Same Day Business Loans UK

If you need immediate access to funds, a same-day loan could be a good option for you. Borrow up to £500,000 with an unsecured loan and keep your bank balance topped up and cash flow on the right track.

  • Compare a wide range of lenders and rates
  • Check your eligibility in minutes
  • Find out how much you could borrow
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It's fast, free and won't affect your credit score

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Written by Jamie Moorcroft | April 30, 2024

Borrow up to £500,000 in just hours*

You need working capital to run a successful small business; without it, you can struggle to pay basic business expenses like refilling stock, paying wages, covering marketing costs, etc. With an unsecured loan, you can apply in minutes and get funds in your business bank account in just hours*.

Quick business loans work the same as most traditional business loans. After your application has been approved, you get the funds as a lump sum into your bank account. You’ll make fixed monthly loan repayments over the agreed period, with interest, until your loan is repaid in full.

*It’s important to note that how fast you can get the money depends on the lender and your circumstances. But, most lenders have flexible criteria and help make loans as accessible as possible for all UK SMEs.


Benefits of a same day business loan

Fast business loans are usually unsecured, which means you don’t need to risk a commercial asset to apply for one. Instead, you might be asked to sign a personal guarantee — so if your business defaults on repayments, you’re personally liable.

As the name suggests, these types of loans are quick to get hold of. The funds could be in your business bank account within 24 hours, depending on the lender. As soon as the money is in your account, you can spend it immediately.

These loans can relieve short-term money-related stress for UK small business owners (if you’re looking for a longer-term solution, check out our long-term loans). Having the cash to hand means you can keep your business running smoothly and paying bills on time.

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Check your eligibility for business funding

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What can you use your same day loan for?

With your new loan, you could cover daily operational expenses like bills or wages, invest in new product lines, or launch a major advertising campaign.

Here are a few more ways you can use your same day business loan:

  • Expand your premises
  • Hire new staff
  • Cover seasonal dips
  • Upgrade machinery
  • Purchase new till points, computers or other equipment
  • Pay supplier invoices
Remember: Most lenders won’t stipulate how you spend your loan as long as you use it for business purposes.

Am I eligible for a UK same day business loan?

Lenders will look at loan applications on an individual basis, so even if you have poor credit, don’t let it deter you from applying for a same day loan.

If you meet the basic criteria below, you could qualify for a same day loan:

  • Your company has been trading for 4 months minimum
  • You’re a limited company, limited liability partnership or a sole trader
  • Your business is registered in the UK (and have a UK bank account)
  • You have a minimum annual turnover of £10,000

Can I get a same day loan with no credit check?

Regardless of the type of loan you apply for, the lender will always complete a hard credit check to ensure they’re lending responsibly. The lender will only perform a credit check when you’re applying for a loan, you will not get credit checked when you apply for a quote.


Can I get a same day loan with no credit check?

Our free loan comparison tool exists to help UK business owners like you find and compare the best business finance deals on the market. If there’s a loan deal with more competitive interest rates, you’d want to know about it, and that’s what you can find out in just minutes.

Simply tell us what you’re looking for via our short form and instantly compare eligible lenders. Expand to read more about each loan, and proceed with your application by clicking through to the lender’s website. Compare business loans.

About the author

Jamie Moorcroft
Written by Jamie Moorcroft

Money Writer, Director and Co-Founder

Jamie has over ten years of experience in the consumer and business finance industry, and with a background in graphic design, Jamie heads up the creative and design team at Capalona.

Updated: April 30, 2024
Published: February 19, 2024
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What our customers say...

Adrian TCapalona verified review

5/5

Amazingly fast, efficient service, minimal paperwork. So much faster than my business bank of twelve years.

Jasmine MCapalona verified review

5/5

Thanks to Capalona providing a great service, I was able to speedily find a solution to my cash flow issue in my business.

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Reviews last updated on 26 April 2024