Reported 1 day ago
Short-term business loans are ideal for companies needing quick cash, typically with repayment periods from three to 24 months. Banks and credit unions usually offer the lowest rates and flexible terms, but may take longer to fund. Online lenders provide rapid funding within 24 to 48 hours, but often at higher interest rates and fees. Businesses should weigh the pros and cons, considering alternatives like long-term loans and crowdfunding if short-term loans aren't suitable.
Source: YAHOO