Short Term Loans

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 money 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