Short Term Loan

If you've been in business for six months or more and have monthly sales of $10,000 or more, you can use your funds with fast approval.

Get fast loan approval and use your funds for your business right away.

Find the loan that’s right for you.

The Compass 7BC Configurator lets you see your estimated Options upfront.

Feel free to choose the loan that suits your use of funds.

Once the documents are reviewed, various loan options are available. Loan amount, repayment period, and interest are freely selected according to me.

Clear, competitive loans and quick access to funds

You can fill out the application and use the approved funds on the same day or within the next business day. 6 to 36 months repayment at a fixed rate with no upfront fees.

Frequently asked questions

We'll go over the costs, qualifications, use of proceeds, and more to help you determine if this type of loan is the best option to fund your small business.

You must complete an application to determine your business eligibility. Once the application is
complete, you can customize the expected loan terms by adjusting the loan amount and term to
compare financing costs.

Select the terms you want, complete the application and once approved, you will be prompted to
sign a contract by email, which includes bank instructions so you can withdraw from your business
checking account weekly.

If approved, the funds are transferred by the lender directly into your business’s bank account. The lender
transfers funds as fast as the next business day for applications approved by 5:00 p.m. Eastern Time on bank
business days.

An online application can help determine your business eligibility for a loan. It will take a few minutes to

By completing the application, we will evaluate your eligibility and, if eligible, review our prospective offers,
without affecting your credit score. When you decide to complete the loan application process, a credit check
and other public record checks that may affect your credit score are performed.

Your eligibility and loan offer are based on an overall assessment of your business’s health. The lender
evaluates the credit history of the business owner and the business to determine approvability, the loan
amount, and pricing.

The loan can be paid off at any time, but the full fee based on the original term of the loan is applied and is
due at the time of the payoff.

Your loan is automatically debited from your business bank account. You provide your account information
when you sign the contract, and it will be automatically debited on the payment date. You cannot adjust the
number of payments. Depending on the loan, the repayment method may be adjusted depending on the
lending institution during repayment.