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Funding Options
1
Short Term Loan
A loan that is set to be paid back in a short period of time—typically within a year or two, sometimes longer. Most common uses include working capital, inventory or equipment purchases, and marketing. Short term loans also typically allow for quicker and easier access to funds with more flexible underwriting standards.
2
Long Term Loan
A long-term loan is smart to consider when making a large investment or looking to expand, typically 5 to 10-year terms with potential up to 20+. These loans can have a fixed or floating interest rate. Longer term loans may also require collateral, such as real estate to be pledged when securing the loan.
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