Independent ranking
Fastest UK business loans (same-day funding)
Independent UK lender rankings from desk research, post-decline options included. FundBiz does not run a credit check. Typical decision times vary by product and lender and are stated in the ranking below.
Start here · What do you need?
The fastest UK business loans for same-day funding are iwoca (flexi-loan), Capify (short-term loans) and 365 Business Finance (MCA). iwoca gives many decisions instantly or within 24 hours, Capify says same-day funding is available (typically 24 to 48 hours from application to funding), and 365 says funding can arrive in as little as 24 hours. Speed usually costs more: iwoca's own representative example is 49% APR, while Funding Circle term loans start from 6.9% a year. Weighted on decision speed and funding speed. This FundBiz ranking assesses 5 UK lenders for "fastest uk business loans (same-day funding)", weighting primarily on decision speed (40%), funding speed (25%), eligibility breadth (15%) (see the full weighted criteria below). Scores are our own desk-research assessment built from the FCA Register, Companies House filings and each lender's published product criteria, not customer reviews and not paid placement. Lenders don't pay for inclusion or rankings. If you send an enquiry, we pass it to a business finance broker, who pays us a fixed fee; you pay nothing.
Source: FundBiz methodology. Editorial by Best Business Loans Ltd (16833937).
Founder & Managing Director, Muswell Rose, FundBiz
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind FundBiz. His background runs through commercial finance, mortgages and fintech, including as managing director of an invoice finance business. He oversees FundBiz's guides and lender reviews.
Last updated:
-
Flexi-loan / line of credit · £1k to £1m · Same day to 24 hours
Instant decision on many loans, or within 24 hours, by iwoca's own account.
Our assessment: Decision speed: top tier (same day to 24 hours) · Eligibility breadth: strong.
Read full iwoca review → -
Short-term business loans and supplier invoice payment · £10k to £3m · Typically 24 to 48 hours; same-day funding available
Same-day funding available; typically 24 to 48 hours from application to funding, by Capify's own account.
Our assessment: Decision speed: top tier (typically 24 to 48 hours; same-day funding available) · Eligibility breadth: strong.
Read full Capify review → -
Merchant cash advance (revenue-based finance) · £10k to £500k · Funding in as little as 24 hours
Funding in as little as 24 hours, by 365's own account.
Our assessment: Decision speed: strong (funding in as little as 24 hours) · Eligibility breadth: strong.
Read full 365 Business Finance review → -
Term loan · £10k to £750k · As little as 5 minutes
Decision in as little as 5 minutes and funds typically within 48 hours, on Funding Circle's own figures.
Our assessment: Decision speed: strong (as little as 5 minutes) · Eligibility breadth: top tier.
Read full Funding Circle review → -
SME term loan, asset finance + commercial mortgage · £25k to £150k (business loans); up to £15m (commercial mortgages) · Money in days on business loans; longer for larger facilities
Business loans come with an online decision in principle and money in days, by Allica's account; larger facilities take longer.
Our assessment: Decision speed: average (money in days on business loans; longer for larger facilities) · Eligibility breadth: strong.
Read full Allica Bank review →
Side-by-side comparison
| Lender | Typical rate | Ticket | Decision | Best for |
|---|---|---|---|---|
| iwoca | From 1.5% per 30 days | £1k to £1m | Same day to 24 hours | Working capital and cash-flow-gap files needing flexible draw-down |
| Capify | Factor rate set by risk (not published) | £10k to £3m | Typically 24 to 48 hours; same-day funding available | UK businesses trading 12+ months with £10,000+ monthly turnover that need short-term funds quickly |
| 365 Business Finance | One fixed cost, repaid as a percentage of card sales (quoted per offer) | £10k to £500k | Funding in as little as 24 hours | Hospitality, retail and ecommerce Ltds trading 6+ months with £10k+ monthly card sales (365's published minimum) |
| Funding Circle | From 6.9% per year | £10k to £750k | As little as 5 minutes | Established Ltds with a trading record and clean credit |
| Allica Bank | Business loans 9.90% to 13.75% interest; other products quoted per deal | £25k to £150k (business loans); up to £15m (commercial mortgages) | Money in days on business loans; longer for larger facilities | Established Ltd companies with three or more years of filed accounts |
Sources: each lender's own published product pages: iwoca · Capify · 365 Business Finance · Funding Circle · Allica Bank. Figures change; confirm with the lender before you rely on one.
What is the fastest UK business loan for same-day funding?
iwoca, Capify and 365 Business Finance are the quickest on this list. iwoca gives many decisions instantly or within 24 hours; Capify says same-day funding is available, typically 24 to 48 hours from application to funding; 365 says funding can arrive in as little as 24 hours.
How quickly can a UK business loan be funded?
It depends on the product and the lender. As recorded in our lender reviews: iwoca: same day to 24 hours. Capify: typically 24 to 48 hours; same-day funding available. 365 Business Finance: funding in as little as 24 hours. Funding Circle: as little as 5 minutes. Allica Bank: money in days on business loans; longer for larger facilities. Timings are the lenders' own or typical figures and depend on how complete your application is.
What documents speed up a UK business loan decision?
Three to six months of business bank statements, latest filed accounts, a director ID document and a current management P&L. With these ready, decision time falls to the lender minimum.
Does fast UK business funding cost more?
Usually, yes. iwoca's own representative example is 49% APR, while Funding Circle term loans start from 6.9% a year for the strongest applicants. Compare the total cost, not only the speed.
Which UK lender funds fastest for £100k+ tickets?
iwoca lends up to £1m (typically up to 20% of annual turnover) and gives many decisions instantly or within 24 hours. Funding Circle lends up to £750k with decisions in as little as 5 minutes and funds typically within 48 hours. For £1m+ bespoke deals, OakNorth is a specialist route; it says it typically funds within weeks.
How we ranked these
We weight decision speed (40%), funding speed (25%), eligibility breadth (15%), post-decline acceptance (10%), decline handling (10%). Rankings reflect our published editorial methodology, not any commercial arrangement. See our /methodology/ for the full basis.
Methodology weights
Weights specific to "Fastest UK business loans (same-day funding)":
- Decision speed40%
- Funding speed25%
- Eligibility breadth15%
- Post-decline acceptance10%
- Decline handling10%
Read the full methodology for how we score and rank the lenders we review.
Also considered
- Liberis
- YouLend
- Tide loans
Not for
Borrowers prioritising rate over speed; £500k+ tickets.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman. Editorial by Best Business Loans Ltd (16833937).