There are plenty of things on a to-do list for small business owners. From drastic changes to everyday aspects like payroll and customer service. As it’s essential for you to keep up-to-date with every development in your field, it can be hard, as the to-do list seems to grow longer with something new to check off almost every day. However, at CorFunding, we can fix those financial issues quickly and efficiently, so you can focus on what matters most.
WHAT IS IT?
Short-term Funding quickly provides you with the money you need for marketing, equipment, or payroll needs. This is an easy fix to those financial issues that can be paid in a short amount of time. Before you know it, you’ll be crossing it off your list faster than it first got on there.
There are a couple types of short-term funding options that small business owners can choose from. This provides various routes to further that quick fix, while also giving owners a cushion when it comes to how they repay their loan.
Installment Loans have a broad time frame in regards to how long the borrower has to repay his/her loan. This can vary from several weeks up to months or years.
Merchant Cash Advance is not a loan, it’s based on future revenues and credit card receipts of your business. A small business owner can have these types of funds deposited quickly into their account. We evaluate your business risks and viability making sure the funds received is sensible for the growth of your business.
With CorFunding, we make the process easy, so you can receive your short-term loan and have the ability to pay it off as soon as possible. No collateral is necessary, and in some cases, we’ll be able to look past that not-so-perfect credit history. Term lengths range from 3 months to 2 years, and to get started, it only takes 1-3 business days.
Short-term funding options are able to cover costs that fall on the smaller end of the spectrum, this type of funding can cover various types of financial issues. This includes, but is not limited to, buying new equipment, paying for supplies or repairs, covering the costs of a project, or possibly a start-up company.