Short Term
Business Loans
Fast and simple short-term funding designed for business owners
Get up to $1M funded the same day
Flexible terms from 6 months to 3 years
Competitive rates on all loan programs
Minimal documentation required
Compare Short Term Business Loan Options
Gova Funding has been providing short term business loans to small business owners for over twenty years. We offer competitive rates, a quick and simple application process, and same-day funding in many cases. With decades of experience, we've become a trusted lender focused on helping businesses stay on track, manage day-to-day operations, and reach their growth goals.
Whether you need fast capital to cover payroll, restock inventory, handle cash flow gaps, or cover emergency expenses, our flexible short term loan options are tailored to your unique business needs. We're a reliable solution for business owners who may not qualify for traditional bank loans or SBA financing, and for those who simply need fast, accessible funding to keep moving forward.
Our Loan Process
Apply For Your Business Loan Today!
How can I Apply?
Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at:
OR
Submit your online application by clicking apply below and entering a few basic details about your business.
What Do I Need to Qualify?
Below is a list of the general requirements to get approved for business funding with our basic program.
The Best Short Term Business Loans in 2024
Business Line of Credit
A Business Line of Credit gives you the flexibility to borrow what you need, when you need it. Use it to cover daily purchases, manage cash flow, or handle unexpected expenses without disrupting your business. Once approved, the funds are always available—helping you stay prepared for challenges and opportunities alike.
- Revolving access up to $250,000
- Competitive rates
- Simple qualification requirements
- Use funds as needed
Small Business Loans
Traditional term loans designed for specific business needs. Whether you're expanding operations, purchasing equipment, or managing seasonal fluctuations, our small business loans provide the capital you need with flexible repayment terms.
- Fixed monthly payments
- Terms from 6 months to 3 years
- Up to $1M funding
- Competitive interest rates
Merchant Cash Advance
Perfect for businesses with high credit card sales. Repayment is based on a percentage of your daily credit card sales, making it ideal for seasonal businesses or those with fluctuating revenue.
- Based on credit card sales
- Flexible daily payments
- No fixed monthly payments
- Quick approval process
Bad Credit Business Loans
Don't let a low credit score prevent you from accessing the funding your business needs. We focus on your business's performance and cash flow rather than just your credit history.
- Credit scores as low as 500
- Focus on business performance
- Flexible terms
- Quick approval
Apply for Reliable Short Term Business Loans
Get the funding you need to grow your business with our trusted lending solutions.
Additional Short Term Business Funding Programs Available
SBA Business Loans
Government-backed loans with competitive rates and longer terms.
- Working capital
- Inventory purchase
- Equipment and real estate
- Lower interest rates
Bank and Credit Union Business Loans
Traditional lending options with established financial institutions.
- Lower rates for qualified businesses
- Longer repayment terms
- Established relationships
- Comprehensive support
Business Line of Credit
Revolving credit facility for ongoing business needs.
- Draw funds as needed
- Pay interest only on used amount
- Revolving credit
- Flexible usage
Learn More About Short Term Business Loans
What Are Short Term Business Loans?
Short-term business loans are financing solutions designed to provide quick access to capital for immediate business needs. These loans typically have repayment terms ranging from 3 months to 3 years and are ideal for businesses that need fast funding.
Common Uses for Short Term Business Loans:
- Meeting payroll
- Paying off pending invoices
- Purchasing new equipment
- Emergency or unexpected expenses
- Inventory restocking
- Marketing and advertising
- Seasonal cash flow management
- Business expansion
What to Consider Before Getting a Same Day Business Loan
What Can You Afford?
Calculate your monthly cash flow to determine how much you can comfortably repay each month.
Why Do You Need The Funds?
Have a clear purpose for the loan to ensure it will help your business grow or solve a specific problem.
Are Short Term Business Loans Right For You?
Consider if the repayment schedule and terms align with your business's cash flow patterns.
Exploring the Short Term Business Loan Application Process
Common Factors That Impact Your Application
- • Monthly revenue consistency
- • Bank account history
- • Business credit score
- • Industry type
- • Time in business
How Much Do I Qualify?
Loan amounts typically range from $5,000 to $1,000,000, based on your business's monthly revenue and financial health.
Most businesses qualify for 1-3 months of their average monthly revenue.
How Does Paying Back Work?
Repayment options include daily, weekly, or monthly payments, depending on your business's cash flow.
Payments are automatically deducted from your business bank account.
What Will a Loan Cost You?
Interest rates typically range from 5% to 49% APR, depending on your business's risk profile.
Factor rates and fees vary by lender and loan type.
Interest Rates
Our rates are competitive and based on your business's financial strength and risk profile.
Better financials typically result in lower rates.
Payback Amount
Total payback depends on the loan amount, interest rate, and repayment term.
We provide clear, transparent terms before you accept any offer.
Frequently Asked Questions
Short-term business loans typically have repayment terms ranging from 3 months to 3 years, with daily or weekly payment options available. The exact terms depend on your business's financial profile and the loan amount.
Let our customers speak for us…
Got my money the same day
I needed cash fast for my restaurant and honestly didn't think it was possible. Applied in the morning, got approved by lunch, and the money hit my account that evening. No hassle, no runaround. These guys actually deliver.
Simple process, real people
My credit isn't perfect, so I was worried about getting turned down. But they worked with me and found a solution that actually made sense. The whole thing took maybe 20 minutes and I had options the next day.
Saved my business
Had a big order come in but couldn't cover the inventory costs. Banks said it would take weeks. Found these guys online, got $50k in two days. That order ended up being our best month ever. Can't recommend them enough.
Ready to get your short-term business loan?
Join thousands of businesses that have already secured funding through our platform.