How to Get Money Quickly for Personal or Business Reasons

Do you have a financial emergency and you need cash fast? Well, a lot of people find themselves cash-strapped and lack enough money to cater to their personal needs or to expand or launch their own online business. Luckily, there are plenty of ways that one can get money quickly to finance their pending projects. Below are helpful tips to help you raise money quickly to expand your business or meet your personal needs.

1. Use Credit Card

A quick and easy way to get money for your business or personal needs is by using your credit card. When used appropriately, credit cards can help you get funds as well as extend the period for your accounts payable.

However, if you plan to use credit cards, it’s important to know that they carry very high-interest rates for unpaid balances at the end of the month. It is, therefore, advisable to ensure that you achieve the minimum payment requirement in time. Also, opt for credit cards with low introductory annual interest rate, especially if you are borrowing the money for just 18 months or less.

2. Consider Family and Friends

A good place to start when you need money for personal or business reasons is asking your family or friends. Unlike banks and other money lending institutions, friends and family friends are very easy to persuade. You just need to make them understand why you need the money and how you are planning to repay them if it’s a loan.

This is a popular option especially for small businesses that want financing without high-interest rates. In fact, a study done by Bankrate found that out of the 62% of individuals who had a financial emergency, 28% were willing to use credit cards or borrow from family members or friends.

Nevertheless, it comes with its own risks and challenges, as this can jeopardize relationships if you don’t repay the loan according to the agreed terms. To avoid this, clearly state the terms of the loan including the amount to be borrowed, time or repayment, and interest rate if it has one. You may also want to let them know upfront on the risks involved, and let them know that there is a probability that their money will get lost.

3. Crowdfunding

With the rise of technology, businesses have a ready platform to market and sell their products as well as get financing. Crowdfunding platforms provide an opportunity for entrepreneurs to pitch their business ideas to potential investors for money.

The entrepreneur also shares the potential growth for their business model. If the crowd funders on the platform like the idea, they will pledge to support the business model and provide the funding needed. As the business progresses, there is a high chance that it will attract venture capital investment.

One way to be successful in crowdfunding is to ensure that you come up with a solid business pitch, especially if there are other entrepreneurs pitching a similar business idea. Otherwise, your competitors will win, and your idea will get rejected.

4. Get a Loan

This is a traditional way of getting money to fund your personal or business operations. Small business loans from Clopton Capital are especially a great choice since they have favorable terms and rates. In order to get this loan, you need to have a good credit score of about 640+, be in business for more than 2 years and have solid annual revenues.

You will also need to present various loan documents like bank statements, tax statements, profits and loss statements, and balance sheets. Most importantly, compare the interest rates and terms of different lending institutions before you make your final decision.

5. Secure a Microloan

If you can’t meet the requirements for getting a loan through banks, consider applying for a microloan. Microloans are given through non-profit lending organizations to help entrepreneurs finance inventory, supplies, or equipment. Typically, they lend to entrepreneurs, and these start-ups loans start from $25 to $5000.

There are numerous microlenders in the U.S that offer small loans with minimum documentation compared to banks. Their underwriting criteria is also very flexible; hence, you can get the money as soon as possible even if you have a weak credit score. You should, however, keep in mind that their interest rates are slightly higher compared to that of banks.

6. Sell Used Electronics

Do you have an old phone, gaming system, or any other electronic that you don’t use? Well, you could make some quick cash by selling them on sites like Craigslist and eBay. There is a vast market for used electronics where you can sell and resell any model of used tech.

7. Angel Investors

If you still can’t raise enough cash to finance your business through the various options, you can look for angel investors. These are investors that have done well in a particular industry and are willing to invest in promising startup ventures in the same industry. Angel investors will typically invest anywhere from $10,000.

Not only will they finance your business, but they will also offer guidance and mentorship in exchange for an equity stake in the business. In order to secure yourself an angel investor, make sure that you create a solid business plan that will capture their attention. Make a great pitch and extensively explain your company’s situation and its future potential.

To find angel investors to fund your start-up, check out sites like AngelList and Angel Capital Association. With these networks, it will be easier for you to find potential angels.

8. Sell Personal Assets

If you own assets like real estate, bonds, and stocks, consider selling them to get quick cash. This is a quick way of selling those things that have a high financial value that you don’t need them anymore.


Whether you want financing for your business or for personal reasons, employ these strategies to help you raise money fast. These strategies will help you settle your financial emergency without exterminating your finances. Once you are back on your feet, consider starting up an emergency fund to help you in the future.