Term Loan
A lump sum repaid over a set period, at a rate that does not move.
- Amount
- $10,000 – $1,000,000
- Cost
- From 6%
The six programmes
Short-Term Business Loan
Fast capital with a clear payoff date, measured in months rather than years.
- Amount
- $5,000 – $500,000
- Term
- 3 – 18 months
- Cost
- Weekly or daily payments
- Funded in
- Same day
Short-term loan
How it works, and where it fits badly
A short-term loan is a term loan with the repayment compressed. It is the fastest of the six to fund and the shortest to clear, which makes it the right answer for a one-off expense you can repay quickly — a marketing push, a stock buy, a repair that unlocks revenue.
Payments are taken weekly or daily rather than monthly. That is worth knowing before you take it: judge it against your worst week, not your average month.
What it gives you
Why an owner takes this one
- The fastest programme Spark arranges
- A payoff date visible from the start
- Simple approval and fixed payments
- Cleared in months, so it does not sit on the books
Apply
One application. 50+ lenders. Fifteen minutes.
About fifteen minutes. One application reaches 50+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
Rather talk to somebody first? (844) 311-3511.
The six programmes
Where it sits among the six
Line of Credit
A revolving limit you draw against, repay, and draw against again.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Short-Term Business Loan
Fast capital with a clear payoff date, measured in months rather than years.
- Amount
- $5,000 – $500,000
- Cost
- Weekly or daily payments
Working Capital Loan
Liquidity for payroll, rent, stock and the weeks that do not line up.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Equipment Financing
The largest and the longest: up to $5M, over as much as seven years.
- Amount
- Up to $5,000,000
- Cost
- Up to 100% financed
Revenue-Based Funding
A sum against future card sales, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- Not published
Revenue-based funding is not priced like the other five. It is bought at a discount on future sales rather than lent at a rate, which means settling it early does not make it cheaper — the amount repayable is fixed at the start. Any comparison that puts it beside an interest rate is comparing two different things, and the figure to ask for is the total repayable in dollars.
