SHORT TERM LOAN
What is a Short Term Loan?
As the name of the loans itself suggests, short term business loans are the best fit for businesses who instantly need cash, assisting them with their immediate problems. On top of that, they cut through the lengthy procedures and eliminate the hassle of traditional bank loans.
Short term loans and Merchant Cash Advances are usually the fastest loan options available. But due to the speed of funding they have higher rates than other forms of commercial financing. They are not your typical business loan but instead are the sale of either future credit card deposits and/or bank deposits. Once approved, we will provide a loan amount along with a set repayment amount, and then deduct daily or weekly payments from your business bank account on each business day until the loan is paid off.
There are so many costs involved in the daily operation of small businesses nowadays. From payroll to marketing costs, it is only a matter of time until a business considers the short term small business loans as the ideal option. In fact, this is why more and more small businesses contact Colopy Corp and are interested in short-term small business loans.
The Benefits of Short Term Loans
- Emergency purposes – Reduces the pressure on your company and lets you avoid making late payments to vendors and creditors
- Maintain ownership – Instead of borrowing in exchange for a large portion of your company’s ownership, a short term loan will allow you to gain the capital you need without sacrificing your power
- Quick approval – Fit for businesses who instantly need cash, assisting you with your immediate problems
In today’s hyper competitive environment, short-term business loans and cash advances can be particularly advantageous for small and medium sized businesses. Colopy Corp can provide the working capital that you need, whether it is for inventory, payroll, a technology upgrade, unexpected last-minute costs, or other impending expenses you may have. The extra support enables you to continue to operate without missing a beat.
Our financial products are designed with flexible payback options so that you can focus on your business, not your next payment. Short-term loans have terms lengths from 3-24 months. Loan amounts range from $20,000 up to $2,000,000, with factor rates starting as low as 1.09%.
If your business has been in operation for at least six months and you have a credit score upwards of 500, you may qualify for a short-term loan. Keep in mind that these are not rigid qualifications. Colopy Corp is committed to serving businesses of all sizes and financial situations. We base our approvals on a number of factors, including but not limited to average monthly gross revenue deposits, personal and business credit history.
We understand that when business owners need financing, they need it now, not weeks or months from now, so we’ ve made our application process as simple as possible, with a minimum amount of paperwork and documentation required. You won’t need to spend weeks gathering tax forms and statements. Instead, we speak with business owners to learn about their unique companies and visions for the future. Once approved, you’ll have the funds in your account in as little as two business days. This fast turnaround sets us apart in the world of working capital financing. And we don’t use the term “working capital” lightly. Business owners are free to use the funds in the best way possible for their businesses and putting the money to work for any business expenses.
And the best part?
With fixed daily or weekly repayment plans and no prepayment penalties (ever!), all you need to do is decide the amount of your short-term business loan and fill out the application form on our website.
Contact us today and let’s communicate and show you their true benefits in practice!