Fast Business Financial provides small business loans and funding solutions with instant application processing and rapid approval decisions for businesses of varying sizes.
Editorially reviewed by Harvey Brooks
Fast Business Financial is a business financing company headquartered in Los Angeles, California that specializes in small business lending. The company operates through a streamlined digital platform accessible via their website, allowing business owners to apply for funding online or by phone. They position themselves as a rapid-approval lender with a focus on same-day or next-day funding decisions. The company employs loan specialists who guide applicants through a multi-step qualification process based on business metrics like years in operation, monthly revenue, and desired funding amount.
Fast Business Financial offers small business loans across a wide range of funding tiers, from $1,000 up to over $500,000. Their application process is segmented into a 3-step form that collects basic business and personal information, company details, funding needs, years in business, and monthly revenue figures. They appear to market primarily through digital channels and provide phone and text-based customer support. The company accepts applications from businesses with less than one year of operating history through those with 7+ years of experience.
The company distinguishes itself through aggressive speed-to-funding messaging ("GET FUNDED TODAY") and a personalized loan specialist assignment model. They offer convenient multi-channel application (online form, phone consultation, text opt-in messaging). Their qualification criteria explicitly acknowledge businesses that don't yet generate revenue or have been operating less than one year, suggesting they may serve higher-risk borrowers than traditional lenders. The application explicitly discloses automatic qualification denials for certain applicant profiles based on funding amount and revenue thresholds.
Based on available information, Fast Business Financial appears to operate as a marketplace lender or alternative business financing provider. However, the website provides limited transparency regarding actual loan terms, interest rates, fees, repayment periods, or specific loan product types (SBA loans, merchant cash advances, equipment financing, lines of credit, etc.). No third-party reviews, BBB ratings, or regulatory compliance information is visible on the contact page. Borrowers should research this company's licensing, consumer complaint history, and actual loan terms before applying.
Yes. Fast Credit Financial is a registered company headquartered in 1730 W Olympic Blvd #102 D, Los Angeles, CA 90015. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
Fast Business Financial is positioned for early-stage business owners and small businesses that have been denied by traditional banks, particularly those needing funding quickly. The primary caveat is the complete absence of transparent loan terms, pricing, or regulatory information on their public website—applicants should independently verify licensing, research customer reviews, and obtain written loan terms before committing to any application.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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