Short-term business loans
Access quick cash to meet immediate obligations
Cover all your immediate needs with a short-term business loan — and set up your company for long-term success. Find all the best options all in one place with SmallBusinessLoans.
Short-term financing made easy
When you need financing for immediate needs, it doesn’t make sense to take on a traditional business bank loan with a payback period of 5 or 10 years.2 That’s where we come in. Our network includes financial partners that specialize in short-term financing so you can get the money you need fast and pay it back quickly. With terms from 6 months to 3 years,2 they’re ready to customize a short-term business loan around your needs.
Click here and enter a bit of information about your financing needs so our system can instantly match you with the best partners.
You no longer have to stress about gaps in cash flow or worry about missing time-sensitive opportunities. At SBL, you can view your best short-term solutions in seconds. No risk. No obligation. No charge.
What short-term business loans are
Short-term business loans provide a company with temporary cash flow to cover short-term financial needs. This type of financing can be used for:
- Expansions
- Disaster recovery and unexpected expenses
- Leasing or buying equipment and vehicles
- Payroll including full-time and part-time staff
- Systems upgrades or repairs
- Any other short-term business needs or gaps in cash flow
Generally, there is no type of business that a short-term business loan won’t work for, and the repayment period typically ranges from 6 months to 3 years.2 This helps the business owner clear the debt off of their credit report more quickly when compared to a traditional business loan.
The term “short-term business loan” can be used to refer to a specific loan product, or it can be used to refer to various types of short-term financing. For example, there is the catch-all small business loan, business bridge loans, payroll loans, equipment financing, and working capital loans. If the lender is offering a short payback period, all of these types of financing could be considered a short-term business loan.
Note: The shorter payback periods normally come with higher interest rates as the lender still needs to make money. Double-check the terms and costs of any financing before signing an agreement.
The benefits of short-term financing
The benefits of short-term business loans over other types of financing include:
- Higher approval rates compared to long-term loans as there’s less time for things to go wrong with the shorter payback periods.
- Faster debt clearing to help bring your business credit score back up and free up cash flow.
- Flexible repayment terms including daily, weekly, and monthly payment options depending on the type of short-term business loan you take.
- Fast funding so you can cover immediate expenses and secure time-sensitive opportunities including buying a competitor, securing a lease, paying rent or utilities, buying raw materials, supplies or inventory, and meeting other pressing financial needs.
If you’re looking for a short-term business loan, click here and let us pair you with one of our trusted financial partners. It only takes seconds to fill out our form and get matched with the best options for your needs.
Industries short-term business loans make sense for
Every business that has a need for immediate cash can benefit from a short-term business loan. At SBL, we partner with financing providers who specialize in creating solutions for all industries. Here are some of the ways our financing partners help business owners like you based on industry.
Construction loans and financing
Buy equipment, purchase materials, or hire workers.
Commercial trucking loans and financing
Expand your fleet or handle maintenance costs.
Agricultural loans and financing
Purchase 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 numerous other industries, too.
Qualifications and requirements for short-term business loans
Compared to getting money from a bank, 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. Eligibility requirements may only include:
At least
six months
Minimum
$250,000
Poor to
excellent credit:
At SBL, 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.
Get matched and apply for a short-term business loan now
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 short-term financing solution for your business.
SmallBusinessLoans is your resource for efficient financing solutions. Find the funding you need quickly so you can get back to what really matters — running your business.
3 steps are all you need to unlock real solutions
Frequently asked questions
How long is a short-term business loan?
Why should I take a short-term business loan over other financing?
Using a short-term business loan makes more sense than other types of short-term financing, including business credit cards and business lines of credit, for expenses where you won’t be able to pay off the balance before interest comes due. When choosing a financing option, be sure to check the interest payments.
Why is the amount I can borrow with a short-term loan lower than with a traditional business loan?
Short-term business loans may have lower max funding amounts because they’re designed for short-term expenses. Lower amounts decrease the provider’s risk and ensure the loan can be funded as quickly as possible. Nevertheless, short-term loans can still provide funding up to $500,0002 in many situations, depending on the lender.