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
The National Funding Advantage
Fast, Easy Process
Simple application process
allows for a loan decision
and funding in as little
as 24 hours1.
Personalized Services
Your loan specialist will help
you secure a small business
lending solution that is
customized for you and
your business.
No-Risk Application
There’s no risk to apply
and no impact to
your credit score.