What is a Short Term Loan
A type of loan that is obtained to support a temporary business capital need.
Short-term loans provide quick cash, and they require quick repayment.
Short term loans come in various forms.
NO COLLATERAL
Is this the right thing for you?
To cover unexpected costs, survive a slump, finance a short project, or capitalize on a new business opportunity
Can be used for expanding your operation, new stores, purchasing equipment or buying inventory
Great for specific expenses
Key question: "How exactly will I use the loan for grow my business?"
What is a Long Term Loan?
When your business is looking to expand or make a large investment. Include more time to repay and lower monthly payments than you’ll find with short-term business loans.
NO COLLATERAL
Is this the right thing for you?
Investors are able to realize potential earnings sooner to help offset the cost
Keeping some cash on hand is important to mitigate unexpected expenses
More flexibility
Free cash for other things
Many options for your money goals
Qualifying for LOC
These help us to understand your business
At least $100,000
in annual revenue.
in annual revenue.
600
Credit Score
Credit Score
Your business must
have been open for
at least 1 year.
have been open for
at least 1 year.
Term Loan vs Line of Credit
Term Loan
Great for business expansion.
When paying off early, usually there is a discount.
Many options of term loans can be offered.
Line of Credit
Withdrawing money when needed.
Pay for what you withdraw.
Get a Business Loan in 3 Easy Steps
Step 1
Fill out our online application
Step 2
Choose your preferred terms, reviewing the options with your dedicated loan advisor
Step 3
Receive the funds into your business bank account