A short-term loan can be used for purchasing inventory, for marketing services or for any other immediate business need.
No minimum credit score required!
Short-term financing can help you take care of immediate needs in your business, whether that is a cash flow shortfall or a new business opportunity. No collateral is required for short-term financing, the required documentation is limited and perfect credit not needed. Nearly every industry can get short-term financing.
Short-term financing is an alternative to a traditional bank term loan that is extended based on the monthly sales volume at your business, and not your personal or business credit history. The application and approval process is faster, and no collateral is required. Short-term financing is available with terms from three to 24 months and it is generally repaid through automatic deductions from your business bank account.
Most industries can qualify for short-term financing and even businesses that have been open for as few as three months can apply. You can request from $5,000 to $1,000,000; lenders will base their decision on your monthly sales volume. You’ll need to provide some documentation, but far less than for longer term loans: Expect to be asked for bank statements and a landlord reference. Some lenders will require that your business is majority owned by a U.S. citizen or legal permanent resident.
You can use short-term financing for almost any purpose, from working capital to inventory.