This financing works similar to a mortgage payment; mostly interest with little principal paid monthly for the first few years. 

The principal will increase while the interest will decrease over time. 

The numbers which determine your interest and fees will be discussed upon approval of your application.

The answer is in the name itself. Short-term loans are quick funds that you have access to. They have a quicker repayment schedule and higher interest rates. 

Long-term loans are great for long-term commitment. They have longer repayment periods at lower interest rates. 

Short-term business loans come in handy for many reasons. 

They can be used for project start-up costs, restocking quick inventory, and covering any payroll gaops you may have in your business. Overall , they’re good for fixing quick problems you may have. 

Applying for short-term business loans is easier than applying for traditional loans. Less paperwork and requirements are needed to qualify for the loan.

With every pro, there’s a con and with short-term business comes higher interest rates and higher repayment amounts.

All it takes is 5 minutes of your time. Fill out our online application or give us a call and speak to one of our representatives who can help guide you through it. 

Upon applying, review your business’s following: 

• Annual/Monthly Revenue
• Length in Business
• Credit Score

Meeting minimal requirements still gives you a likely chance. 

Having a healthy business means that it’s running well and you’re staying on top of all the business priorities. Lenders take notice in things like this when reviewing your application. 

Credit score isn’t everything in this case. We won’t automatically deny you because it’s lower than average.