Short Term Business Loans – Help Your Business Grow Quickly
To scale and grow a business efficiently, access to quick working capital is important. Short-term business loans give the ability to access funding to put into marketing, equipment, hiring staff, and other areas you can see a fast ROI and scale in
Short-term business loans are an alternative to bank loans, which require strong financials, pristine credit, and flawless bank statements. The best ways to invest into growth in a company, such as marketing and staff, is not something best suited to have as debt for years, nor is it really needed.
Merchant Cash Advance: This is the best option to obtain funding very fast, sometimes in the same day. With the lowest restrictions for approval, this is a great outlet for businesses with less than stellar credit, very short time in business, or credit issues. These are repaid within 6-18 months, with strong discounts to repay early. This is a powerful tool if used right, to get instant funding, and instant results. This is not a loan, rather a purchase of future receivables for a discount, thus lowering the credit requirements.
Line of Credit: Sometimes a lump sum loan is not fitting, We have numerous clients who have short term needs come up, such as buying materials, a marketing opportunity, or a great buy on equipment. With short-term business loans. You have access to lines of credit, which allow you to use what you need, when you need it, with the remainder accessible anytime. This is the most cost effective solution as well, you will only pay for the time you have the funding.
Invoicing financing: While this is not a short-term business loan, invoice factoring allows you to unlock your net 30,60,90 account receivables early at a small discount. This is an excellent way to get your hands on your money now, without creating debt on your business.
Short-term bank loans; these are monthly payment loans on longer terms, such as 2-5 years. While these require high credit, and strict cash flow metrics, they can also be paid off early keeping costs low.
The bottom line is, there are several programs, and several outlets to get the funds. We have been told before, this is a very confusing industry for the business owner. Strong Capital Funding helps fill that void providing only the highest level of expert guidance, to ensure our clients obtain the right working capital programs, that fit their unique business needs.
Applying for short-term business loans is easy; you simply start with a 10-15 minute consultation with a funding advisor who will begin giving you ideas what you qualify for, what terms, rates, etc. Unlike most, we offer all relevant details up front to allow you to make that decision if the fit is right. With a short digital application, and a few financial statements we can have options prepared in 24 hours in most cases.
