Fast/Quick Business Loans: Money in a hurry

Whatever the need, there are solutions that can bring you the funds, quickly. But although there are many providers of quick business loans, some may not offer the funds you need at a rate you will be happy to pay.

At Rangewell, we can help you find funding at competitive rates, even when time is tight.

Quick solutions from specialist lenders

A business loan from a traditional bank could take weeks or even months to arrange. Fortunately, a new generation of lenders has emerged in recent years and taken a fresh look at the lending process.

• Some will require a short meeting to discuss and understand your circumstances.
• Others may be able to make a decision in principle based on a telephone interview, which may need to be supported by documents.
• Some may offer funding online, but may require you to upload bank statements, VAT returns or company accounts.

These lenders may be able to make a funding decision without the complex paperwork, business forecasts and external reports that may have been required with a traditional business loan.

Some may even be able to have the cash you need transferring to your business account on the same business day that you apply.

What is a quick business loan?

An instant business loan is a small business loan that is given within the shortest time possible, with the approval procedure being a lenient one compared to other loan types. With Rangewell, you can be assured you'll be getting instant loan approval without having to go through the hassle. We deal with different kinds of business loans, such as loan financing. 

To find out more about your monthly repayments, speak to Rangewell today.

How do quick business loans work?

It can typically take several days for loan applications with traditional banks and building societies to get approval, mainly where the credit record isn't great, or a secured loan where collateral needs to be valued. 

The quick business loan is usually an online process that can take a few minutes or hours rather than days.

The application process is quick and easy. Select your loan with one of our potential lenders and follow the short application steps. The lender will then assess your application and will examine your finances by reviewing any financial document such as your annual turnover and profit and loss accounts, along with bank statements.

If the lender decides to offer you a loan, the interest rate and repayment period will be based on the risk associated with your business. For example, a poor credit rating or unstable financial accounts may mean that you present a high risk. If this is the case, you may expect to pay a higher interest rate and may be required to provide security. 

Why do you need a quick business loan?

Instant loans are designed to offer short-term credit to get a business through an emergency or unexpected expense. An instant loan provides a valuable service to people who don't have an alternative, such as savings or business credit cards. Instant loans can also be ideal for people who cannot quickly access more affordable types of credit.

The ideal applicants for instant loans are those who cannot access more affordable credit. If they are paid in full and on time, instant loans can help build credit. If you don't pay in time, you could risk business defaults.

How flexible is a quick business loan?

Several lenders are able to approve credit facilities of up to £100,000 in a matter of minutes and allow repayment terms that can range from 1 to 60 months, allowing you to tailor the loan to your business needs and resources.

Some are able to offer a flexible approach to repayment, allowing you to repay early without penalty, reducing the overall costs of your loan.

To find out more about monthly payments you should expect to pay and loan interest rates, speak to Rangewell today!

Can I get a same-day business loan?

You can find out if you are eligible for an instant loan in as little as 2 minutes with our free online quote tool, and could have your funds sitting in your account today, or speak to our team to find out if you are eligible to get access to capital straight away. 

Why arrange a quick business loan with Rangewell

There are many lenders who can offer Quick Business Loans, but some may only do so at high rates of interest, which can make borrowing uneconomic if you need a large sum for no more than a short period.

Getting the funding you need in hours instead of days or weeks can be essential for your business, but costs can tend to be higher than some other loans.

Lenders may charge an arrangement fee which will be added to the amount you borrow.

To get the finance you need at short notice without excessive cost, you need expert support. At Rangewell we can help you find a provider who can provide the funding you need to a timescale that fits your business at the most competitive rate.

How can I complete a quick business loan application?

Getting the loan you need at short notice can sometimes mean paying more than you need for the funds that you want.

At Rangewell, we can search all the quick loan providers for the most competitive rates, as well as a fast decision.

If you need a business loan at short notice, the fastest solution may be to call us now. We can talk you through your options, including:

• Low cost secured business loan
• Short term finance options
• small business loans
• unsecured business loans
• how to refinance current assets

Plus more.