A Business Term Loan is a fundamental type of business loan that offers attractive rates and terms for borrowers. With this loan, a borrower receives a lump sum of money from a business lender like MZ Advance Solution, which is repaid with regular payments over a set period. The principle amount can range from $5,000 to $5 million, and interest rates start at 5%. While Term Loans offer high borrowing amounts and excellent terms, eligibility requirements can be restrictive.

A Fast strike wipes out a majority of your business’ computers. Your food truck’s transmission is kaput. An unexpected business opportunity lands at your door but requires quick financing. Your inventory is depleted due to higher-than-expected demand. There are many reasons to secure short-term business loans, and even more reasons to choose MZ Advance Solutions when you need quick access to working Fast Solutions.

Since 2014, MZ Advance Solutions has helped nearly 4,000 small and medium-sized businesses acquire over $500,000,000 in financing. We love small businesses and are proud to maintain an A+ rating through the Better Business Bureau®.

Are you looking into how to secure the best terms and rates on a short-term business loan? Read on to get the facts from an insider’s perspective

No waiting. Zero brokerage fees. Instant pre-approvals.

5 minutes is all it takes to apply and get pre-approved for a short-term business loan up to $750,000. By working with a licensed direct lender, you won’t have to wait weeks to learn about the status of your application (or pay brokerage fees). Apply for a short-term small business loan through MZ Advance Solutions.

A business loan consolidation can bring much-needed relief to small businesses bogged down by multiple loans or debts. Many businesses love the convenience of making a single monthly payment instead of multiple payments staggered throughout the month.

While the terms of a business loan consolidation are often more flexible, you might end up repaying your debts at a higher interest rate if your credit score has taken a hit due to late payments or maxing out numerous lines of credit.

Here are the latest rates and terms for small businesses looking to secure rapidly funded working Fast Solutions:

Loan Amounts

$2,000 – $750,000

Term Duration

90 days to 18 months

Interest Rates

10% APR and up

Fast Approvals

Usually within 48 hours

If you have “good” to “excellent” credit, you may also qualify for a long-term or SBA loan through MZ Advance Solutions.

That’s it. That’s all you need to start the process and get pre-qualified for a short-term business loan through MZ Advance Solutions. Compared to traditional financial institutions, MZ Advance Solutions gives more weight to current and projected revenues than credit scores alone.

Even if your credit score has kept you from obtaining a business loan in the past, we may still be able to help you obtain rates and terms that perfectly align with your business goals.

Life happens. At MZ Advance Solutions, we know there are two sides to credit; it can either help you secure great rates and terms — or squash your financing ambitions. You may have missed credit payments in the past, or a past bankruptcy continues to haunt your credit years after the fact. We’re here to help. Business owners with credit scores in the area of 450 may still qualify for quick business funding so long as the business has documentation showing $15,000 in monthly revenue, and solid revenue growth.

Seeking a loan when you have bad credit may delay the process a few days, and you may not qualify for the same rates and terms enjoyed by those with good credit. But, taking out a business loan and keeping up with the payments can be a great way to restore your credit and finance your business.

If you have a problematic credit history and would like to learn more about which loan product is best for you, call MZ Advance Solutions at (855) 952 -2383. We have lending specialists on hand to answer your questions and make recommendations.

Many small business owners love the fact that they can apply and be approved for a loan the very same day. And, by financing your business through a direct lender, businesses have access to loans with more reasonable terms and rates than they would typically receive from a traditional lender.

The benefits of going through a direct lender for this type of loan include:

• Fast access to working Fast Solutions
• Minimal paperwork
• Flexible repayment terms
• Generous loan amounts
• Low rates compared to other quick loans

Are there any detractors?

Of course. All loans come with their own set of positive and negative qualities. So, no matter which loan you ultimately choose there are bound to be some drawbacks, and this still holds true with short-term loans. Short-term loans usually come with higher interest rates compared to loans with longer terms.

And, if you operate a business with seasonal revenue highs and lows, you may find it difficult to keep up with the fixed repayment structure during off-peak seasons. Not sure if a short-term business loan is in the longer-term interest of your business? Call MZ Advance Solutions and speak with a lending specialist to discuss other options that may be open to you.

1. Replenishing inventory

Let’s say a customer requests a bulk order of a certain product. They can pay for the items once they arrive in four weeks. But, the supplier doesn’t offer net 30 payments or credit of any kind — only payments in full. As it is, this product has a 200% markup and you extend a 10% discount to the customer since they are buying in bulk. Without taking a loan, it would be nearly impossible to fund this inventory purchase out-of-pocket. By securing a short-term business loan, you can pay your supplier upfront, the customer receives the products they ordered, and you have the money to pay off the loan and keep a decent amount of money as pure profit.

2. Upgrade or repair equipment

A business plan is only as strong as its weakest link in the chain. If you find that a certain piece of machinery, equipment, or infrastructure is causing money-losing inefficiencies in your business, securing a loan with a shorter term may be a great option. This loan type allows you to receive funds quickly so you can being seeing returns on your investment as soon as possible.

3. Promote your business

Short-term loans are not designed for those taking their first leap into the business world. But, if customers are raving about your products or services and one of the few things holding your company back is a lack of exposure, you may want to consider a loan to finance promotional opportunities. Plus, many advertising and marketing expenses are tax-deductible.

4. Covering seasonal peaks and slumps

Many businesses face seasonal ups and downs. A retailer may suddenly remembers selling out a certain good the year prior, and wants to make an additional inventory purchase. Or, due to an unexpectedly rainy spring, the grass is growing faster and a lawncare provider needs to hire additional staff. These are a few instances where a short-term loan can cover a short-term need, without causing undue financial hardship on the business owner.

5. Expand operations

Depending on the nature of the business, a short-term loan can also be used to finance a business expansion. Just be sure that your expansion plans can begin generating profits before the term of the loan is finalized, otherwise, you may find yourself upside-down on the loan and have difficulty making payments.

Those considering expansions into multiple markets over the course of several years are generally better off going with a long-term loan.