Short-term business loans are typically repaid within two years or less time, depending on the conditions of the loan. They are best used when covering unexpected costs or when extra money is needed to help fill a gap or slow season. Most commonly, businesses use short term loans to increase working capital, invest in new inventory, purchase new equipment, or fund marketing expenditures. Short-term loans are good for quicker and easier access to funds and often have more flexible underwriting standards than long-term loans might.
Businesses that have been active for six months or more, have a $15,000 monthly revenue or $180,000 annually, and have a FICO score of 500+ are encouraged to apply for any of our business financing options. In addition to short term loans, we offer long term, merchant cash advances, equipment financing, lines of credit, and more.
Potential clients should have three months of bank statements ready for our underwriters to review the business’s revenue data. You can upload your statements directly to us via our online portal. Rest assured that we use the latest bank-grade encryption and Secure Sockets Layer (SSL) technology to keep all of our clients’ information encrypted and safe. Our financing options range from four months all the way up to five years, depending on the kind of loan product you select.
Contact us online or over the phone today to learn more about our various financing options and how we can assist your business with its cash flow needs today.