Fast Business Loans: Best Lenders for Quick Access to Cash

You might consider OnDeck as one of your best options for quick business loans. OnDeck also offers lines of credit for business owners who need fast financing. Additionally, OnDeck provides short-term loan products.

For their lines of credit, you can qualify for amounts ranging from $6,000 to $100,000 with terms of six months. To receive a line of credit from OnDeck, you’ll need to have annual revenue of $100,000, a personal credit score of 625, and at least one year in business.

For their short-term loans, on the other hand, you’ll be able to access amounts ranging from $5,000 to $250,000 and terms of up to 24 months. The requirements you’ll need to qualify for this loan will be the same.

All of this being said, you’ll find that OnDeck can fund either financing product in as soon as 24 hours or as long as a few days.

Generally, you’ll find that as far as fast business loans go, OnDeck’s short term business loan is best for big, unexpected expenses, such as an emergency repair. As for their line of credit, this product is going to be best for managing cash flow.