Short Term Business Loan

Short Term Business Loan

For Opportunities that Just Can’t Wait

A short-term business loan is a lump sum loan designed to be paid back in less than 2 years. They are great for addressing any unexpected expenses, managing cash flow, or for bridging into larger financing options.

Loan advance maximum Amount

Loan Amount

$5,000 to $500,000

Interest Rate

Interest Rate

As low as 10%

Repayment Frequency

Term Length

3 to 24 months

Processing Time to Fund

Time to Funding

As fast as 1 day

Pros

  • Minimal paperwork
  • Set payment structure
  • Challenged Credit is accepted
  • Suitable for a wide range of business purposes

Cons

  • Annual costs higher than longer-term options
  • Shorter term could be more difficult to manage for certain businesses

Compare to other loan types

Loan types Max amount Interest rate Speed
Short-Term Business Loan $2.5K – $250K Starting at 10% As fast as 1 day
SBA Loan $5K – $5M Starting at 7.75% As fast as 2 weeks
Business Term Loan $25K to $500K 7 – 30% As fast as 2 days
Business Line of Credit $5K to over $1M 7% – 25% As fast as 1 day
Invoice Financing Up to 100% of invoice value Roughly. 3% + % per week outstanding As little as 1 day
Equipment Financing Up to 100% of equipment value 7% – 30% As fast as 2 days
Merchant Cash Advance $5K to $500,000 As low as 1.15 As fast as 1 day
Short-Term Business Loan

Sometimes Speed Matters Most

No matter how prepared you think you are, owning a business comes with surprises both good and bad. So, whether you have a time sensitive opportunity or an emergency expense – the solution often needs to be quick. After all, it’s in these moments that funding can mean the difference between shutting your doors and dominating the competition.

So the next time your bank says no, just know that there are a lot of other lenders willing to say yes.

Minimum Qualifications

annual revenue

Annual Revenue

$50,000+

credit score

Credit Score

550+

time in business

Time in Business

6 months+

Documents Needed to Qualify

  • Business Bank Statements

Ready to See your Options?

It’s free to apply and it won’t impact your credit