Short-Term Loans

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.

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Pros:

• Fast Capital in as little as 24 hours

• Unsecured

• Easy approval process

• Little documentation needed

Cons:

• Cost of borrow ing can be more

Best for:

• Businesses that have high and consistent sales and bank deposits

• Businesses that need financing right away