At Cheddarr, we’re committed to helping small businesses find the loans, funding, and financing options that they need to succeed. Learn more about our other services and loan options by browsing our service page or reaching out to us today. Get started with a quote from our team today!
Short Term Notice, Short Term Payments
What exactly are short-term loans? It’s all in the name: they’re loans that you can obtain on short notice and spend a shorter amount of time paying back than you would with other types of loans. Because these loans are designed specifically for small businesses like yours, they’re flexible and offer short-term options for disbursements and repayment terms. Short-term business loans have predictable repayment terms and no long-term obligations and so there are no surprises down the road. Irrespective of the industry, any small business needs temporary cash for a particular business purpose can benefit from a short-term business loan. Cheddar offers customized, short-term financing for businesses in a wide range of industry sectors.
Flexible Funding with Short Term Loans for Businesses
One of the most attractive aspects of short-term loans for small businesses is that they are flexible funds that can help fulfill all kinds of small business needs. A short-term loan for bad credit score is a convenient option for immediate money. We understand that financial emergencies do arise when you least expect it. From using these loans to cover unexpected costs, surviving a slump in revenue (like you might see during a lockdown or recession), or even to finance short term projects that will improve your business in the long run, you can use these flexible funds to help your business succeed and grow. Finding the best loan option for you is our specialty! Instant funding is available.
Short Term Business Loans with Low Interest Rates Saves More
If you’re trying to obtain a short-term loan, you might be stressing out about qualifying or requirements for getting awarded the amount you need. However, you don’t need to stress; these loans are easier to qualify for than you’d think. If you’ve been in business for two years or more, you have a good chance of qualifying, and with the help of your team at Cheddarr, we can find the right lender with terms and low-interest rates that will help you to spend less out of pocket on interest and more on your business for long-term success.
How Long Is A Business Term Loan And How Do I Know What My Payment Will Be?
Business term loans are available in a variety of durations, or loan “terms.” These loans range from short-term loans that require repayment in 12 months or less, to long-term loans with repayment periods of more than five years. There are also medium-term loans that offer repayment terms ranging from one to five years. The daily, weekly, or monthly payment will depend on the lender’s assessment of your P&L statements, business and personal tax returns, legal documents, and more. All business term loans come with either a fixed interest rate or a flat fee, which keeps payments the same throughout the course of the loan. Contact Cheddarr to learn more!
Cheddarr is dedicated to helping passionate startup owners secure the loans they need to grow and scale their businesses. Contact us today to find the best loan option for your business!
