Quick business loans

What is a quick business loan?

A quick business loan is a type of finance designed to provide fast access to capital if you’re in need of immediate funds. Unlike traditional business loans that may take weeks to process, quick business loans are streamlined, with shorter approval times and minimal documents required.

How does a quick business loan work?

Quick business loans use software to analyse a business loan application fast. They use data, such as your business credit score to assess the risk associated and make a decision on a business loan application instantly. 

At Capitalise, our Instant Offers integration puts your applications straight to lenders via an API. This means that offers are received instantly, or very quickly. 

Applying via Instant Offers is a quick and simple process. Here’s how it works: 

1. Sign up to Capitalise for free

2. Check your funding eligibility, without affecting your credit score. 

3. If something looks like a good match, submit a funding application in minutes by answering a few simple questions.

4. Find out straight away if you’re likely to be approved.

5. If approved, draw down funds in as little as 48 hours. 

How quickly can I get funding with an instant offer business loan?

Once you’ve completed your application and provided all the information required by the lenders, you could get funding in as little as 48 hours.

What do I need to get a quick business loan?

The requirements for getting a quick business loan typically vary depending on the lender and the type of loan you're applying for. However, there are some common documents and that most lenders will require:

• 6 months business bank statements

• Your latest set of annual financial accounts (if available)

A lender will also check your business credit score as part of the application. If you have a good business credit score, you’re more likely to be approved and be offered better interest rates. It’s important to regularly check your business credit score and take steps to improve it so that you can access more affordable finance.

What are common uses for a quick business loan?

Quick business loans can be used for a variety of purposes, including:

• Working capital to cover day-to-day expenses

• Growth opportunities such as opening new locations, hiring staff, or investing in marketing campaigns.

• Acquiring or upgrading equipment

• Covering unexpected costs

• Managing fluctuations in cash flow

Whatever your need may be, quick business loans provide the flexibility to address immediate financial challenges and pursue long term goals.

How much can I borrow with a quick business loan?

The amount you can borrow with a quick business loan depends on various factors, including your business' financial health, your business credit score and the type of loan you're applying for. Generally, lenders may offer loan amounts ranging from £5,000 up £100,000.

It's essential to carefully assess your business's needs to determine how much you could realistically borrow. Borrowing too much can lead to financial strain, while borrowing too little might not adequately address your needs.

You can use our business loan calculator to see what your monthly repayments might look like and the total cost of the loan to understand how much you could borrow.

How do I get the best quick business loans?

With a Capitalise account, you can apply to multiple lenders using just one application. This means you can compare your options from our panel of 100+ business lenders to find the best quick business loan for your business.