Term Loan
A lump sum and a fixed schedule, for the purchase you have already priced.
- Amount
- $25,000 – $500,000
- Rate
- Set in the lender's offer
Short-term loan
Short-Term Business Loan
A smaller sum repaid within months, for a need that cannot wait for a bank.
- Amount
- $5,000 – $100,000
- Term
- 3 – 18 months
- Paperwork
- Three months of statements
- Rate
- Set in the lender's offer
Short-term loan
What it is, and who it suits
A short-term loan is a term loan compressed: less money, repaid over three to eighteen months, and decided largely on how the business is trading now rather than on years of accounts. Three months of bank statements and an ID are most of what it asks for.
It asks the least of any loan here — three months trading, a credit score of 550 — and it is priced for that. It is the right shape for something short that pays for itself: an order to fulfil, a payroll to cover, a repair to make. It is the wrong shape for anything that takes years to earn back.
What it is for
Six things short-term loan pays for
- Emergencies
- A breakdown or a cost nobody planned for.
- Large orders
- Buying in the materials for a job before it is paid.
- Supplier terms
- Taking an early-payment discount.
- The season ahead
- Stock and staff for the busy months.
- Payroll
- Covering wages across a cash flow gap.
- New contracts
- Starting the work the contract pays for.
The bar
What a lender will look for
- At least 3 months in business
- Personal credit score of 550 or higher
- At least $50,000 in annual revenue
- The business actively trading
A minimum is where an assessment starts, not a promise of an offer.
And what it will ask to see
- Three months of bank statements
- A business license or registration
- Government-issued ID
- Basic information about the business
The application
Get a free quote
About fifteen minutes, a soft inquiry rather than a hard pull, and no obligation to take what comes back.
Rather talk to somebody first? (213) 204-5628.
The six programs
All six, this one marked
Business Line of Credit
A limit to draw on when it is needed, and interest only on what is drawn.
- Limit
- $10,000 – $250,000
- Interest
- On the amount drawn only
Short-Term Business Loan
A smaller sum repaid within months, for a need that cannot wait for a bank.
- Amount
- $5,000 – $100,000
- Rate
- Set in the lender's offer
Working Capital Loan
Money for the running of the business — wages, rent, suppliers — without pledging what it owns.
- Amount
- $15,000 – $300,000
- Term
- 6 months – 3 years
Equipment Financing
Buy or lease what the business runs on, and let the equipment secure it.
- Amount
- $20,000 – $1,000,000
- Term
- 2 – 7 years
Merchant Cash Advance
Cash now against future card sales, repaid as a share of each day's takings.
- Advance
- $5,000 – $200,000
- Repayment
- A share of daily card sales