A short-term business loan is a lump sum repaid over a short period, typically about 3 to 18 months on the lendfloCapital network, with fixed payments that may be weekly or monthly. It suits a defined cash need such as inventory, payroll timing or a project, and because it is repaid quickly it can cost more per year than a longer-term loan.
Key facts
| Financing type | Business Financing |
|---|---|
| Typical amounts | Term loans $25K–$2M; equipment financing $10K–$500K |
| Decision time | As fast as 24 hours |
| Credit | All credit profiles considered; soft credit pull to start |
| Cost to apply | Zero cost to apply |
| Who we are | A business financing broker. We compare offers from our lender network; we are not a direct lender. |
In detail
Lenders draw the line in different places, and the term of any single product varies by lender and by file. In this guide, short-term means repayment in roughly a few months to a year and a half. Working capital loans on the lendfloCapital network typically run 3 to 18 months. Repayment is usually in fixed installments, sometimes weekly rather than monthly.
In detail
Short-term financing fits a need that will pay for itself quickly. Weaker reasons include covering ongoing losses or paying off other debt without changing how the business operates.
In detail
Short-term products quote cost in different ways: an interest rate, a factor rate or a flat fee. To compare them fairly, add up the total repayment, subtract the amount you actually receive after fees, and divide the difference by the amount received. Then consider how long repayment takes: a 10 percent cost over three months is far more expensive per year than 10 percent over two years.
In detail
Short-term lenders concentrate on recent cash flow: average monthly deposits, the trend over the last several months, the average daily balance and the number of overdrafts. Time in business and credit still count, but a business with strong, consistent deposits can qualify when other factors are less than perfect. Have three months of bank statements and a clear note on what the funds are for.
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Product paths
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Working capital
Business loan terms
Short-term vs. long-term loans
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Do I qualify?
Most business owners who research this topic are eligible to begin a review. Here is what usually qualifies and what owners should not worry about.
Who qualifies
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A lump sum repaid over a short period, typically about 3 to 18 months on the lendfloCapital network, in fixed weekly or monthly installments. It is designed for a defined cash need, not for buying long-term assets.
Lenders define it differently, but repayment is usually a few months to about a year and a half. Working capital loans on the lendfloCapital network typically run 3 to 18 months.
Not always the stated rate, but they often cost more per year. Many short-term products use a fixed fee or factor rate, and a fee that looks small can be expensive when it is repaid over a few months. Compare total repayment against the amount you receive.
Not by themselves. On-time payments on new financing are typically reported and can help future applications, while late payments can hurt. Applying through lendfloCapital starts with a soft credit pull, which does not affect your score.
Often yes. Short-term working capital lenders lean on bank deposits and revenue more than on credit scores, so a business with consistent deposits may qualify when its credit is imperfect. Expect the cost to reflect the risk.
Written by lendfloCapital Editorial Team · Last updated
lendfloCapital is a business financing broker, not a lender. This page is general information, not financial, legal or tax advice. Rates, amounts and terms depend on the lender and your business.
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