Determine the total cost of your advance. 

Short-term
business loan
calculator

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How much do you need?

Estimated Factor Rate

Estimated Term

Payment Frequency

$183/day
Total Repayment:
$1,725
Number of Payments:
9

See if you qualify for your short-term business loan.

New York Tribeca Group helps your business success by you on the cutting edge of business financing opporties today. We value the overall health of your business and bring options that are not readily available in the traditional financing market.

Time in Business

We evaluate how long you’ve been in business and repayment history.

Annual Revenue

We look at your annual revenue and review your daily balances.

Performance

Don’t worry, your credit score or defaults won’t be the deciding factor

What is a short-term business loan?

Short-term loans might assist you in taking your company to the next level. They can help your business and capital grow significantly. Each step of the way, it’s critical to grasp the terms of how they work and how they affect your business.

A short-term loan is a lump sum payment with a set repayment period, similar to a regular loan. You’ll be able to pay it off more faster because it’s a shortened version of a loan.


How to use our short-term loan payment calculator

When looking for the perfect loan for your business, it’s crucial to do your homework. It’s critical to think about the best financing options, interest rates, and contract terms.

To calculate your monthly or weekly payments and the total cost over the life of your loan:

  • First, enter the desired loan amount
  • Next, estimate what your interest rate
  • Choose a loan term that fits your payoff structure
  • Determine your payment frequency. Keep in mind that short-term loans are riskier than traditional loans.
  • Finally, input all the factors and calculate what your impact of your repayment schedule will be.

Understanding your results

The calculated results give results for a weekly or monthly payment, cost of loan, and total repayment.

Here’s what the numbers tell you:

  • Loan Costs
  • Payment
  • Repayment Amount

It’s simple to compare loan possibilities with this information, whether you’re comparing lenders or deciding between a 12- or 18-month term.

We lay down the variations in your options, whether it’s a 12-month or 18-month term, to ensure you’re getting the best bargain available.

Our short-term loan calculator can provide you an accurate estimate of your financial costs. Borrowers are concerned about being able to make timely payments. Payment is necessary, but it is only one part of the picture.

Pros and cons of short-term loan financing

It’s simple to compare loan possibilities with this information, whether you’re comparing lenders or deciding between a 12- or 18-month term.

We lay down the variations in your options, whether it’s a 12-month or 18-month term, to ensure you’re getting the best bargain available.

Our short-term loan calculator can provide you an accurate estimate of your financial costs. Borrowers are concerned about being able to make timely payments. Payment is necessary, but it is only one part of the picture.

  • PROS:

    Obtaining funds quickly

    There is little to no paperwork involved, and monies are available the same day!

    Qualifications are simple.

    To qualify, you don’t need to have been in company for two years or have a perfect credit score.

    Capital at a low price

    Short-term loans have higher interest rates, but interest is accumulated over a shorter period of time.

  • CONS:

    Interest rates that are higher

    The majority of short-term loans start at 10%, but depending on the size of the company, they might go much higher.

    Payments that are made often

    These payments are normally made once a week or once a month.

    Higher payments

    The combination of high interest and frequent payments could be troublesome in the long run.

  • We encourage that you experiment with different scenarios with factor rates, terms, and advance amounts, whether you have specific numbers in mind or are unsure where to start. This can assist you in determining what you can and cannot afford, as well as determining the best plan for you.

Comparing and analyzing proposals for short-term business loans

Comparing the terms of each loan offer will help you decide which is the best option for you if you have more than one loan offer on the table.

Here are some tips to help you decide which offer is best for you:

Think about how much each lender is willing to provide you. Examine APRs for reduced rates.

Look into the different repayment terms. Choose a timeframe that is most convenient for you and your company. Consider the particulars.

Most importantly, be sure your company is financially sound enough to take out a short-term loan. Make a plan for your future success.

How to qualify for a short term business loan

Accessing funding for your business is now easier than ever. With online technology, funders can now easily underwrite a business with minimal paperwork and documentation required.

Here’s what you’ll need to qualify:

  • 3+ months in business
  • $110K+ annual revenue
  • 550+ credit score

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Got some questions?

This financing works similar to a mortgage payment; mostly interest with little principal paid monthly for the first few years. 

The principal will increase while the interest will decrease over time. 

The numbers which determine your interest and fees will be discussed upon approval of your application.

The answer is in the name itself. Short-term loans are quick funds that you have access to. They have a quicker repayment schedule and higher interest rates. 

Long-term loans are great for long-term commitment. They have longer repayment periods at lower interest rates. 

Short-term business loans come in handy for many reasons. 

They can be used for project start-up costs, restocking quick inventory, and covering any payroll gaops you may have in your business. Overall , they’re good for fixing quick problems you may have. 

Applying for short-term business loans is easier than applying for traditional loans. Less paperwork and requirements are needed to qualify for the loan.

With every pro, there’s a con and with short-term business comes higher interest rates and higher repayment amounts.

All it takes is 5 minutes of your time. Fill out our online application or give us a call and speak to one of our representatives who can help guide you through it. 

Upon applying, review your business’s following: 

  • Annual/Monthly Revenue
  • Length in Business
  • Credit Score

Meeting minimal requirements still gives you a likely chance. 

Having a healthy business means that it’s running well and you’re staying on top of all the business priorities. Lenders take notice in things like this when reviewing your application. 

Credit score isn’t everything in this case. We won’t automatically deny you because it’s lower than average. 

What are you waiting for? Get your capital today.

Fill out a quick questionarie about your business. Receieve a decision within hours and get funds by the end of the day.

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