SHORT-TERM FINANCING Short-term financing can help you take care of immediate needs in your business, whether that is a cash flow shortfall or a new business opportunity. No collateral is required for short-term financing, the required documentation is limited and perfect credit not needed. Nearly every industry can get short-term financing.
BUSINESS LINE OF CREDIT A line of credit is a flexible short-term financial tool that you can use for a variety of business needs, from working capital to purchasing inventory and more. You draw a line of credit down as needed and repay weekly.
SBA LOANS An SBA loan is a low-interest, government-backed loan, with the longest term and lowest rates available. Repaid monthly, it is available to businesses that have been in business for at least two years. Collateral is required for loans of more than $25,000 in some situations.
EQUIPMENT FINANCING You need to add equipment to your business but you don’t want to tie up your capital. Equipment finance is available with little or no down payment, in both lease and loan options. The approval process is fast, the payment schedule is affordable and there are potential tax advantages. FRANCHISE FINANCING Franchise financing is a short-term funding choice that can help you meet even the most substantial expenses of running a franchise business. The underwriting process is based largely on the strength of the franchisor.