Title: Guide to Short-Term Business Loans | Fast Capital 360®
Headings: Short-Term Loans: A Guide
Short-Term Loans: A Guide
How much do you need?
What Is a Short-Term Business Loan?
What Are the Types of Short-Term Financing?
What Are the Short-Term Business Loan Benefits?
Easy to Qualify For
Fast to Fund
Faster Payoff Structure
What Are the Cons of Short-Term Financing?
Higher Rates
Frequent Payments
Smaller Loan Amounts
Is a Short-Term Loan Right for My Business?
What Will a Short-Term Business Loan Cost?
How Can I Qualify for a Short-Term Business Loan?
How to Apply for a Short-Term Business Loan
Fast Capital 360 brings together some of the best short-term business loan lenders through one straightforward application.
Applying is fast, easy — and most importantly — won’t impact your credit.
One application. Multiple loan offers.
Get industry-leading advice to help you make confident decisions.

Content: A cash advance on outstanding invoices. What Are the Short-Term Business Loan Benefits? Easy to Qualify For
Unsecured short-term loans are easier for small business owners to qualify for. Banks typically require businesses to operate for 2 years or more, annual revenue of at least $500,000 and a personal credit score above 675. With more accessible qualifications, your business could obtain the funds you need to grow. Annual revenue of $75,000, a credit score of 540 and a business history of at least 1 year is generally enough to qualify you. Fast to Fund
With a short-term business loan, you can be approved within hours and see the funds in your account as soon as the same day. Conversely, acquiring a business loan from a conventional lender can take weeks to several months. Faster Payoff Structure
Loan amounts are generally smaller, and the repayment terms are drastically shorter. It’s not uncommon for a short-term loan to feature a payoff period as abbreviated as 3 months, freeing your business from debt.