Short-Term Installment Loans

Short-term installment loans for small businesses are based on your total income. Businesses that need to fund special projects or buy minimal amounts of equipment can rely on short-term installment loans over the course of a year to quickly fund their operation while improving their credit with timely payments. At Claris Finance, we want your business to grow, and sometimes that means financing one step at a time. We can help you find a lender that makes the most sense for your business.

Advantages of Short-Term Installment Loans

When your business needs quick cash and has steady monthly income, Claris Finance can help you find a short-term installation loan that gives the boost your business needs for growth.

A short-term loan can also help a business recover from an emergency while maintaining the security of daily operations.

Short-term installment loans afford business owners the following advantages:

  1. Payable within a year
  2. Lower interest rates than long-term installment loans and payday loans
  3. Evenly spread out payments
  4. Easier to get than long-term loans
  5. No need for collateral
  6. Not difficult to get even with bad credit or no credit
  7. Builds your credit with timely payments

Small businesses use short-term installation loans to help offset the cost of equipment, payroll, personal loans, daily operations, furniture and fixtures, special projects, advertising and more.

Short-Term Installment Loans vs. Payday Loans

“What is the difference between short term installment loans and payday loans?” This is a common question asked by borrowers who need money fast. Some of the key differences are listed below.

Applying for a Short-Term Installment Loan

Applying for a short-term installment loan is easy. Claris Finance’s team of experts can help you apply for a loan that matches the needs of your business. We can also answer any questions you have about loan types, interest rates, fees and more.

Contact us online to take your business to the next level today!

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Sources:
SBA Microloans: www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/microloan-program