Long-term loan is a common business funding. You get a lump some of cash upfront to invest in your business and repay with interest over a predetermined time period. Best for businesses looking to expand that have good credit and strong business revenue. Offers fast funding typically within two days to a week.
Get a lomp sum amount of cash to invest in your business
Borrow higher amounts
Get funding in 2-7 days
May require some type of collateral
Businesses looking to grow
Busines owners with better credit and consistent revenue who can't wait for funding
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.
Fast Capital in as little as 24 hours
Easy approval process
Little documentation needed
Cost of borrow ing can be more
Businesses that have high and consistent sales and bank deposits
Businesses that need financing right away