Best short-term business loans.

Small businesses in need of immediate financing can receive fast funding through short-term loans.

$
Applying is free and won't impact your credit*
Loan Amount
$10k–$5 million
Time to Fund
1–3 business days
Loan Terms
6 months–7 years

What is a short-term business loan?

A short-term business loan provides a lump sum of fast funding to small businesses in need of financing. These loans typically have a term length ranging from three to 12 months, although some lenders may offer terms up to 18 months.

How do short-term business loans work?

Short-term business loans typically involve a simple application process, quick approval times, and fast funding. Once approved for a loan, the borrower receives a lump sum of money and agrees to repay it within the specified term length. Repayments are typically made on a weekly or monthly basis, depending on the terms set by the lender.

Types of short-term business loans.

Short-term business loans come in various forms. Let’s define each type:

Term loans – These are loans with a fixed repayment term and interest rate. They are typically used for specific projects or investments.

Lines of credit – This type of loan provides businesses with a revolving credit limit that can be accessed as needed. Interest is only charged on the amount borrowed.

Invoice factoring – This financing option involves selling accounts receivable to a third party at a discount. It provides immediate cash flow by converting unpaid invoices into working capital.

Business cash advances – This type of loan allows businesses to receive a lump sum payment in exchange for a percentage of future sales.

It is important for businesses to research and compare these different options before deciding on the best fit for their needs.

Best short-term business loans of 2024.

Lendio carefully selects the lenders in its marketplace and then works with you to find the best revenue-based financing for your unique situation. Read on for stats on each lender and what each lender is best at.
Lender/Funder*
Loan Type
Loan/Financing Amount
Min. Credit Score
Time to Funds
Funding Circle
Term loan
$25,000–$750,000
660
As fast as 3 days
Kapitus
Revenue-based financing
$10,000–$750,000
640
1 business day
OnDeck
Revenue-based financing
$5,000–$250,000
625
Same day
BlueVine
Line of credit
$250,000
650
Same day
Funding Circle
Term loan
$25,000–$750,000
660
As soon as 3 days
Raistone Capital
Invoice Factoring
$50,000-$50 million
N/A
1 business day

Funding Circle – Term loan

Funding amount
$25,000-$500,000
Term
6 months-7 years
Min Credit Score
660
Time to funding
As fast as 3 days after approval

Kapitus – Revenue-based financing

Funding amount
$5,000-$250,000
Term
6-36 months
Min Credit Score
575
Time to funding
As little as 24 hours, onced approved

OnDeck – Revenue-based financing

Funding amount
$5,000-$250,000
Term
6-18 months
Min Credit Score
600
Time to funding
As fast as same day after approval

BlueVine – Line of credit

Funding amount
Up to $250,000
Term
6 or 12 months
Min Credit Score
650
Time to funding
As fast as 24 hours after approval

Raistone Capital – Invoice factoring

Funding amount
$50,000-$50 million
Term
30-180+ days
Min Credit Score
N/A
Time to funding
As little as one day

Minimum requirements for a short-term loan.

Credit score
600+
monthly revenue
$8K+
time in business
6+ months
Quickly estimate your funding options.
Time In Business
0 - 6 Months
6 - 12 Months
1 - 3 Years
3+ Years
Monthly revenue
Industry
Credit Score
Business type
Legal partnership
LLC
Corporation
Sole proprietor
Congrats--it looks like you qualify.*

Based on your business information you could qualify for up to $ 52,000 in funding

Funding amount *

$ 36,000 - $ 52,000

*Amount is an estimate only using the information provided Businesses like yours typically receive offers like these.
Compare your funding options today.
Apply now

Many businesses don't qualify for funding for all kinds of reasons. A few factors could include:

Not enough revenue
Not enough time in business
Credit score is too low

*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.

How much can I qualify for?

Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.

Four simple steps to funding.

Tell us about your business.

Answer a few simple questions and complete the application in minutes.

Submit your application.

We’ll present your application to our marketplace 75+ lenders. Applying is free and won’t impact your credit score.

Compare offers.

Find the funding option with the terms that best fit your small business goals.

Get funded.

Once you accept, funding can hit your bank account in as little as 24 hours.

12+ years of serving small businesses.

Get the answers and the funding you need with support all along the way.

$16+ billion

in small business funding facilitated in the last decade.

4.8 stars

21,000 Trustpilot® reviews.
50% repeat customers.

400,000+

total small business loans funded in the last decade.

FAQs

Find answers to some commonly asked questions about short-term business loans.

How long is a short-term business loan?

The term for these small business loans is right in the name: short-term. Short-term business loans typically have repayment terms of 18 months or less.

What kind of interest rates can I expect?

The interest rate for short-term business loans can vary depending on the lender, the borrower’s credit score, and the loan amount. Generally, interest rates for these loans tend to be higher than those of traditional long-term loans, due to their shorter term lengths.

Some short-term funding products will use a factor rate instead of an interest rate. Unlike interest rates which are expressed as a percentage of the principal loan amount, a factor rate is usually expressed as a decimal figure.

To calculate the total amount you will need to repay on a loan with a factor rate, you multiply the loan amount by the factor rate. For example, if you receive a $50,000 loan with a factor rate of 1.2, you would have to repay a total of $60,000 ($50,000 x 1.2).

How quickly can I get a loan for my business?

If you’re in a bind and need a quick cash flow boost, some loans can provide you with cash in hand in as little as 24 hours after your application is approved. Having all of your application materials ready to go when applying can help speed the process along.

Can a startup get a short-term business loan?

Yes, a startup business can potentially secure a short-term loan, although it can be more challenging than for established businesses due to the perceived risk. Lenders typically require a solid credit history, a detailed business plan, and sometimes personal collateral. Some lenders specialize in startup loans and may have more flexible criteria, but interest rates may be higher to offset the risk. It’s crucial for startups to carefully evaluate the terms of any loan and consider the impact on their business finances.

Ready for funding?

See what you can qualify for on the Lendio Marketplace.