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.
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:
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.
View our small business loans now!
in fast and affordable funding
provided instantly for free
with simple bi-weekly payments
Apply in minutes using our secure online application and get pre-qualified instantly
Avoid overpaying and save up to 40% compared to a merchant advance & other online lenders
Get a real business loan that helps you build credit and qualify for even better rates on capital
Work with a trusted Canadian company founded by former bank executives dedicated to helping small businesses