Whether you're growing your business or just starting out, Avanza's short-term financing programs can help with working capital management. We can help you get the money you need, complete with competitive rates and customizable terms.
Short Term Funding provides business owners a small loan payed back by fixed payments over a short period of time. They have low rates, and can be used for a multitude of business purposes, especially in a time pinch.
Amount: $5,000 - $250,000
Term: 4 to 8 months
Payments: Daily, Weekly, Monthly
Processing Time: 24 to 72 hours
Pros: -Perfect for small projects
-Helps your credit
-Easy and quick funding
Cons: -Takes Credit Score into account
Frequently Asked Questions
Who does short term funding fit best?
Any business that has been in operation for more than two years with good credit can take advantage of Avanza’s Short Term Funding program. Many business owners find that they qualify for short term funding when they can show that they have past experience in the related field. Rates and amounts will depend on your business revenues and history. Lower credit scores are welcome to apply since credit score is not the only determining factor for approval.
How much does Short Term Funding cost?
Short Term Funding ranges start as low as 6%, depending on your current business situation. Fixed rates and payments means you’ll have a concrete expectation of when the funding will be paid off.
What do I need to qualify?
Generally, we require that you have been in business for at least 2 years. It’s also in the business owner’s interest to have a good credit score, Profit/Loss statements, and 4 months of recent business bank statements.
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