A short term loan can be used for almost any purpose. It can be used for purchasing inventory, for marketing services, hiring additional staff or any other immediate business need!
Short-term financing is an alternative to a traditional bank term loan that is extended based on the monthly sales volume at your business, and not your personal or business credit history. The application and approval process is faster, and no collateral is required. Short-term financing is available with terms from three to 24 months and it is generally repaid through automatic deductions from your business bank account.
Most industries can qualify for short-term financing and even businesses that have been open for as few as three months can apply. You can request from $5,000 to $5,000,000; lenders will base their decision on your monthly sales volume. You’ll need to provide some documentation, but far less than for longer term loans. All you need to get started are bank statements and our 1 page digital application!