Short Term

Short term loans allow for very fast funding, so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly or bi-weekly. The short term loan is best for businesses with high and consistent sales that are in need of quick unsecured cash to use however you need.

Pros

  • Fast Capital in as little as 24hrs
  • Unsecured
  • Easy approval process
  • Little documentation needed

Cons

  • Cost of borrowing can be more

Best for

  • Businesses that have high and consistent sales and bank deposits
  • Businesses that need financing right away
jpr_joshShort Term