Short Term Business Loan

Short Term Business Loan Solution

A short term business loan from us means you can confidently make the right decisions for your business when they matter most. With a simple application process, your short term loan can be approved in as little as one business day.

Maybe there was an unforeseen or unfortunate situation (like a global pandemic) that has forced you to close your doors for a time and you need a little boost to get through or want to take advantage of the quiet time to do those much needed renovations. You might have found a good deal on equipment that you can’t pass up and need the funds quickly to secure the purchase. Or maybe business is booming, and you need some extra cash to support the workflow and hire new staff.

What is a Short Term Business Loan?

Short term business loans are most typically used to provide the temporary capital needed by businesses suffering from financial trouble. If your cash flow is suffering, a short term loan can provide quick cash with shorter repayment schedules than other types of business loans. As it is a type of credit, it involves borrowing a capital amount which is charged with fees and needs to be paid back typically between 6 and 18 months. Anything longer is considered a medium or long term loan. This type of loan could be a good option for small businesses who are unable to apply for a line of credit from a traditional bank. A short term loan is an effective way to alleviate sudden, and often temporary, financial hardship.