No obligation approval to set up your business for what it needs next.
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Fast and easy online application that won’t impact your credit score.
We help you save time and money by easily finding the best loan options
See all your loan options in one place with our quick, simple application. It takes 1 minutes to complete and won’t impact your credit score.
Finding the best loan option for your business should be easy. With us, you can get approved within hours so you can get back to running your business.
The best loan option is one based on your budget, goals, and unique needs. We help you compare all your loan options in one place, from the industry’s top lenders.
Once approved, your funds are transferred directly into your business’s bank account within 24 hours. Growing your business is just that simple.
5,000$ à 5,000,000$
3 months—5 years
Starting at 5%
As fast as 1 day
When your business needs additional capital, a short term business loan can be the best decision you make for your company.
Each business, no matter their size, experiences periods where working capital is tight. A small business loan can help shorten these stretches, without interrupting operations.
Securing a small business loan allows you to maintain control of your company. You can use your loan however you like and can keep any profits or gains your business generates, all without seeking permission from your lender.
In order to grow, you have to continually invest in your business. A small business loan can enable you to plan for the future without using any working capital from your day-to-day needs.
Trying to capitalize on a new market? With a small business loan, you can secure the location you need to widen your business’s reach. The more locations you have, the greater your chance to grow.
Sometimes, you need a relatively small amount of financing for your business and can’t afford to spends weeks or months applying for a loan at a bank. Short term loans quickly get you the money you need without the hassle of a lot of paperwork, and you pay it back within a few months or years. Typically, you can borrow up to $500,000.
In general, you must pay back a short-term loan within 3 months to 5 years. Since the payback period is shorter than a traditional commercial loan, the interest rate and monthly payments will be higher. It's typical for borrowers to pay between 15-75 % APR, but you may get lower rates if you have excellent personal credit. On the plus side, you can get your money faster and get out of debt more quickly than you could with a traditional loan. There’s also usually no down payment or collateral required.
Short term business loans have a fast and easy electronic application process. In most cases, you can apply online and find out right away if you pre-qualify for the loan. You can normally get funding in less than 2 weeks.
The criteria for short term business loans vary, but here’s what you generally need to qualify:
- Credit score above 500
- More than $5,000 in monthly business revenues
- Be in business for at least 6 months
In addition to the above criteria, you should also have a relatively clean financial history (e.g. no bankruptcies) and be prepared to show some basic business documentation (e.g. recent tax returns and/or bank statements).
The cost of a short term business loan varies on your business financial history and your personal credit score. Rates between 15-75 % are typical, but you may get a higher or lower rate. A business owner with a good or excellent credit score and highly profitable business revenues could get a business loan or a business line of credit with an APR as low as 5 % or 6 %. On the other end, a borrower with a low-revenue business or poor credit may have to pay a significantly higher rate.
Fill the online application form provided and voilà! We will get in touch with you immediately and provide you with a number of options customized for your business, depending on the information you’ll have given us. Decide on what best suits your business and remember that you are not obliged to proceed further, and no charges apply whatsoever.