Give Us a Call to Speak to a Loan Specialist: (866) 526-0238
Give Us a Call to Speak to a Loan Specialist: (866) 526-0238

Emergency Small Business Loans

Emergency Business Financing

One of the most important financing decisions a small business will make is to have an emergency supply of cash available in case an emergency comes up with your company. Having enough financing in place in case of an emergency, or worse like a disaster, may be the difference between a company surviving and thriving, and a company that goes out-of-business. Short term small business loans may be the solution to a company facing cash-flow issues until the problem is fixed.

Another reason to have emergency funds available is to take advantage of an opportunity that comes along that could help your business grow. Under certain circumstances the best option for fast business funding may be an emergency business loan with a higher rate than traditional financing.

Type of Loan Funding Time
Bank Loans 15-60 days
SBA Loans 10-60 days
Alternative 5-10 days
Asset Based Loans 7-21 days
Bridge Loans 1-10 days
Invoice Financing 1 day
Equipment Finance 550

Emergency Bank Loans

For almost all businesses, the ideal form of financing comes from  term loans and lines of credit offered by traditional banks (large banks, small banks, community banks, and credit unions). Traditional bank business loans are clearly the best business loans due to their exceptionally low rates and favorable terms. What is not favorable about traditional bank lending is the paperwork and due diligence needed before funding. In fact, a bank loan can take not weeks, but months. If commercial real estate is involved in the financing transaction (especially with a build-out or construction) the funding process can be even longer. Therefore the only real option offered by a traditional bank would be an existing line-of-credit that a small business or company can draw-on when they need without having to go through the approval process:

  • Bank rates: 6-12%
  • Bank Terms: 1-30 years

Emergency SBA Loans

SBA loans are an excellent source of financing to companies that qualify for this type of financing. SBA financing is a form of business funding offered by traditional bank lenders, credit unions, non-profit community lenders and small banks to small companies in which the U.S. Small Business Administration guarantees a portion of the loan. Should the small business borrower default, the SBA will cover most of the lenders’ losses. Since the government is guaranteeing a large portion of the loan, they want to ensure that candidates that shouldn’t qualify are not funded with the SBA guarantee without having gone through extensive due diligence by both the SBA and the lender. Because of this, funding time for SBAs can be rather slow. To help speed up the funding of smaller SBA loans, the government now offers the SBA Express Program which can fund within days not weeks. In addition, the Small Business Administration also offers SBA emergency disaster loans of up to $2 million for small businesses that meet their emergency financing requirements.

  • SBA Rates: 6-8%
  • Terms: 5-25 years

Emergency Alternative Loans

For companies with good credit, but have a business emergency that won’t allow for the company to wait around for months for traditional financing, an alternative business loan may be a good option.  Mid Prime alternative business lending are actual business loans that can fund within a week while only requiring minimal paperwork and documentation. With a simply credit application and submission of banks statements and tax returns, a company can be pre-approved for up to $500,000 within a couple of hours, and with a few more business documents can be funded directly into the company’s bank account within days.

  • Rates: 10-25%
  • Terms: 1-5 years

Emergency Asset Based Loans

If you’re a company that is experiencing cash-flow issues and also lack sufficient credit for more traditional forms of business financing, an option may be to use your company or personal assets as collateral. Asset based business loans allow companies to use their commercial real estate, personal real estate, account receivables, inventory, machinery and or equipment as collateral for basis of funding.

  • Rates: 8-30%
  • Terms: 1-5 years

Emergency Bridge Loans

Another option for companies in need of emergency business financing is emergency bridge funding. Bridge funding is a form of financing that helps a company meet its obligations while waiting for either permanent financing, or payment from a customer or vendor. Typically, bridge financing is secured by some sort of collateral, but under certain circumstances a company can receive unsecured bridge business financing if they have sufficient credit and cash-flow.

  • Rates: 10-25%
  • Terms: 1-12 months

Emergency Invoice Financing

If a company isn’t looking to actually commit to a term loan or line-of-credit, another way to secure business capital is to sell their unpaid 30-90 unpaid invoices for upfront funding. Invoice financing business-to-business transaction of a company’s unpaid invoice in which a factoring company will buy the unpaid invoice, provide the company with a large percentage of the invoice (minus a fee) and then will forward the remainder of the invoice’s value once the 3rd party have fully-paid the invoice.

  • Rates: 1-3%

Equipment Leasing

Every once in a while a vital piece of business equipment may need replacing without notice. When that happens, if a company doesn’t have the capital to purchase the new equipment outright, may instead chose to try leasing new machinery or equipment. Equipment leasing provides companies with crucial equipment without having to commit to buying the machinery long-term.

  • Rates: 10-25%
  • Terms: 1-5 years

Emergency Business Cash Advance

An emergency business cash advance isn’t a loan, but the sale of a small business’s future credit card deposits or bank account deposits in exchange for immediate funding. While the rates of a merchant advance (ACH loan) are easily the highest of all types of funding, those rates may be worth it should a company need immediate cash.

  • Factor rates: 1.16-1.55
  • Terms: 4-24 months

Get an Emergency Business Loan

Who We Are

GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options.

Get a Loan

    Paycheck Protection Program Broker: SBA PPP Experts, Help & Assistance
    March 29, 2020
    Coronavirus SBA Disaster Loan Broker: Help Applying for COVID-19 SBA Disaster Loans
    March 19, 2020
    COVID-19 Emergency Business Loans: Fast Coronavirus Business Funding
    March 17, 2020
    COVID-19 Nursing & Medical Clinic Loans: Coronavirus Loans For Healthcare Facilities
    March 15, 2020
    Coronavirus Business Loans: Coronavirus Emergency Working Capital
    March 11, 2020
    Minnesota Business Loans: North Star State Business Funding
    September 3, 2019
    Chicago Business Loans: Windy City Small Business Funding
    September 3, 2019
    Phoenix Business Loans: Valley of the Sun Business Financing
    September 3, 2019
    Mall Food Court Loans: Funding For Mall Restaurants
    August 29, 2019
    Subway Loans: Working Capital For Subway Franchises
    August 28, 2019
    Austin Business Loans: Funding for Austin Small Businesses
    August 27, 2019
    Web Based Company Loans: Funding for E-Businesses
    August 26, 2019
    Italian Restaurant Loans: Funding Options For Italian Cuisine Eateries
    August 26, 2019
    Government Contractor Business Loans: Federal Govt Contractor Financing
    August 21, 2019
    Home Based Business Loans
    August 20, 2019
    501(c)(3) Business Loans — Nonprofit Working Capital
    August 19, 2019
    General Practitioner Business Loans
    April 9, 2019
    Reverse Consolidations: Best MCA Reverse Consolidation Options
    October 18, 2018
    Acting Studio Business Loans: Financing For Drama Schools
    September 5, 2018
    Massachusetts Business Loans: Financing For Bay State Small Businesses
    September 4, 2018