We are Here to Help Grow Your Business!
Growing your business should be an exciting time and you shouldn’t be tied down due to cash flow issues.
Small business owners understand that growing your business is no easy task and that is why Lendified is here to help. Short-term business loans are great during a time of growth, fluctuating cash flows, or when you need to make a purchase in preparation for the peak season. If you are making an investment in your business that will allow you to pay back your loan within a short amount of time (typically under 2 years), then a short-term loan could be a good solution to improve your cash flow.
You can apply online in minutes by sharing basic information about you, your business, and its financial performance and pre-qualify within minutes! Using our cutting edge technology we can provide you a quote that is tailored to your business and you can get your funds within 24-48 hours after being approved.
Whenever applying for a small business loan you have to be aware that they have unique term and interest rates. Depending on criteria like you time in business, credit history, and cash flow are the things that will determine whether you are eligible for a loan or not.
Is a Short-Term Loan Right for my Business to Increase Cash Flow?
Short-term business loans are great during a time of growth, fluctuating cash flows, or when you need to make a purchase in preparation for their peak seasons. If you are making an investment in your business that will allow you to pay back your loan within a short amount of time (typically under 2 years), then a short-term loan could be a good solution.
Common scenarios we see short-term business loans helping business owners with their cash flow:
- Temporary operation related expenses – If you want to hire temporary employees during your peak seasons or to complete a project, a short-term business loan could help.
- Bridging cash flow – If you don’t have enough working capital right now but anticipate more money coming in soon, a short-term business loan can help you bridge the gap and focus on running your business instead of worrying about your finances.
- Surprises – All business owners run into surprises every now and then. Whether it is a piece of equipment breaking or an opportunity to get bulk pricing on inventory, you can use a short-term business loan to quickly get the funding you need and focus on taking your business forward.
How Can I Get a Short-Term Business Loan?
A line of credit from a bank is often the first choice for business owners; however, many banks are conservative and make business owners jump through a lot of hoops just to see if they’ll get approved. This often prevents businesses from quickly taking advantage of an opportunity or getting funding when they actually need.
If you have access to a business credit line it is best to use it. However, for those who don’t have a line of credit or can’t get more from their bank, an online lender such as Lendified may be a good fit for you to increase your cash flow. Lendified offers short term business loans through a simple and easy online process. You can get pre-qualified in minutes and funding in as fast as 48 hours.