SHORT TERM
Short-term business loans provide quick access to funds for filling cash flow gaps, working capital or emergency expenses within a business. They typically have repayment periods of three to 18 months, with payments made automatically on a daily or weekly basis. Short term loans allow for very fast funding so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly or bi-weekly. The short term loan is best for business with high and consistent sales that are in need of quick unsecured cash to use however you need.
Pros:
- Fast Capital in as little as 24hrs
- Unsecured
- Easy approval process
- Little documentation needed
Cons:
- Cost of borrowing can be more
Best for:
- Businesses that have high and consistent sales and bank deposits
- Businesses that need financing right away
![short-term short-term](https://carlosriceinc.com/wp-content/uploads/elementor/thumbs/short-term-pxcdjycjzuq3x4sfctk4aluaphuib5vjz5mql5880w.png)
Our 3 Step Process:
![](https://carlosriceinc.com/wp-content/uploads/2022/11/step-1st.jpg)
1. Apply
Fill out our Quick Apply application.
![](https://carlosriceinc.com/wp-content/uploads/2022/11/step-2nd.jpg)
2. We review your application
We review your goals and present you with programs matching your needs, getting an offer in 24 hours.
![](https://carlosriceinc.com/wp-content/uploads/2022/11/step-3rd.jpg)
3. Receive funding
Choose the program that fits you best and receive funding within 48 hours.