Term Loan
A lump sum at a fixed rate, repaid on a schedule you can plan around.
- Amount
- $20,000 – $1,000,000
- Cost
- From 6%
The six, in full
Short-Term Business Loan
The same instrument on a shorter runway, for something that pays itself back quickly.
- Amount
- $10,000 – $1,000,000
- Term
- Up to 24 months
- Cost
- From 6%
- Funded in
- 1 – 2 days
Short-term loan
What it is
A short-term loan works like a term loan with the repayment compressed, usually into a year or less. Less time for interest to accrue means less total interest paid, and a correspondingly larger payment each period.
It suits an unexpected cost, a slow stretch, a short project, or an opportunity with a date on it. What it does not suit is a return you are guessing at.
- When it is the wrong answer
- The payments start on schedule whether the thing you funded has paid off yet or not. Judge it on the weekly figure, not the monthly one.
What it gives you
When it is the right one
- Less total interest than the same sum over a longer term
- A payoff date visible from the start
- No restriction on what the capital is used for
- No out-of-pocket fees
Apply
Six screens, about fifteen minutes.
About fifteen minutes, across six screens. One application reaches 80+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
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The six, in full
Where it sits among the six
Short-Term Business Loan
The same instrument on a shorter runway, for something that pays itself back quickly.
- Amount
- $10,000 – $1,000,000
- Cost
- From 6%
Equipment Financing
The longest term here, tied to the thing it buys.
- Amount
- Up to $250,000
- Cost
- From 8%
Working Capital
Funding for the running of the business rather than for a purchase.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Business Line of Credit
A facility that costs nothing until the week it earns its keep.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Business Cash Advance
A sum against future receivables, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- 10% – 35% factor
The cash advance is priced as a factor and the other five as a rate. A factor of 1.2 on $100,000 is $120,000 to repay whether it clears in six months or eighteen; settling it early does not reduce it. Interest falls when the balance falls. Putting a factor beside a rate compares two different things.