Here’s the list of most affordable, quickest-to-fund short-term loan options available.
Pelagic Capital
Pelagic Capital believes business owners drive the economy, and they are passionate about helping the potential company to reach its peak point. The quick short-term loan range starts from $5,000 to $25,000 and max from $500,000 to $5,000,000 with 8% lowest annual interest rate.
They offer a quick loan delivery, which is under 24 hours. You’ll get the money when you qualify!
How to Apply?
Step 1:
Apply on their site or call them directly at 203-659-8110.
Step 2:
Their short-term business loan specialist will match you up to the appropriate loan.
Step 3:
Sign your contract and receive money in 24 hours.
Visit the site for more information & apply.
Pelagic Capital Loan Amount
The loan ranges from $5,000 up to $250,000. The average time to funding is two business days with the length of term 3 to 24 months.
To get or qualify for the loan, you must have been in business for 1-year minimum with monthly revenue of at least $10,000. Besides, you also need a personal credit score of 550. If you repay the loan early, you may get 6% off depending on the lender.
Pelagic Capital FICO Score
Pelagic Capital FICO scores start at 550 and the higher your score the better the terms as the risk is less for the lender. It can take three business days for funding or as fast as same day. They offer a median loan amount of $30,000 with the length of term 6 to 15 months. Lenders may require a personal guarantee, so make sure you understand the long-term implications of that document before signing the contract.
Pelagic Capital Customer Service
The organization is well-reputed for its loyal customer service and higher approval rates. They offer three tiers of short-term loans. If you qualify, the money will be sent to you within two business days or same day. You can borrow loan from $5,000 to $250,000.
Business with two years of operational history with annual revenue of $100,000 is eligible to get short-term loan from Pelagic Capital
Final Thoughts
Many sources provide quick short-term loans; Pelagic Capital is a marketplace for small business loans and they will listen to your needs and place you with the best funding option if it’s a short-term business loan, mid-term business loan or a line of credit Pelagic has the loan for you.