Short-Term Business Loans

  • Get up to $750,000 within 24 to 48 hours
  • 6-month to 2-year loan term
  • No collateral requirement
  • APRs as low as 7%
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Short Term Loans

Short-term loans made easy.

What Are Short-Term Business Loans?

A short-term business loan is a fixed amount of working capital borrowed from a lender with a predetermined interest rate. You pay it back with regular monthly payments based on the repayment period. No collateral is needed for a term loan.

Short-term loans are the most popular way to fund a business. This type of loan is a flexible small business financing option. They help you handle growth opportunities, manage fluctuating cash flow, or pay for unexpected business needs without the higher interest rates of business credit cards. We structure term loans with early payoff incentives and no prepayment penalties to reduce your cost.

Running a small business can be challenging and time-consuming. When time is money, a short-term loan from Clarify can provide the working capital in as little as 24 to 48 hours. We help you through the application process to secure the business financing you need with favorable repayment terms.

Benefits of Short-Term Loans

Every enterprise needs working capital and cash flow to grow and succeed. You can borrow it from family and friends, get a shareholder, or apply for a small business loan to meet your financing needs. Each funding option has advantages and disadvantages. Here are the key benefits of getting a quick infusion of financing with a term loan.

Fast Funding

Compared to bank loans from traditional banks or SBA loans from the U.S. Small Business Administration (SBA), from applying for a short-term loan to getting the lump sum in your business bank account takes just one to two business days. This speed lets you focus on running your company and making your business plan a reality.

Keep Total Control

With a term loan, you maintain full ownership of your business. There are no collateral requirements, meaning short-term loans are a safe financing option.

High Approval Rate

You can qualify for short-term financing whether you have good or bad credit. Check your options with our quick business loan application. We’ll compare 75+ online lenders to show you the best short-term loan for your needs.


When you pay interest on a term loan, it’s tax-deductible at the end of the year. This further lowers the cost of securing capital to grow your business.

Transparent Process

Term loans from Clarify are simple, convenient, and transparent. Your dedicated adviser walks you through the terms and payment schedule. We’ve got your back.

How To Qualify for a Short-Term Business Loan

Being one of the fastest ways to get working capital, there are only three key things to keep in mind when applying.

1. Time in Business

New businesses can qualify, but your business should have been operational for at least three to six months. This is a common eligibility requirement, as time in business is a risk assessment signal for lenders. The longer the duration, the lower the risk for lenders to provide you with financing.

2. Average Monthly Revenue

Most lending companies require your business to generate at least $10K a month to qualify for short-term loans. Your current monthly and annual revenue numbers help lenders calculate the maximum loan amount your business qualifies for.

3. Credit Rating

You can secure a term loan with both good and bad credit. Your personal credit history is one of the factors that determines your interest rate. The higher your credit score, the better the annual percentage rate (APR) you’ll receive. As far as credit score requirements, we recommend borrowers have a minimum credit score of 550.

Popular Short-Term Business Loan Uses

Choose how you allocate business funds, whatever your needs. Compared to long-term loans from traditional lenders, which may be used for real estate, this type of financing is a better fit for immediate business needs.

Below are common ways various types of businesses use traditional loans to achieve their goals.


Unplanned costs come up all the time. With the budget set and capital tied up elsewhere, you might not have the cash to pay for an unanticipated business expense. Financing can cover emergency expenses when you’re in a bind.

Fixed Costs

Some small business owners choose to allocate funds toward everyday costs. Working capital can help you cover essential expenses, like rent and payroll.

Cyclic Dips

Cash flow can turn negative during a seasonal slump, straining the business. A short-term loan can provide the capital you need to make it through your slowest months comfortably.

COVID-19 Assistance

During the pandemic, businesses nationwide faced financial hardships related to the novel coronavirus. If revenue has declined or expenses have risen due to COVID-19, we’re here to help.

Equipment Financing

Machinery and equipment allow you to get the job done and take on new business opportunities. Term loans can be used to purchase the resources you need when you need them.

Gaps in Cash Flow

An infusion of working capital can bridge short-term cash flow gaps, ensuring your bills get paid on time and in full. Whether you’re waiting on invoices to be paid or have a pressing need, we have you covered.

Apply for a Short-Term Loan

Short-Term Financing FAQ

Startup businesses are a great fit. Funds can provide working capital to businesses in the early stages and during periods of growth.
You can choose from several loan products, depending on your specific needs. Common financing options include merchant cash advances (MCAs), business lines of credit, invoice factoring, and installment loans.
A lender provides you with working capital for business purposes. With Clarify, origination fees and pricing are discussed upfront. The funds are paid back over a preset length of time. The repayment window is shorter in duration than alternative, long-term business loan options.
TThe duration depends on the loan type. Typically, the length of time ranges from two to 36 months.

Short-term loans at a glance

  • check 6 to 24-month terms
  • check Funding in 1 to 2 days
  • check No collateral needed
  • check Low documentation required
  • check Flexible payment schedule


  • keyboard_arrow_right 6+ months in business
  • keyboard_arrow_right 550+ credit score
  • keyboard_arrow_right $10K+ in monthly revenue

Note: These are general term loan qualifications. Other information might be considered during your application. Your dedicated Clarify adviser will walk you through it!
Professional services business loans

"Bryan provided me with a loan to get through my slower season. He took the time to really understand my business and worked with me on my projections for the next 12 months. Together, we figured out exactly how much funding I needed. I’m very thankful the time that Clarify dedicated to my company."

5-star Trustpilot reviews5-star Trustpilot ratingClarify Capital is rated 10/10 based on 252 reviews on Trustpilot
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