At various points, almost all businesses could find value in a short-term loan. Whether you’re facing seasonality in your business, presented with a unique growth opportunity, or suddenly require essential equipment updates or replacements, ClearSky’s short-term loans could be the ideal solution for your needs.
A short-term business loan, as the name suggests, is a loan provided for a limited duration. It is not meant for long-term financial needs like significant equipment acquisitions or real estate investments. Instead, its purpose is for short-term use.
Frequently, businesses approach us seeking short-term business loans to capitalize on opportunities. For instance, a construction company might require additional working capital for a larger-than-usual renovation project, prompting them to seek a short-term loan.
In certain instances, our clients are preparing for their peak seasons, requiring additional inventory, equipment, or staff to manage the anticipated surge in demand. While these scenarios present significant opportunities for our clients, many would be unable to seize them without the assistance of a short-term business loan.
Short-term loans typically span from three months to 18 months in duration, with flexibility based on the client’s specific requirements. The majority of these loans are repaid within 3 to 6 months with early payoff discounts.
Unlike long-term obligations, short-term loans are crafted to offer flexibility and capitalize on opportunities. When your business encounters exceptional chances, you must be able to seize them.
Is there a distributor running a closeout sale on an item you can swiftly sell? Can you acquire a competitor and use the resulting business revenue to repay the loan? Do you need to procure equipment for growth, confident in your ability to repay it promptly? If the answer is yes, a short-term business loan might be the solution for you.
These loans are provided as a lump sum and are repaid over a short duration. The fundamental idea is to provide working capital precisely when you need it.
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Upon Approval we will go over the best options financially for your business, funding can be as fast as same day
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