Short Term Loans for Small Businesses

Short-Term Business Loans

In today's economy, it is smart to be cautious about borrowing money. You never know what the next 6 months will bring, or what challenges you may face. Yet, you may have an opportunity you just can't refuse, or want to get ahead of the competition by building your business now. Short term small business loans are a smart option, especially if you wish to grow.

Short Term Small Business Loans

OnDeck offers short term small business loans of 6-month and 12-month terms. We also offer Daily Direct Debit(SM) payments to pay down your short term small business loans principal faster in smaller daily payments, rather than one large amount at the end of the month when other bills come due.

Short term small business loans also allow you to qualify for larger loans and longer terms at a later date. If you can successfully pay off a 6-month loan, this helps you to qualify for a larger loan and a longer 12-month term should you ever need to borrow again.

Complete our basic criteria below and apply for one of our short term small business loans today. A Loan Specialist will call you in 1 business day.

2009-08-18 06:36:44 by MR94

Need Short Term Small Biz Loan-Will Pay High %

I currently have my own accounting business that caters to mostly small businesses, but have lost several client as well as have had clients cut back their hours due to the downturn in the economy. I have a new client beginning with me on Sept 1st, and another tentatively starting in early October.
I have had my business for 3 years, but have been in the accounting field since graduating from LaSalle in the early 90's. I am a responsible businesswoman and like to consider myself sucessful, but do have a blemished personal credit report due to my complicated divorce. Therefore, I am willing to pay a higher interest rate in order to secure a short term loan to infuse my business with funds for working capital while things start to pick up

2006-12-14 13:11:40 by -

Business start up loans

> #1 - If you're getting a small business loan, and your company start-up costs $100k, how much should you have up front? 10%? 20% (in order for the bank or loan company to take you seriously and keep your interest rates affordable?
Most new businesses fail within three years. For that reason it is important not to borrow more money than you can repay through short-term liquidation.
As a simple example, suppose you bought a new delivery vehicle worth $20,000, and you borrowed the full $20,000. Three years later you would not have paid off much of that loan but the value of the vehicle would have gone down quite a bit after three years of business use

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