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Do Short Term Business Loans Exist?

Short Term Business Loans—The Truth

If you own a small business and need access to capital in a hurry, chances are short term business loans are a great solution for your needs. Short term business loans raise funds fast. Whether you need funds for operational expenses, to expand, to buy new equipment or for an advertising campaign, short term business loans provide the opportunity to do all that in a hurry.

Where banks take weeks to review a loan application and require a large degree of paperwork, short term lenders take as little as 24 hours to review applications and a further 72 hours to send the funds directly to your account. No bank can offer that sort of turn around. This may seem like something that is too be good to be true, but this isn’t the case.

Beyond the quicker and easier application process, there’re many advantages of using short term business loans. Let’s have a look at a few below.

Speed

Short term business loans provide approved funds in as little as 72 hours. That’s much quicker than a traditional lender can provide access to funds. In most cases, online applications are available. The paperwork required is usually much less, meaning less of your precious time gets spent in the application process.

Access to funds in a timely manner means you’re free to take advantage of the great sale on cut-price equipment. You also can pay bills on time and avoid penalties. It’s for these reasons more and more business owners are considering nontraditional lenders for their finance needs.

Even though short term loans carry a higher interest rate than traditional lenders, you repay them quickly. This helps get your business out of debt and back on track in record time. This can prove cost effective in the long run and save your business thousands of dollars in interest repayments.

Versatility

Unlike banks, nontraditional lenders offer business owners flexible repayment terms. Some funds are repaid daily directly from your sales. You can discuss with your lender the best payment terms to suit your needs.

Traditional lenders might require knowing exactly where the funds get used, and may impose restrictions on the allocation of funds. There is no such issue in this case. Nontraditional lenders allow you to use funds at your discretion. As long as you repay in a timely fashion, you’re free to exercise full control of the funds lent.

Traditional lenders are quite conservative. This means they don’t like taking risks and often ask for collateral when lending funds. Nontraditional lenders realize small business owners don’t always have collateral. Providing you can meet the lending criteria you can still borrow funds without collateral.

Getting On The Path To Funding

If you’re looking for a quality short term business loan lender, eBusiness Funding is a great place to start. We work hard to support businesses that may struggle with traditional lenders. In fact, 95% of businesses that meet our simple requirements qualify for funding. All you need is to be in business for at least six months, with over $10,000 in monthly revenue. With us, it’s not about past credit history or collateral, but about your business’s potential.

It’s important to us that you use the funds we offer in the most helpful way possible, so we place no restrictions on how you spend our advances. Payroll, expansion, repairs, spend on what you need! We also get you your funds fast, sometimes as soon as 72 hours after you first apply. Repayment is also very simple. Rather than large monthly payments, we take an established percentage of your future sales. This is set up by our skilled consultants. This percentage stays the same, so if business slows down, you pay less.

Interested? If you’re ready to begin, just fill out this simple contact form. We’ll be waiting, and are looking forward to helping your business get the funding support it needs.

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Do Short Term Business Loans Exist?
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Learn more about short term business loans, their potential benefits, and how to apply them to your business quickly and effectively.
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eBusinessFunding.com

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Andy L.

Andy L.

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