Short Term

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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