The Home of Possibility.

 

Completely employee-owned, we’re driven with a passion for always improving the loan process of loans by reviews from our clients, with rates that work for you. You can be sure that we have a real stake in providing you with the best loan experience possible. We enjoy what we do, and are committed to making it enjoyable for you. We’re here for you, 24/7, and we work hard to ensure your loan closes on time.

 

That’s our promise.

Best short-term business loans.

 

Small businesses in need of immediate financing can receive fast funding through short-term loans.

Applying is free and won't impact your credit1

Loan Amount

$10k–$20 million

Time to Fund

1–3 business days

Loan Terms

6 months–20 years

What is a short-term business loan?

 

A short-term business loan provides a lump sum of fast funding to small businesses in need of financing. These loans typically have a term length ranging from three to 24 months.

How do short-term business loans work?

 

 

Short-term business loans typically involve a simple application process, quick approval times, and fast funding. Once approved for a loan, the borrower receives a lump sum of money and agrees to repay it within the specified term length. Repayments are typically made on a monthly basis, depending on the terms agreed upon.

Types of short-term business loans.

 

 

Short-term business loans come in various forms. Let’s define each type:

‍Term loans – These are loans with a fixed repayment term and interest rate. They are typically used for specific projects or investments.

‍Lines of credit – This type of loan provides businesses with a revolving credit limit that can be accessed as needed. Interest is only charged on the amount borrowed.

‍Invoice factoring – This financing option involves selling accounts receivable to a third party at a discount. It provides immediate cash flow by converting unpaid invoices into working capital.

‍Business cash advances – This type of loan allows businesses to receive a lump sum payment in exchange for a percentage of future sales.

It is important for businesses to research and compare these different options before deciding on the best fit for their needs.

Minimum requirements for a short-term loan.

Credit score

600+

monthly revenue

$2,500K+

time in business

6+ months