✅ Receive an instant decision on your funding application
✅ Get funds in as little as 48 hours
✅ Check your affordability without affecting your business credit score
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.
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:
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.
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:
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.
Quick business loans can be used for a variety of purposes, including:
Whatever your need may be, quick business loans provide the flexibility to address immediate financial challenges and pursue long term goals.
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.
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.
Quick business loans typically have a faster application and approval process compared to traditional business loans. However, quick business loans often come with higher interest rates and shorter repayment terms.
Quick business loans do usually require a credit check as it allows the lender to make a fast assessment of an application. However, there are alternative finance options such as a merchant cash advance, or invoice finance, that consider factors other than credit score in an application if you have bad credit.
Quick business loans can vary in duration, but they are typically short term. They are often designed to provide immediate capital to address urgent business needs, such as covering unexpected expenses. Repayment terms for quick business loans may range from a few months to a couple of years, depending on the lender and the specific terms of the loan agreement. Long term financing options are generally available through traditional business loans.
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