Getting money for your small business is only one piece of the puzzle. As many small business owners have discovered, finding a loan with the right term length can be just as important.
Short Term Business Loans
Most small businesses will require a loan at one time or another, but there’s a big difference between temporary loans and long term financing. Whereas short term loans typically have a maturity of one year or less, meaning they must be repaid within that time, long term financing can hang over a business’s head for years.
Short term business loans allow you to handle immediate business needs, whether it be expanding inventory, buying a new space, hiring more employees or anything in between. Oftentimes businesses need to employ strategies quickly to meet a seasonal demand. Sometimes they may need assistance if there’s a temporary cash flow deficiency. Short term loans won’t demand a long term commitment from you, meaning you can work on paying them off quickly and be debt-free in no time.
After all, loans with longer term lengths also come with interest obligations that can build up over time, complicating the repayment process and making it that much harder for business owners to be free and clear of debt. The longer a loan’s term length is, the more money you will pay in total interest costs.
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Fast Small Business Loans
At National Funding, we know how valuable short term business loans can be. However, we also recognize that getting you your money quickly is just as critical. When you need business funding, you need it today, not tomorrow. That’s why we’ve dedicated ourselves to making it easier than ever for owners to obtain quick business loans.
Borrowers can enjoy:
- Simple, no obligation applications
- Same-day approvals
- Up to $500,000 in as few as 24 hours
- Flexible repayment terms
- No need for collateral
With minimal paperwork and lightning-quick approval processes, people in search of a fast business loan know National Funding is where to turn.
Through our small business working capital loans, you can borrow up to $500,000 quickly and easily. If your business processes credit card or debit card transactions, our merchant cash advances give you the ability to borrow up to $500,000 in cash as well.
Contact National Funding today to discover you business loan options and learn just how a fast, short term business loan can help your business grow.