Short-Term Loan

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 businesses 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