How Short Term Business Loans Can Work for You
When it comes to business loans, the length of your personal business loan term is almost as important as securing funds. Almost all businesses require additional capital at some point, but there’s a big difference between long-term loans and temporary financing solutions, otherwise known as short term loans. Most short term small business loans are repaid within a year or less, but some long-term loans can last over a decade.
What are the Benefits of Short Term Business Loans?
Speed! Short term business loans offer quick financing to support immediate business expenses. Unlike long term loans, short term loans don’t come with the risk of accumulating large debts or interest and don’t have the long-term commitment to loan payments. A short term loan can provide the right amount of money for your business while allowing you to pay off the loan quickly.
When would a business need a short term loan? Short term loans can benefit you when cash flow is slow during a short time period of time or when funding is needed to help your business grow. A short term loan can help your business now to set you up for long term success. Apply online to see what short-term financial solutions can help your business thrive.
Fast Funding
- Most short term loan programs are funded quickly, some within 24 hours1
- Not waiting for loan funds to hit your account means you can utilize the money when and where you need it most
Increased Approval Rates
- Short term business loan lenders often don’t require collateral or lengthy paperwork for approval, saving you time and headache
- Compared to traditional lenders, short term loans from an alternative lender (like National Funding) have much higher approval rates
Flexible Repayment Options
- Customized, short term loans can offer a variety of payment options
- Flexibility lets you set up a loan program that works best for your unique business needs
Take Care of Immediate Needs
- Cover costs such as an unexpected equipment repair or a higher than expected tax bills, short term loans allow you to take on unforeseen circumstances
- Use short term loans to set your business up now for long-term success in the future with upgrades to your business
How to Apply
Short term business loans from National Funding make the online application and approval process easier than ever.
Applying for short term business lending is simple. After you fill out a simple online application, we’ll reach out to you to learn more about your business, your resources, and your needs. Together, we can create a loan program and business loan terms designed to fit your company needs in terms of coverage and payment timelines. Apply today to get your process started.
How Do Short Term Business Loans Work?
Easy Application Process
Get started applying for a loan with our short online application and 3 months of bank statements.
Helpful Loan Guidance
A Loan Specialist will contact you to help you choose the right business capital financing.
Quick Decision, Fast Funding
You could be approved, and funds deposited into your account, in as little as 24 hours.1.
What Customers Are Saying
Ron Beatty, Owner
Beatty Lawn & Tree Service
Knowing how hard it had been trying to secure small business loans in the past, this family-owned business sought out National Funding thanks to its reputation for accessible, hassle-free loans. Being able to purchase new, reliable equipment was a critical component for this growth business, and National Funding helped them make it happen.
How Short Term Small Business Loans Support Your Industry
Virtually every type of business has short-term needs for cash to cover business expenditures and keep their operations on track. National Funding has experience providing funding solutions for businesses in almost every type of industry. Check out the many small business loans we provide:
Why National Funding?
Nobody provides a more personalized approach when it comes to short term loans. Experienced Loan Specialists will guide you every step of the way and answer your funding questions. And, our process makes getting the money you need to cover business expenses easy and simple.
We Know Your Industry
We have experience helping a wide variety of business owners secure the right financing solution through a variety of short term loans. Our business loans aren’t designed as one size fits all. We understand that different stages of business and industries have different needs. Even within an industry, no two businesses are the same. That’s why we provide a short term business loan that is customized for you.
Simple, Fast Application Process
No-cost, no-obligation application with funding as fast as 24 hours1
A Trusted Lending Partner
Supporting 50,000 businesses nationwide with over $3 billion in funding
Dedicated Loan Specialists
Our Loan Specialists care about your success and guide you to the right loan to get the cash you need
High Approval Rates
Even if you’ve been turned down elsewhere, there’s still a great chance we can get you the business capital you need
Hassle-Free Payments
We provide fixed terms and set up simple, automatic payments
Short Term Business Loans Resources
Financing the immediate needs of your business might seem complicated. We want to make sure you’re comfortable applying for a small business short term loan. Below, we’ve compiled some of the most important things you need to know when considering a short term loan.

How Do Daily Loan Repayments Work?
While most long-term business financing is set up for monthly payments, some short term loans require a daily loan payment. Learn more about how a short term loan with daily repayments works.

4 Myths About Short-Term Loans for Small Business Owners
You may have heard some things about short-term loans for businesses. This post will help dispel some common myths that surround short-term financing. Take a look to learn more about how short-term loans can actually help your business.

5 Internal Business Metrics Every Owner Should Measure Weekly
When considering a short term loan, it’s important to know where your business stands financially. You can monitor the health of your business by frequently checking on these 5 key metrics. Read this post to learn more about checking your business health weekly.
FAQ: Short Term Business Loans
Wondering how short term loans work or how they can help your business? Most business owners are a little unsure about receiving a short term loan. To help you better understand how the money from short term loans can help your business, we’ve put together some common questions people often ask.
Applying for a short term loan is almost always easier than getting a long-term business loan. At National Funding, we’ll help you find the right short term loans for your business with a customized loan solution. Simply fill out our easy online application to get started.
Contrary to what many business owners believe, there are short term loans available for businesses with poor credit. In fact, a short term loan could actually help you raise your credit score while avoiding excess interest payments.
Yes! In a good way. A short term loan can help improve your credit score over time. As long as you make your payments on time and pay off your loan according to schedule, you’ll likely see your credit score rise.
Short term loans typically range from 6 to 18 months. This short term and fast financing solution is a great fit for those who don’t want a long-term commitment to loan payments. This is also great for those who need financial assistance for a short period of time due to unexpected expenses or a slow season. Whatever your financial needs are, we are here to help you find the right loan for your business. Simply apply online to start the loan approval process and we’ll contact you shortly to discuss your business needs, whether that be short term, or longer.
Ratings & Reviews
With 20 years of experience helping business owners get the cash they need. We can help you find the right financing solutions to get capital for small business needs as they come up.
Disclosures
Legal Disclosures
True to our mission, we encourage you to read the following policies and learn how they affect you as a client.
(1) 24 hours:
Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.
(2) Early payoff discounts:
National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process. Equipment Finance customers who pay off the total remaining balance early, at any point during the contract, will automatically receive a 6% discount off the total remaining balance. Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance. We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.
(3) Automatic payments:
Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
(4) Wide variety of payment options:
- Equipment Financing: payments are remitted monthly with terms of 2-5 years
- Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months
(5) Potential Tax Savings:
The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.
(6) Guaranteed lowest payment:
Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Guaranteed Lowest Payment may be discontinued at any time without notice.
To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.
(7) Terms and Conditions apply:
This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.