Short-term loans are designed to meet short-term financing needs. They can be a flexible financial tool to better manage cash flow, deal with unexpected needs for extra cash, or take advantage of an unforeseen business opportunity.
$2,500 – $250,000
3 – 18 months
Starting at 10%
As little as 1 day
Here’s the low-down on qualifying:
Short-term lenders emphasize cash-flow more than lenders of traditional term loans. Strong cash-flow can sometimes overcome other financial information that would disqualify a business for a traditional term loan.
But you should also know that the interest rate you’ll pay and the amount you can borrow will depend on your annual revenue, business history, and personal credit rating.
Over $100,000
600
Over 2 years