Term Loans can be used in a variety of ways, from adding new inventory to expanding your business. One of the advantages of term loans is that they can be either unsecured or secured and typically close quickly, sometimes within just a few days. While these can range from $25,000 to $5,000,000, loans less than $100,000 usually only require a credit check, bank statements and a short application. Locating the right term loan provider is essential to ensuring good cash flow and loan terms. Those terms can range from 6 months to 6 years and vary widely when it comes to interest rate, so you need to work with someone who can guide you to a lender with a reasonable structure, rate and term. Future Point Capital can introduce you to the best fit term loan provider from our extensive lender network and get you funded in as fast as 5 days. We have solid experience working with professionals, manufacturing, retailers and service businesses and we can help you too. Make sure you are working with the best financing source for your need.
Many borrowers might qualify for an SBA loan, but those can take between 30 and 90 days. If you need funding now, a quick term loan is a great option while you wait for an SBA loan to close. We can help you navigate that process in a way that keeps you qualified for the SBA loan and gets you the money you need fast.
If you do not feel you qualify for an SBA loan, or simply do not need the long terms that an SBA loan provides, then a short term business loan is a perfect choice for you.
Most businesses are eligible, such as:
- Machine Shops
- Funeral Homes
- Auto Repair Services
- Technology-Related (hardware and services)
- Child Care
- Liquor Stores
- Pet Care
- Hotels & Motels
- Gas Stations
- Convenience Stores
- Dry Cleaners
- And Many Other Business Types
Call Future Point Capital for a free consultation and learn how you can take advantage of term loans offered by our partners.