Advances or Short-term financing can help you take care of immediate needs in your business quickly. Whether that is a cash flow shortfall or a new business opportunity. No collateral is required for short-term financing.
The required documentation is limited and a perfect credit not needed. Nearly every industry can get short-term financing (see our restricted industries list). Short-term financing is an alternative to a traditional bank term loan that is extended based on the monthly sales volume at your business, and not your personal or business credit history.
Short-term financing is available with terms from three to 24 months and it is generally repaid through automatic deductions from your business bank account to make an easier, effortless business financing process.
The application and approval process is faster, most of the time taking only 2 to 3 days to complete, and no collateral is required.
Funding time
24-72 Hours
Amount
$1 Million
Payments
Daily
Terms
3-24 Months
How Can i Use My Advance?
You can use short-term financing for working capital to inventory, almost any application of short term financing can be used.
How Do i Get An Advance?
Businesses that have been open for as few as three months can apply. You can request from $5,000 to $500,000; most lenders will base their decision on your monthly sales volume. You’ll need to provide some documentation, but far less than for longer term loans.
Expect to be asked for limited documents:
- Bank statements
- Landlord reference
- Some lenders will require that your business is majority owned by a U.S. citizen or legal permanent resident.
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