ServicesBusiness Loans
SpringFi sources term loan options from our funding partners — predictable fixed payments over a set schedule, so you know exactly what you owe and when.
Predictable payments
A fixed schedule you can plan around, sourced from funders who understand your industry.
- Flexible repayment terms from 1-10 years
- Decisions are made in as little as 6 hours
- Improve your business credit with every on-time payment
- Freedom to use the money where your business needs it most
Benefits of Business Loans
If you don’t want to risk losing your assets or have no collateral, applying for business loans may offer an ideal way to receive funds for your business-related expenses. The financing options offer many advantages, including the following:
- No collateral required: Fixed, predictable payments: know your obligation up front and plan around it.
- Flexibility in usage: Use the loan to fund various business needs without restrictions tied to specific collateral.
- Repayment options: Select a predictable repayment structure with fixed monthly payments over an agreed period.
- Credit building opportunities: Provide on-time payments on the business loan to help build your credit over time.
- Easier approvals in small amounts: Enjoy streamlined applications and approval processes to receive answers quickly.
How Fast Business Loans Work
At SpringFi, we’re proud to help businesses boost their revenue, stay competitive and scale their growth. We give you one efficient way to apply and get options back from multiple funding partners.
Step One: Submit Your Application
Spend about five minutes filling out our online form. There’s no cost or obligation to apply and see what you qualify for.
Typically, you’ll need to submit about four months of business bank statements. If you have a high number of credit card sales, we recommend providing proof with those statements as well.
Step Two: Receive a Decision
After you submit your application, we package it and send it to our funding partners. Their underwriting teams typically return a decision in four to 10 hours. Financial factors such as your business’s cash flow and credit score help us determine your loan options.
We offer flexible repayment terms ranging from one to 10 years. You have the freedom to use the money wherever your business needs it most, from bridging a cash flow gap to buying inventory or planning expansion.
Once you receive your financing options, our professionals can answer your questions and help you choose the best loan for your business requirements.
Step Three: Access Your Funds
Enjoy receiving your same-day business loan — most businesses receive funding in as little as 24 to 48 hours. Each on-time payment you make can help improve your business credit. Interest on a business loan may be tax-deductible depending on your situation. Check with your accountant.
What Businesses Do We Serve?
SpringFi proudly partners with many types of businesses, from retail to manufacturing and construction sectors. We source working capital options aligned with how your business actually operates. Review the list of over 30 industries we serve to see if we’re a good fit for your needs.
Why Choose SpringFi?
As a business seeking funding, we know you have many options. Here’s why it makes sense to work with SpringFi for your financing needs.
Find the Right Business Loan With SpringFi
Whether you want to keep your operations running smoothly or fund an upcoming project, SpringFi is ready to help you get started. We use our wealth of industry experience, tools and resources to access various lending options.
Send us a message or call 929-460-9727 to learn more about our unsecured small business loans. To see what you qualify for, submit an application today.