Who Qualifies for a Short-Term Loan?

Short-term financing is a financial lifeline for small businesses. Whether the business owner is looking to buy inventory, cover working capital expenses while awaiting payment of invoices, or expanding operations, a short-term loan is a viable option. Short-term loans can be a flexible financial tool to better manage cash flow, deal with unexpected needs for extra cash, or take advantage of an unforeseen business opportunity.

Short-term lenders emphasize cash-flow more than lenders of traditional term loans. Strong cash-flow can sometimes overcome other financial information that would disqualify a business for a traditional term loan. ​The interest rate you’ll pay and the amount you can borrow will depend on your annual revenue, business history, and personal credit rating.

Most Businesses Who Qualified Had:

Annual Revenue: $100K

Credit Score: 500

Time in Business: 6 Months

What Documents Will I Need To Apply?

• Drivers License

• Voided Business Check

• Bank Statements 

• Balance Sheet

• Profit and Loss Statements

• Business Tax Return

• Personal Tax Return

• Business Plan

• Business Debt Schedule

Interested in applying for a short-term loan? Download the Lendtek mobile app in the Apple App store or the Google Play store to get started.