for each loan type are different, and the loan you need is unique to your specific situation. Thus, it’s important to evaluate all of your options before you apply for a small business loan. You don’t want to waste time applying for funding you either don’t qualify for or that won’t help grow your company.
What are the different fast business loan options?
- Term Loans - Easy to qualify. Just need decent cash flow
- Business Line of Credit - Medium-to-Easy to qualify for. Only need "OK" credit
- Merchant Cash Advance - Easy to qualify. Takes small percentage of credit card sales each business day for repayment.
- Equipment Loans - Easy to qualify. The invoice for the equipment secures the loan.
- Real Estate Secured - Easy to qualify. Secured by any piece of real estate. Typically allows you to borrow up to 4 times monthly revenue, secured by the real estate (including vacant land).
There's a Variety of Ways to Get Working Capital With Fast Business Funds
Overview of Our Most Popular Small Business Loans
Small Business Loans
Short-term loans are easier to get approved for than most other small business loans and they typically have much quicker funding times than other options. Nearly one in four applicants sought short-term funding from online lenders in 2019. We offer term loans from 3 to 36 months with early payoff discounts. These loans are renewable, so you can have funds available any time you need working capital. Easy to qualify. One page application. Minimal paperwork. Probably the most popular product when it comes to fast business loans.
Business Line of Credit
Lines of credit typically offer smaller loan amounts than term loans up to $600,000. They are best for working capital and recurring expenses because they are revolving. This means that once you repay a draw, your credit line is available to borrow from again. "Fast Business Funds" is one of the best credit line providers in the USA. We offer monthly or weekly payments to borrowers & fast same day funding. Think of it as a 0% interest credit card for your business. ZERO percent interest?? Yes! Because the interest on business loans is 100% tax deductible as a business expense. Awesome!
Equipment loans use the equipment you are purchasing as collateral for the loan. Banks and online lenders like Fast Business Funds offer these loans, however, you can only use the proceeds for the purchase of equipment. If you default on your loan, the lender claims the equipment, making the loan less risky and leading to a 90%+ approval rate. Just send your invoice for the equipment along with our easy one page application & you're approved. Super fast funding. Easy to qualify. If you just need new equipment, rather than needing to cover a variety of different company expenditures, this is an exceptionally fast business loan to obtain.
Merchant Cash Advance
Merchant cash advances are a common form of fast business loan funding that is typically used by borrowers unable to qualify with major banks. Your funding amount depends on the revenue your business earns from credit card transactions. Payments are made daily [on business days] or weekly as a percentage of your credit card settlements. Some merchant cash advance providers like Fast Business Funds, don’t have a minimum credit score requirement to qualify. If you need a cash advance loan they will get you approved... FAST!
Real Estate Secured
These loans are secured by your real estate owned & they are very easy to qualify for. Credit score, Bankruptcy, & defaults on previous loans are not an issue. Any real estate, including raw land, is eligible even if you currently have mortgages on the property. As long as your business does at least $15k per month in revenue, you most likely qualify. Find out more at Fast Business Funds home page. Or feel free to call us with any questions you may have.
The Fast Business Funds Advantage
We Specialize In Fast Business Loans & Excellent Service
Knowing the amount of funding you need, as well as whether you meet the minimum requirements to qualify, will help you choose the type of small business loan to apply for. While short-term loans from online lenders usually require the least amount of documentation, long-term loans with banks typically have an extensive application process. The application process with Fast Business Funds takes about 5 minutes & requires a bare minimum of paperwork for all of our loan products. We make fast business loans a cinch.
For short-term loans, the entire application process can be done in a matter of minutes. For long-term loans with the major banks, the application process is more difficult due to the amount of paperwork required & the fact that they are secured by your personal & business assets, that's why banks turn down over 80% of their applicants. Fast Business Funds provides unsecured working capital, so we have much easier guidelines based primarily on cash flow.
To get the funding your business needs with zero hassle, no application fees & a simple one page application - click "APPLY NOW" anywhere on this site. We approve over 90% of our applicants & typically fund the same day (or within 48 hours depending on type of loan you obtain). Fast Business Funds serves all industries in all 50 States, so whether you need a Fast Business Loan for a restaurant, retail store, dry cleaner, automotive shop, manufacturing or almost any other type of business, Fast Business Funds can get you approved & funded... FAST!