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
1. Apply
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