Emergency Business Loans for Unforeseeable Events

Keeping Your Organization Safe with Quick Access to Funding

Owning a small business requires you to stay on your toes at all times - especially when disaster strikes. Whether it’s man-made or natural, an emergency event can be costly for your small business. According to ready.gov, power outages cost the U.S. economy an upwards of $55 billion annually. Emergency business funding helps businesses get back on their feet and cover expenses during an unexpected event.

Emergency business loans can save the day when you need quick access to working capital. No matter how big or small a disaster you’ve experienced, an alternative lender like QuickBridge can offer assistance. Find out how you can secure a small business loan for an emergency and how to use this funding.

Using Emergency Business Funding

There are a number of reasons why you might need an emergency business loan. Unexpected events like power outages, natural disasters, equipment failures, supply chain shortages, and late payments can all send a small business into survival mode. When you need cash to stay afloat, you need it fast. Business owners like you have used emergency business funding to cover everyday expenses like:

• Pay for repairs or any disaster-related expenses
• Cover operational business expenses – payroll, utility bills, or insurance
• Replace equipment failures
• Invest in personal protective clothing (PPC) or safety gear for staff

The Best Source for Emergency Business Loans

When you’re in need of small business loans for an emergency, there are few places to turn. Among large banks, the Small Business Administration (SBA), and online lenders, there are hundreds of places that offer emergency business loans. However, when you need fast access to cash, there’s one major source you should turn to: alternative lenders.

While traditional bank loans and SBA loans can be a big help, their lengthy applications can hinder you from getting working capital fast. In an emergency, you don’t have time to wait weeks or even months while these lenders process your loan. In addition, these two major types of lenders typically have higher rejection rates – especially if you don't have a high credit score or high business revenue. According to Small Business Chron, business owners with a credit score lower than 640 have trouble getting a loan from a large bank. Additionally, the SBA requires borrowers to exhaust all other financing options before applying for an SBA loan – which is often too time-consuming for businesses that need funds immediately.

Even though banks and the SBA can be helpful sources for small business financing, they often are not the right choice for emergency business loans. When your business is faced with an unforeseen circumstance, you need to act quickly to make ends meet. Access to fast, reliable funds can make all the difference for business owners.

Emergency Business Loans from Alternative Lenders

When you need cash for your business quickly, it’s a good idea to apply for short-term financing from an alternative lender. These services offer plenty of benefits you can’t expect from mainstream lenders. Some of the major benefits of working with an alternative lender like QuickBridge to get emergency business loans include:

• Flexible use of spending: Use your financing as you see fit. QuickBridge funds can be used for almost any business expense.
• Fast loan decisions: QuickBridge offers a short, simple application so you don’t get bogged down in paperwork and requirements. If approved, you can expect to receive your emergency business loan in as little as one business day.

QuickBride is a trusted partner for businesses in a crisis. Our personalized service connects business owners with a dedicated funding specialist who can not only offer guided support during the application process but offer consulting and business insight. We offer fast, flexible financing of up to $500,000 in as little as 24 hours – so you have peace of mind for your business.