Term Loan
The classic way to fund a bigger move.
- Loan amount
- $20K – $1M
- Interest rate
- As low as 6%
Short-term loan
Short Term Business Loan
Fund your business on your terms.
- Funding amount
- $10K – $1M
- Funding speed
- As quick as 1–2 days
- Cost
- Beginning at 6%
- Term
- Up to 24 months
Short-term loan
What it is, plainly
A short term loan works like a term loan with a shorter payback period, usually a year or less. It is built for the things that cannot wait: an unexpected cost, a slow season, a short project that will pay for itself.
You may be in a hurry to get financing, but rushing into the wrong short term loan is expensive. A funding specialist goes through the offers with you before you sign anything.
The terms, in plain words
The words to read on a short-term loan offer
- Total payback
Every dollar you will hand over, from the first payment to the last: the amount, the cost and every fee. It is the one number that makes two different offers comparable.
AskWhat is the total, with every fee included?
- Fixed or daily payments
A fixed payment is the same sum on the same date, usually monthly. Daily or weekly payments are drawn from your account on a set schedule. Some advances take a share of card sales instead, so the amount moves with the till.
AskHow often, how much, and what happens in a slow week?
- Term
How long you have to repay. A longer term usually means a smaller payment and a larger total. A shorter term is the reverse.
AskWhat does the total come to on a shorter term, and on a longer one?
- Origination fee
A charge for setting the financing up, often a percentage of the amount. It is frequently taken out before the money reaches you, so what lands in the account is less than the headline.
AskIs it deducted from what I receive, and is it in the total payback?
These are general meanings. The agreement you are offered is what governs, so read its own definitions before you sign. All six terms.
What it gives you
Why owners choose it
- A fixed payment you can plan around
- Funded in as little as 1–2 days once approved
- For any business purpose
- No out-of-pocket fees
The application
Apply once. See it all written out.
About two minutes. Choose an amount, say how to reach you, and answer a few questions about the business. No application fee and no obligation.
The application is the way in, and it takes about two minutes.
The six
All six, this one marked
Short Term Business Loan
Fund your business on your terms.
- Funding amount
- $10K – $1M
- Cost
- Beginning at 6%
Equipment Financing
Equipment for virtually any industry.
- Loan amount
- Up to $250K
- Cost
- As low as 8%
Working Capital
Funding your day-to-day operations.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Business Line of Credit
Flexible financing, there when you need it.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Revenue-Based Funding
Quick and efficient access to capital.
- Funding amount
- $5K – $500K
- Funding speed
- 24–48 hours
