Is a Short-Term Loan the Right Choice for Your Business?

 Short-term loans are usually disbursed quickly and can be applied to various business needs. The rates and terms can vary significantly depending on the loan type, the lender's criteria, the borrower’s creditworthiness, and the business’s cash flow.

If your business requires a short-term loan to purchase new equipment, fuel expansion, or simply cover daily operational costs, there are financing solutions available to support you. Explore these seven popular short-term business loan options to help you identify a lender that aligns with your company's specific needs. 

Lender requirements vary, but generally, you’ll need to meet the following criteria to qualify for term funding:

• Been in business for more than two years

• A credit score of 640 or higher

Established businesses often have an easier time securing short-term loans due to their proven track record and financial stability. However, at Multifund Inc., we understand that every business is unique, and we are committed to helping businesses with varying credit profiles secure the funding they need. Our team of experts works closely with you to explore all available options, ensuring you get the best possible terms based on your specific situation.

The amount of capital secured can range from $50,000 to over $2.5 million, depending on your credit profile, giving you the flexibility to meet your business’s needs.

 Whether you're an established business or just starting out, we are here to help you access the capital you need to grow and succeed. 

Repayment terms for term funding vary based on the loan size and duration. Short-term funding generally ranges from 1-2 years.

Lenders typically require monthly payments, but some may offer different options such as bi-weekly or even weekly payments. Certain lenders may also allow you to skip a payment annually or defer one payment every six months.