Short-term loans are repaid in months with larger payments and suit a cash need that pays for itself quickly. Long-term loans are repaid over years with smaller payments and suit a purchase or project that lasts. Choose by what the money buys: if it pays back within a year, think short-term; if it keeps earning for years, think long-term.
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
Typical ranges on the lendfloCapital network; the term you are offered depends on the lender and your file.
In detail
Neither is always cheaper. A longer term lowers each payment but you pay for the money for longer. A short-term product may charge a fixed fee or factor rate that looks small but is high once annualized. Compare the total repayment, the amount you receive and how long repayment takes.
In detail
Start with the purpose and the timeline. A defined gap that closes within a year points to short-term financing. A purchase or project that earns for years points to a longer term. Then check that the payment fits comfortably inside your monthly cash flow.
Preparation checklist
Reading a guide is step one. Use this checklist to prepare before moving into a funding review.
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Product paths
A strong guide should move readers into the product or process page that fits their need.
Short-term business loans
Long-term business loans
Working capital vs. term loan
Business loan terms
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Owners should compare fit, cost, timing, payment burden, documentation, and how each option supports the business goal.
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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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The repayment period. Short-term loans are repaid in months with larger payments; long-term loans are repaid over years with smaller payments. On the lendfloCapital network, working capital runs about 3 to 18 months and term loans about 12 to 60 months.
Not necessarily. The rate depends on the lender, the structure and the risk. Shorter terms usually mean less total interest, but short-term products often use fixed fees that can be expensive when annualized.
Either. It depends on the product. A working capital loan is typically short-term, while a business term loan or equipment financing is typically longer.
It depends on what the money is for. Equipment financing, a long-term product secured by the equipment, is often the most accessible for newer businesses, while working capital typically opens after a few months of consistent revenue.
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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