Short Term On-Line lenders (and cash advance companies) who like to entice borrowers with quick funding (in exchange for rapid payback) effectively disappeared into cyberspace when the Pandemic started. So let's be clear: they expected their money back from their borrowers but stopped making new loans.
Over the last month, these lenders are rearing their ugly heads again. I regularly get texts and phone calls from lenders offering me "rapid funding" and "low rates." If a small business owner is in a pinch, these offers can be enticing.
If you are in a tough spot, my best advice is to slow down and take a breath. There is usually a better way to solve your problem than taking a quick loan that will almost always have a high interest rate and put you on a treadmill that will be hard to get off of.
In my opinion f you have to go that route I found the only one that could makes sense is the program offered by American Express. We chose the daily debit amount instead of a % of credit card receivables before the pandemic. AMEX then was great about extending the pay back period out 2 years (without any additional fee) when the pandemic hit. Bank financing including SBA loans are better options of course.
Run fast from these lenders. It's all downside and the price you will pay for the short term satisfaction of meeting a cash crunch deadline is simply not worth the pain. I have been there and done that and will never (ever) do that again. Like Ami suggested - slow down and examine all of your options before taking a nosedive into a financial pit that you will soon regret.