An emergency business loan can be used to fund most business related purposes such as buying stock or equipment, covering running costs, business expansion or cash flow.  There may be an unmissable opportunity or an unexpected bill whereby funds are needed quickly, emergency business loans offer flexibility and are quicker and simpler to get than traditional bank loans.

Unsecured lending can be more expensive, interest rates are normally higher compared to secured lending because the lender is taking on more risk. But there are many lenders offering competitive interest rates currently starting from around 6.9% p.a. which is often much more affordable than a business overdraft or a credit card. If your business has a solid trading history and a good credit rating you’ll likely be offered better interest rates.

As there are less checks by the lender when applying for an emergency business loan, the process is quicker and simpler than with traditional loans.  Through Same Day Business Loans, our panel of lenders will turn round a decision within 1 working day and get the funds in your bank within 2 working days, it could just be a couple of hours. It's that quick.