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Lendtek provides you with easy online application services to access loans from third party lenders.

Lendtek is not a loan provider or other funding provider and does not provide actual loans or any kind of advice. Approval of an actual loan from a third-party lender is subject to a separate assessment process by the third-party lender and the loan is subject to the third-party lender's terms and conditions. Loan approval time may vary and is not guaranteed

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WHAT ARE SHORT TERM LOANS?

A short-term loan operates somewhat like a traditional term loan, but you pay back the money, plus interest, with daily or weekly payments within two years.
JUMP TO:
  • Set payment schedule 

  • Limited paperwork

  • Bad credit is accepted

  • Used for any purpose

  • Quick access to cash

  • Annual costs are higher than longer term loans

  • Weekly payments could be difficult for business with sporadic revenue 

  • Capped loan amount

  • Drivers License

  • Voided Business Check

  • Bank Statements 

  • Balance Sheet

  • Profit and Loss Statements

  • Business Tax Return

  • Personal Tax Return

  • Business Plan

  • Business Debt Schedule

Applying Does Not Affect Your Credit!

Disclaimer: The above information is provided as a guideline. Some loan conditions may fall outside of these parameters. We recommend that you speak with one of our advisors before taking any course of action based on this information.

 

Short term financing is an essential option for small businesses. Buying inventory, covering working capital expenses while awaiting payment of invoices, and expanding operations are just some of the uses small businesses have for short term loans. They 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.

Speed
As Little As 24 Hours
Interest Rates
Starting at 10%
Loan Terms
3 - 18 Months
Loan Amount
25,000 - 250,000
 
 

Pros & Cons

 

Who Qualifies?

 

Here’s the low-down on qualifying:

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.

But you should also know that 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

$100,000

CREDIT SCORE

500

TIME IN BUSINESS

6 Months Minimum

 

What Documents Will I Need To Apply?

Secure Your Short Term Loan Here