Short-Term Business Loans

People engaged in commercial activity know they have to cope with a competitive and unstable environment. They know that money challenges may hide behind any corner. It is important to meet any situation head-on. Having access to the ultimate source of funds is one of the factors which protects any business from financial obstacles. Short term small business loans are in high demand among smart entrepreneurs today as the are. It is a convenient and easily accessible way to get money fast.

Short-Term Funding for Business

small business loans for a short term

This is a one-time loan provided for a short period of time (from 3 to 24 months) to people engaged in a commercial activity. The amount which you can borrow varies from $5,000 to $250,000.

A business loan for a short-term is a valuable option to get the needed money and avoid risks connected with a lack of funds. There are many reasons why you may need to borrow money for a short period. For example, starting from the emergency need to buy or repair equipment, and ending with a delayed payment from a customer. Taking out a short-term loan in this case has many advantages.

How to Get a Business Loan?

Personal Money Service provides online short-term business loans with speedy approval for entrepreneurs. Our clients usually get approved for a loan within one business day. It is easy to file an application and to enjoy our fast and paperless service. It saves you a lot of time and efforts that is valuable in our modern rapid world. If you have questions about how we work, contact our representative through the contact form or via email.

There are some points you need to fill out to be eligible for a small term business loan. You may need to have a minimum monthly turnover, and you will need to provide information about your bank accounts to the lender. Interest rates will depend on your business’s creditworthiness, specifics of activity, amount and term of the loan.