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SHORT TERM

Short term loans allow for very fast funding so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly or bi-weekly. The short term loan is best for business with high and consistent sales that are in need of quick unsecured cash to use however you need.

PROS:

CONS:

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  • Fast Capital in as little as 24hrs

  • Unsecured 

  • Easy approval process 

  • Little documentation needed 
     

  • Cost of borrowing can be more

BEST FOR:

  • Businesses that have high and consistent sales and bank deposits

  • Businesses that need financing right away

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