Simple online application with minimal documentation.
No collateral is needed to get approved and funded.
Won’t impact your credit
Your dedicated Configure Capital advisor will do all the paperwork and get you funded the same day.
Short-term business loans offer a quick, flexible solution for small businesses seeking working capital. With fast approval processes, fixed interest rates, and manageable repayment terms, these loans provide the financial boost needed to address immediate business needs or capitalize on growth opportunities.
A short-term small business loan is a fixed amount of working capital borrowed from a lender with a predetermined interest rate. You pay it back with regular monthly payments based on the repayment period. No collateral is needed for this type of term loan.
Short-term loans are among the most popular financing solutions for businesses today. This flexible small business financing option helps you handle growth opportunities, manage fluctuating cash flow, or pay for unexpected business needs without the higher interest rates of business credit cards. We structure term loans with early payoff incentives and no prepayment penalties to reduce your costs.
Running a small business can be challenging and time-consuming. When time is money, a short-term loan from Configure Capital can provide the working capital in as little as 24 to 48 hours. We help you through the application process to secure the business financing you need with favorable repayment terms.
Every enterprise needs working capital and cash flow to grow and succeed. You can borrow it from family and friends, get a shareholder, or apply for a small business loan to meet your financing needs. Each funding option has advantages and disadvantages. Here are the key benefits of getting a quick infusion of financing with a term loan.
Compared to bank loans from traditional banks or SBA loans from the U.S. Small Business Administration (SBA), from applying for a short-term loan to getting the lump sum in your business bank account takes just one to two business days. This speed lets you focus on running your company and making your business plan a reality.
Quick access to funds can also be super helpful when dealing with unexpected expenses, allowing you to address unforeseen financial challenges without disrupting your business operations.
With a term loan, you maintain full ownership of your business. There are no collateral requirements, meaning short-term loans are a safe financing option.
You can qualify for short-term financing whether you have good or bad credit. Check your options with our quick business loan application. We’ll compare 75+ online lenders to show you the best short-term loan for your needs.
When you pay interest on a term loan, it’s tax-deductible at the end of the year. This further lowers the cost of securing capital to grow your business.
Term loans from Configure Capital are simple, convenient, and transparent. Your dedicated adviser walks you through the terms and payment schedule. We’ve got your back.
We make sure you’re getting the best fast business loan, and set your company up for success. See how it works →
Here are the minimum requirements to qualify for a short-term loan with Configured Capital:
Your company must be generating at least $10K per month in gross sales or revenue.
You can get approved with various levels of creditworthiness. But keep in mind that the higher your credit rating, the better deal we can secure for you.
Your company should be operational for at least six months. This shows us that your business is sustainable and can make regular payments on your loan.
Your Configured Capital advisor will need three to four months of your most recent bank statements to verify incoming revenue.
Even if your business credit score is less-than-stellar, our Configured Capital advisors will guide you through to approval. To get started, simply complete our quick and easy online application. Our streamlined process ensures you can apply for funding with minimal hassle.
Bryan provided a short-term loan to help me during my slow season. He understood my business and worked with me on my 12-month projections to determine the necessary funding. I’m very grateful to Configured Capital for their support and the low interest rate on the loan.
Helped me with unexpected expenses
I was stressed about covering some unexpected expenses. Configured Capital came to the rescue with a short term loan that was easy to secure. The process was simple, and the team was super friendly. Got the funds quickly, and now I’m back on track!
Configured Capital is a gem
Had a major equipment breakdown and needed funds pronto. Their short term loan came through, and I was able to get rolling again. My advisor was Joseph, he’s the best.
Jenny F.
Being one of the fastest ways to get working capital, there are only three key things to keep in mind when applying for loan offers:
New businesses can qualify, but your business should have been operational for at least three to six months. This is a common eligibility requirement, as time in business is a risk assessment signal for lenders. The longer the duration, the lower the risk for lenders to provide you with financing.
Most lending companies require your business to generate at least $10K a month to qualify for short-term loans. Your current monthly and annual revenue numbers help lenders calculate the maximum loan amount your business qualifies for.
You can secure a term loan with both good and bad credit. Your personal credit history is one of the factors that determines your interest rate. The higher your credit score, the better the annual percentage rate (APR) you’ll receive. As far as credit score requirements, we recommend borrowers have a minimum credit score of 550.
Choose how you allocate business funds, whatever your needs. Compared to longer-term loans from traditional lenders, which may be used for real estate, this type of financing is a better fit for immediate business needs.
Below are common ways various types of businesses use traditional loans to achieve their goals.
Unplanned costs come up all the time. With the budget set and capital tied up elsewhere, you might not have the cash to pay for an unanticipated business expense. Financing can cover emergency expenses when you’re in a bind.
Some small business owners choose to allocate funds toward everyday costs. Working capital can help you cover essential expenses, like rent and payroll.
Cash flow can turn negative during a seasonal slump, straining the business. A short-term loan can provide the capital you need to make it through your slowest months comfortably.
During the pandemic, businesses nationwide faced financial hardships related to the novel coronavirus. If revenue has declined or expenses have risen due to COVID-19, we’re here to help.
Machinery and equipment allow you to get the job done and take on new business opportunities. Term loans can be used to purchase the resources you need when you need them.
An infusion of working capital can bridge short-term cash flow gaps, ensuring your bills get paid on time and in full. Whether you’re waiting on invoices to be paid or have a pressing need, we have you covered.
Here are other funding options that we provide small business owners. Your funding advisor at Configured Capital will guide you through your best options:
Getting a term loan is the most popular way to sustain and grow your business. Here are answers to common questions about short-term business loans from founders like yourself.
Startup businesses are a great fit. Funds can provide working capital to businesses in the early stages and during periods of growth.
You can choose from several loan products, depending on your specific needs. Common financing options include merchant cash advances (MCAs), business lines of credit, invoice factoring, and installment loans.
A lender provides you with working capital for business purposes. With Configure Capital, origination fees and pricing are discussed upfront. The funds are paid back over a preset length of time. The repayment window is shorter in duration than alternative, long-term business loan options.
The duration depends on the loan type. Typically, the length of time ranges from two to 36 months.
Configure Capital provides instant short-term loans to all American small businesses. Here’s just a few of the industries we finance:
Instant approval when you apply online. Funded within 1-2 days with interest rates as low as 6%. Flexible repayment options are available.
Configure Capital provides businesses with access to capital through business loans and lines of credit issued by First Electronic Bank or Lead Bank. For California businesses, loans and lines of credit are offered in compliance with the California Financing Law. All financing is subject to the credit approval of a completed application. Loan eligibility is determined by Configure Capital and its banking partners based on their credit and risk policies, applicable laws, and other business factors. Financing availability may vary by state and may be subject to local restrictions. © 2024 All rights reserved.
