Whether you’re handling cash flow, gearing up for growth, or covering urgent costs, qualifying for same day business loans doesn’t have to be complicated. Here’s what our lenders are looking for, and how to boost your chances of approval.
1. Show some trading history
To qualify for a quick business loan, most lenders want to see that your business is actively trading. Even just 6 months of bank activity can show you’re operational and generating income. Fast business loans for new businesses do exist, but options expand the longer you’ve been trading.
2. Prove consistent revenue
The backbone of any same day business loan application is your revenue. Lenders want to know you can repay the loan comfortably. Consistent monthly income, regardless of size, goes a long way, although you'll need t minium turnover of £60k to apply with us. Keep 3–6 months of recent business bank statements handy to fast-track your application.
3. Check your credit score
Many lenders offering fast business loans in the UK will look at your credit profile, both business and personal. A good score helps, but even with a few bumps, you could still be eligible. Some lenders focus more on current trading than credit history, perfect if you’ve had past financial blips.
4. Be clear about why you need the loan
When applying for same day funding, it helps to clearly explain your purpose. Whether it’s buying stock, covering invoices, or launching a new project, lenders want to see your plan for the cash. Business loans can be used for most business related purposes, so if you're using it for cashflow or expansion, just pick the relevant option on our application form.
5. Prepare the right documents
To apply with Same Day Business Loans, all you need is some basic details about your business, such as turnover and profit, plus details of all directors (addresses, date moved in, DOB etc). Sometimes our lenders ask to see your bank statements and filed accounts. Speed is key for same day business loan approvals, so having your documents ready can make all the difference.
6. Choose the right lender
Not all lenders are built for speed. To get a business loan on the same day, you need a lender that offers quick decisions and fast payouts, often within hours. If you need cash fast, you're in the right place. Our lenders specialise in instant business loans or same day business funding.
Qualifying for a fast business loan isn’t about perfection, it’s about showing your business is real, trading, and ready to grow.