Short-term loan
Short-Term Business Loan
A fixed sum with a short payoff, for the thing that will not wait.
- Amount
- $10,000 – $1,000,000
- Term
- Up to 24 months
- Cost
- From 6%
- Funded in
- 1–2 days
Short-term loan
How a short-term loan works
The same shape as a term loan over a shorter period. Less time on the books generally means an easier approval and a total cost whose end is visible from the start — a payroll gap, an inventory restock, an opportunity with a closing date on it.
This firm currently publishes the same amount, term, rate and speed for its term loan as for this one, so on the figures they are the same product under two names. The difference is normally the length of the repayment, so ask what term each is being offered at.
What it gives you
Why a business picks this one
- Quicker approval than a longer loan
- Total cost visible from the start
- Nothing pledged against it
- Any business use
The application
Apply
About two minutes, no fee, no obligation, and no mark on the owner's credit score for asking.
Rather talk to somebody first? (844) 358-6249.
The six, level
Its row, against the other five
| Program | Amount | Term | Starts at | Funded in |
|---|---|---|---|---|
| Line of Credit | Up to $1,000,000 | 6 months – 3 years | From 4.5% | 1–2 days |
| Working Capital Loan | Up to $1,000,000 | Daily or weekly ACH | From 4.5% | 1–2 days |
| Term Loan | $10,000 – $1,000,000 | Up to 24 months | From 6% | 1–2 days |
| Short-Term Business Loan | $10,000 – $1,000,000 | Up to 24 months | From 6% | 1–2 days |
| Equipment Financing | Up to $250,000 | 1 – 5 years | From 8% | Monthly repayment |
| Merchant Cash Advance | $5,000 – $500,000 | Daily or weekly ACH | 1.10 – 1.35 factor | 24–48 hours |
The term loan and the short-term loan are published with the same amount, the same term, the same starting rate and the same speed. On these figures they are one product under two names. The difference between them is normally how long you are repaying — a term loan runs longer — so if you are choosing between the two, ask what term each is actually being offered at before you sign either.
The cash advance is priced as a factor rather than as interest, and the two do not compare. A factor of 1.10 on $100,000 is $110,000 to repay whether it clears in six months or eighteen; paying it off early does not make it cheaper. Interest does fall when the balance does. This site is the only one in its network that publishes the top of its factor range as well as the bottom.