WHAT IS A SHORT-TERM BUSINESS LOAN?
Short-term loans offer immediate financial assistance to businesses in need of working capital. From cash-flow issues to business emergencies, all businesses experience times of needing an immediate capital infusion. Rather than go the traditional lending route with terms from 5 to 10 years, a short term loan offers faster funding with terms from 3 months to 3 years.
Some standard characteristics of a short-term business loan:
- Daily or weekly payments
- Builds business credit score
- Acceptable for most business purposes
- Higher approval rates than long-term, traditional loans
IS A SHORT-TERM LOAN RIGHT FOR YOUR BUSINESS?
Short-term loans offer the benefit of speed and flexibility in use that is unmatched by most long-term bank loans. With a shorter term loan, you are able to pay of the loan quickly. If you can handle the more frequent payments and can put the loan to a good use for your business, the a short-term loan might be right for you.
FINDING THE RIGHT SHORT-TERM BUSINESS LOAN.
By partnering with SnapCap, you are paving the way to faster funding while also strengthening potential for larger loans and longer terms in the future. Apply today to work with an experienced loan officer that will make it simple to secure the short-term loan your business needs.
Step 1: Basics
for up to $600k
“My auto shop is a family-owned business and has been around since my grandfather owned it. We were in need of new lifts and tools to keep up with the pace of our customers. SnapCap guided us through the entire process, making it as easy as possible.”
Qualifying for a Short-Term Business Loan
1 Year Time in Business
All we require is 1 year in business. Typical owners have been in business 5 years.
$100K in Annual Revenue
Typical gross revenue exceeds $300,000, although we just require $100,000.
500 Personal Credit Score
Most applicants have credit score over 650. The minimum required is 500.
Meeting minimum requirements does not guarantee funding, but we'll work hard to get you the funding that you need.
A streamlined paperless application with quick processing allows you to focus on running your business.
SAME DAY APPROVAL, NEXT DAY FUNDING
The best technology in alternative lending. Funds deposited in as little as 24 hours following approval.
A RELATIONSHIP YOU CAN TRUST
SnapCap has worked with thousands of businesses since 2012. We strive to build relationships that last.
EXPERT FUNDING ADVISORS
From initial application to future funding needs, your dedicated account manager is here to help you.
HIGH APPROVAL RATES
Funding decisions based on actual business performance. SnapCap can find a solution for you.
Tailored terms to meet your needs. SnapCap is only interested in positioning your business for success.