You need to enable JavaScript to run this app.
Funding built for needs measured in months, not years — fast in, fast out, cost known up front.
Short-term funding fits needs with a visible endpoint: a season to stock, a contract to bridge, a repair to make. What we fund in house for it is an advance, not a loan. Terms run roughly 4 to 18 months, remittances are small and automatic (weekly, bi-weekly or, for qualified clients, monthly; daily available on request), and the total cost is a fixed dollar figure you see before signing — no compounding surprises.
The discipline that makes short-term funding work is matching the term to the payback window. Funding a 4-month season over 3 years costs more than it should; funding a 2-year expansion over 6 months strangles cash flow. Your advisor will size both the amount ($5,000–$10 million) and the term to the actual need. A short-term loan that charges interest we arrange with a direct lending partner, only if you choose to and at no fee to you, on terms the partner sets out in writing before anything is signed.
A short-term file is read against a calendar as much as a balance. Four months of business bank statements will catch either your peak or your trough, and which one they catch changes the arithmetic without changing the business at all — a February dip at a garden centre is February, not a decline, and saying so in the application is worth far more than hoping it goes unnoticed. The other thing being read is how many distinct days each month carry a deposit, because that count decides which remittance cadence fits. A business banking most days can carry a daily debit if it asks for one; one paid on four days a month wants a weekly debit placed the day after money reliably arrives.
Short-term amounts follow the same 80%–150% of monthly revenue guideline within $5,000 to $10 million, but the shorter the term, the more the payment dominates. On a 4–6 month structure, most businesses land below the top of the band simply because the weekly number gets uncomfortable before the maximum does.
In total dollars, usually yes: while an offer is being priced, a shorter term carries a lower factor on the same file, so the same capital costs fewer dollars. But the payment is bigger, and the payment is what your account feels each week, so compare both numbers, not just one. If the payback window is short, the term should be too.
Remittances are drawn automatically, sized so the full payback completes within the term. Payment schedules are set per deal, and which options are available depends on qualifications: weekly, bi-weekly, monthly for qualified clients or, if desired, a percentage of sales. Daily payments are available on request, but they are not our preferred payment method. Your advisor will price the options your file qualifies for.
Yes. Early payoff is structured deal by deal rather than by a standard schedule: some agreements forgive all of the remaining cost, some half of it, some carry a custom prepayment step-down, on some renewals the outstanding balance is forgiven, and some carry no saving, so paying early settles the full remaining balance. There is never a prepayment fee: paying early never costs more than paying on schedule. Whichever applies to yours is set out in writing before you sign.
Talk to us before you miss a payment, not after. Restructuring is far easier while an account is current, and calling early is the single best thing you can do for your options. If your sales slow, you can ask us to adjust your payments to your actual revenue; we answer a request within 5 business days. Questions about a payment go to Travis Yule on our main number, 518-312-0382.
Not necessarily. The shortest term that covers the season is not always one the account can carry: the same payback squeezed into fewer banking days makes each remittance larger, and the remittance is what your balance feels every week, including the weeks after the season ends. Size the term to the payment your worst normal week can clear, then check that the season covers it. A slightly longer term costs more in total dollars and far less in missed remittances.
No — nothing renews until you sign a new agreement. Paying down cleanly builds a record: by renewal time a funder has watched every remittance clear rather than inferring it from statements, which is why renewal terms are usually better than first-advance terms. One caution: the amount a renewal rolls in is your remaining payback, not your remaining principal, so it already contains the first factor and the new factor is applied on top. Ask for the net new funding by name — what actually arrives after the old balance is retired and after fees.