Short term loan
Short-Term Business Loans: Immediate Relief, Sometimes the Same Day
A short-term loan bridges the gap when access to capital is the only thing standing between you and moving forward. Qualified clients can receive same-day funding.
See What Short-Term Funding You Qualify For
Takes about a minute. No obligation, and applying won’t affect your credit.
Short-Term Business Loans Up to $2 Million
RAN Funding arranges short-term business loans up to $2 million for established businesses with $20,000 or more in monthly revenue and a year or more in business (sometimes six months). Terms usually run from 3 to 18 months, approval can come the same day on complete files, and funding typically follows within 24 to 48 hours. Amounts above $500,000 depend on deposits and financials; for longer terms, compare a business term loan or an SBA loan up to $5 million.
What Is a Short Term Business Loan?
A short-term business loan provides funds repaid over a relatively short period, often months rather than several years. Businesses may use it for a defined operating need or cash-flow gap. RAN Funding acts as a broker; funding partners determine approval, amount, pricing and repayment terms. Same-day funding is possible only for qualifying completed files and is not guaranteed. Compare the payment burden with the business’s cash flow before accepting an offer.
Immediate Capital for Immediate Needs
Access to capital is essential for every small business. If your needs are not being met at the moment, a short-term loan gives you immediate relief — from bridging gaps in cash flow to getting your costs covered without worry.
How can you be sure a short-term loan is the right decision? Talk to one of our specialists. We guide clients to the funding that makes the most sense for their business’ health and future, not the product that happens to be easiest to place.
Who Qualifies for a Short-Term Business Loan
Short-term loans are approved mostly on bank deposits, which is why the minimums are lower than a bank’s.
- Time in business: six months or more (twelve for the best pricing).
- Monthly deposits: about $15,000 or more into a business bank account.
- Personal credit: 600 or higher; some funders go lower with stronger deposits.
- Documents: a one-page application and the last three months of business bank statements (four in NY, CA or VA).
- Returned payments: fewer than three in the last 90 days.
Check your fit in a minute with the qualification estimator.
What Happens After You Apply With RAN Funding
Your application is handled in house. One RAN Funding specialist reads your statements the same day, presents the file to the best-matched funders in our network for the best deal (not to a list of a hundred), brings the approvals back and compares total payback, payment and term with you. Your information is not resold as a lead, and you are not contacted by lenders you never chose; you hear from one person, in English or Spanish, from the first call through funding and renewal.
- One application, one soft pull, three months of bank statements.
- One specialist, not a call list.
- Offers side by side with total payback before you decide.
- Business financing only: working capital, lines of credit, term loans, equipment, receivables and SBA.
How this differs from a loan marketplace is laid out in RAN Funding vs. Lendio, Fundera and LendingTree.
What to Have Ready Before You Apply
Documents required
- Driver’s license
- Voided business check
- Recent bank statements Typically 3 months; some states require 4.
- Credit card processing statements (if applicable)
What happens next
- Apply online in about five minutes
- A specialist reviews your file, usually within hours
- You compare the offers you qualify for
- Funds land in your business bank account
Ready to See Your Options?
No obligation and no credit pull to apply. A funding specialist will come back to you with the offers you qualify for.
Short Term Loan: What Changed and What It Costs Now
Short Term Business Loan Rates in October 2026
The prime rate has been 7.00% since September 17, 2026, after the Federal Reserve’s first hike since 2023; the next decision is October 28. Variable products (bank lines, SBA 7(a), HELOCs) moved up a quarter point in September; fixed-rate and factor-rate products you already hold did not. Full scenarios in prime rate is 7%: what it means for business loan rates.
| Short term loan type | Typical cost | Term | Payment on $50,000 |
|---|---|---|---|
| Online short term loan, strong file | 10% – 20% APR | 12 – 24 months | $4,400 – $4,620 / month (12 mo) |
| Online short term loan, standard | 20% – 36% APR | 6 – 18 months | $4,630 – $5,000 / month (12 mo) |
| Short term loan, weaker file | 36% – 60% APR | 6 – 12 months | $5,000 – $5,600 / month (12 mo) |
| Revenue-based alternative | Factor 1.15 – 1.45 | 4 – 18 months | $57,500 – $72,500 total payback |
Run any amount, rate and term in the business loan payment calculator.
When a Short Term Loan Beats a Line of Credit or an Advance
| Need | Best fit | Why |
|---|---|---|
| One defined expense with a known end (tax bill, repair, order) | Short term loan | Fixed payment, fixed end date, cheaper than an advance |
| Recurring gaps every month or season | Line of credit | Pay only on what you draw; redraw as you repay |
| Money today, credit under 600 | Revenue-based financing or MCA | Underwritten on deposits, not score |
| Equipment or vehicles | Equipment financing | Lower rate, longer term; the asset is collateral |
| Permanent step-up in working capital | Term loan or SBA | 2 – 10 year terms at the lowest rates |
Term loans were fully approved for 35% of applicants in the Fed’s 2026 survey and denied for 30%, so the file matters: one year in business, 600+ credit and $20,000 in monthly deposits is the usual floor online. Compare in term loan vs line of credit, types of fast business loans and easiest business loans to get.
Share of applicants fully approved, by product (Federal Reserve, 2026)
81% of applicants were approved for at least part of the request. Source: Federal Reserve Banks, 2026 Report on Employer Firms.
Questions We Get About This Product
What are the benefits of a short-term business loan?
Short-term business loans offer quick access to capital for immediate needs — covering inventory costs, bridging cash flow gaps or seizing a time-sensitive opportunity. We specialise in loans designed around your specific needs, with flexible repayment terms and competitive rates, and we find the right lender to provide the boost.
How much can I borrow?
Businesses have diverse needs, so we offer a range of loan amounts. Our loans can go as high as $2 million for short-term loans and up to $5 million for SBA loans. The exact amount available for a short-term loan depends on factors such as the business’ financial health, repayment capability and creditworthiness.
Fast, Fixed and Finished in Months
A short-term loan funds quickly and is repaid on a fixed schedule over months rather than years. It fits a clear, near-term purpose with a clear payback — not an open-ended need.
- From $10,000. Every product we place starts at ten thousand dollars.
- Three months of statements. Your last three business bank statements to start; some states require four.
- One specialist. The same person from application to funding — paid by the funder, not by you.
Not Quite Right? Compare the Alternatives
One application puts you in front of all of these. A specialist will point you to the ones that fit.
Short-Term Loan Costs, Timing and Preparation
How often will I make payments?
The schedule may be daily, weekly or monthly depending on the lender and product. Confirm the amount, number of payments, first payment date and debit authorization in writing.
What is the full borrowing cost?
Ask for net funds received, all fees, total repayment, applicable APR or annualized cost, late-payment charges and early-payoff terms. A short term can create a substantial payment burden even when the dollar fee appears small.
What can delay funding?
Missing statements, ownership verification, additional underwriting, signing conditions and bank cutoffs can affect timing. Use the lender’s final document checklist and do not rely on an advertised timeline as a commitment.
See our application preparation guide and broker and compensation disclosure. Approval and terms depend on the funding partner. Reviewed 10 October 2026.
Need $500,000 to $2 Million?
Larger requests are reviewed differently: more documents, a closer look at cash flow and a smaller group of lenders. Through RAN Funding, established businesses can access up to $2 million funded in as little as 72 hours once approved, and up to $5 million through SBA loans. Start with the guide for your amount.