There’s never been a better time for small and medium-sized businesses that need short-term business loans. Expanding, purchasing equipment, and evening out cash flow can all be managed with business financing. But short-term small business loans from traditional financial institutions are not the way to go for many of today’s businesses looking to grow.
Funding your small business can be challenging. Today’s business owner is constantly on the lookout for growth opportunities and must move quickly to take advantage of them. An opportunity for an acquisition or expansion can arise suddenly and demands an immediate response and immediate cash. There’s also the need to purchase equipment or inventory. And of course, there will always be emergencies and cash flow gaps that need to be quickly managed with working capital.
That’s why short-term loans for small businesses are the fastest growing credit instrument among business owners. Short-term business financing is the contemporary solution for business owners needing capital to fuel or accelerate the growth of their business.
Traditional business loans are often made for as long as 10 years and require mountains of documentation and financial statements. Then there is the long waiting period for approval and funding, which can take weeks or months. Unfortunately, the credit turn-down rate among financial institutions for small businesses is rather high and doesn’t show signs of improving significantly.
Short-term business loans and merchant cash advances from BFS Capital, on the other hand, are tailored to the needs of small and medium-sized businesses. As a result, small business owners will benefit from these aspects of our short-term business loans:
- The loan period is a shorter term, usually 12 or 18 months.
- They require relatively little paperwork and a simple application to start.
- The underwriting and approval process are designed to provide business owners fast answers.
- Once approved, business owners have their funding in as little as two business days.
- Repayment terms are flexible, and rates are competitive.
- Bad credit does not automatically mean you won’t qualify.
Reasons to Use Small Business Short-Term Loans
Short-term business loans can be used for any legitimate business expense, from remodeling or business expansion to buying equipment to launching a new marketing effort. The key here is growth, and our business funding solutions are the perfect choice for business owners looking to take advantage of growth opportunities. These short-term loans for business are popular across every industry and in every state in the U.S. From manufacturing and transportation companies to restaurants and retail stores, short-term business loans are an efficient and cost-effective source of capital.
Short-term financing can help businesses build or accelerate revenue growth in ways they couldn’t otherwise. And at the same time, short-term loans can help business owners negotiate better discounts or terms with vendors and avoid longer-term charges and fees, which will save money in the long run. There’s no question why short-term business loans are catching fire: They’re the ultimate financial win-win for small and medium-sized businesses.
If you have any questions about our short-term small business loans, contact us online or give us a call today. We can help you apply and receive an answer very quickly. At BFS Capital, we want you to succeed. Taking advantage of our short-term loans for business owners is a great way to make sure your business stays ahead of the game.