Short Term Loans
What is a short term loan?
A short term loan is a loan that you get for your business that you are required to pay back in a short term – 3 to 12 months, depending on the lender, and perhaps even more. It is easy to get as the requirements are not too strict.
Why you should apply for a short term business loan
For most small business owners, the main question is how much loan amount they can get at a given time. It can be anything depending on your needs, but mostly, if you meet the basics, you can get any amount from $2,500 up to $50,000. This disparity is good because businesses have different loan needs at any given time.
Many small business owners ask: Why get a short term loan when I can apply for a bigger long term loan?
Requires little or no paperwork
Easy to pay back
Choose a flexible method of payment – daily, weekly, monthly
Easy to Qualify
You can get the loan even if your business is new
Short term loan amount
You can get any amount from $2,500 up to $50,000
Funding in as little as 24 hours
Interest rate usually starts at 10 percent