Short-Term Business Loans

What is a short-term business loan?

A short-term business loan provides businesses with temporary financing solutions to help bridge the gap between revenue and expenses or give businesses a boost of capital to help during a period of expansion. Most short-term loans are repaid within a year or less, compared to long-term loan repayments that can last up to a decade. Short-term loans are typically best suited for businesses that require a specific amount of funding for a specific need – whether it’s a new investment or to cover pending payments.

Unlike traditional banks, our lender partners at SmallBusinessLoans.com typically offer higher approval ratings and quicker access to capital. Short-term loans are designed for those immediate business needs where waiting weeks for funding can cause significant disruption to your business.

How does a short-term business loan work?

Short-term business loans are commercial loans but have different repayment periods and loan terms. Applying for a short-term business loan is just like applying for any other loan and they often have more flexible qualifications with higher approval ratings. Once approved, the borrower typically receives funding within a few days.

What are the benefits of a short-term business loan?

When you need immediate funding for your business, a short-term business loan steps in to help drive your business forward.

Get funding fast

• Short-term loans are quick from start to finish. Most loans provided by our lender partners are funded quickly, in as little as 24 hours¹ upon approval.
• This allows you to act quickly to make decisions that will propel your business forward.

Receive flexible repayment terms

• Your customized loan can offer a variety of payment options. Repayments can often be made on a daily, weekly, or monthly basis.
• Get the flexibility that works best for your business’s needs.

Increased approval rates

• Our trusted partners often have less rigid qualifications than traditional banks.
• With more flexible requirements, you’re more likely to get your application approved.

Take care of immediate needs

• Quickly cover unexpected expenses such as equipment repairs.
• Capitalize on investment or growth opportunities with the funding you need to take your business to the next level.

Who should get a short-term business loan?

Short-term business loans are typically best suited for businesses with short-term financing needs. Some reasons business owners apply for a short-term business loan include:

• They require funding for a specific project.
• They are experiencing cash flow disruptions and need to temporarily cover expenses.
• They want to invest in their business through an expansion opportunity or a chance to take on more customers.

What can short-term business loans be used for?

There are many ways a short-term business loan can be used. Whatever your situation, there’s a financing solution to help you achieve your goals. Some common uses for a business loan include:

• Cover unexpected expenses
• Capitalize on a growth opportunity
• Pay for emergency repairs or upgrades
• Business investments or expansion
• Short-term projects
• Bridge cash flow disruptions

What industries are supported with short-term business loans?

In our experience, every industry has a need for short-term funding. Our trusted lending partners have expertise in supporting many industries to allow businesses to succeed.

Construction loans and financing
Buy equipment or hire workers.

Commercial trucking loans and financing
Expand your fleet or handle maintenance costs.

Agricultural loans and financing
Purchase more land or upgrade equipment.

Medical practice loans and financing
Cover insurance costs or upgrade software systems.

Landscaping loans and financing
Maintain capital during slow seasons or hire employees.

Loans and financing for other industries
Our partners have short-term business loan options for almost all industries.

How do I qualify for a short-term business loan?

It’s much easier to qualify for a short-term business loan through an alternative lender. There’s no long list of requirements or hoops to jump through. Some possible eligibility requirements may include:

• At least six months in business
• Minimum $250,000 in annual gross sales
• Fair to excellent credit

Our partners keep the paperwork to a minimum. Required materials are often limited to a credit check and bank statements so you can get approved for funding faster.

How do I apply?

Applying for a short-term business loan with one of our trusted partners is simple. Just follow these three easy steps and you’ll be on your way to securing a financing solution for your business.

1. Fill out a quick form online
   No lengthy processes or tons of prep work.
2. Get matched
   No getting bombarded by different lenders.
3. Get your funds fast
   No waiting around for weeks and weeks.

After you submit your application, the lender quickly reviews your documents and gets a response back to you shortly. Then, if you accept the loan terms, the funds will be deposited to you in as little as 24 hours¹.

SmallBusinessLoans.com is your resource for efficient financing solutions and we believe access to funding shouldn’t get in the way of achieving your goals. Find the funding you need quickly so you can get back to what really matters – running your business.