SHORT TERM

Short term loans allow for very fast funding so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly or bi-weekly. The short term loan is best for business with high and consistent sales that are in need of quick unsecured cash to use however you need.

Pros:

  • Fast Capital in as little as 24hrs

  • Unsecured 

  • Easy approval process 

  • Little documentation needed  

Cons:

  • Cost of borrowing can be more 

Best for:

  • Businesses that have high and consistent sales and bank deposits

  • Businesses that need financing right away