Short-term business loan

What is a short-term business loan?

A short-term business loan gives you a lump sum that you repay in fixed installments over a set term, often between a few months and two years.

Your payment amount and total cost are set before you sign, which makes it easy to plan around.

How it works

1. Apply

   Send your application and your last four months of business bank statements.

2. Review your offers

   Each offer shows the amount, the term, the total cost and the payment amount.

3. Sign and get funded

   Sign electronically and the money goes straight to your business bank account.

4. Make fixed payments

   Payments are the same amount every time until the loan is paid off.

Documents needed to apply

• Completed and signed application
• Last 4 months of business bank statements
• Copy of the owner's driver's license
• Voided business check

For larger loans, partners may ask for your most recent business tax return. A credit check is usually part of approval.

Good for

• Inventory or equipment purchases
• Renovations or expansion
• Marketing pushes and one-time projects
• Businesses that want predictable payments