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 Amount
$5,000 to $500,000
Interest Rate
As low as 10%
Term Length
3 to 24 months
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
$50,000+
Credit Score
550+
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