Short term business loans deliver working capital you repay within 3 to 18 months, usually through daily or weekly payments. Cedargrove Credit brokers these deals for New Haven businesses that need cash now and can handle the faster payback schedule.
Short-term
A short term business loan puts a lump sum in your account with a fixed repayment period under 18 months, often structured as daily ACH debits or weekly payments. You borrow what you need, receive it within days, and pay it back on a compressed timeline. These loans cost more per dollar than multi-year financing, but they move fast and don't tie up collateral for years.
The owner of a catering kitchen on State Street needed $40,000 to buy out a retiring partner before the holiday season. Banks wanted three months of underwriting. We placed him with a short term lender who funded in six business days. He repaid over twelve months through automatic daily withdrawals and kept his peak revenue window intact.
Short-term
Most short term business loan lenders want six months in business, $15,000 monthly revenue, and a credit score above 550. They care more about your bank deposits than your balance sheet. If cash flows through your account consistently, you'll find options even with thin credit history or a past hiccup.
Retail shops along Chapel Street, contractors working Yale renovation projects, and restaurants near Long Wharf typically qualify when their revenue is steady. Lenders pull bank statements, not tax returns, so recent sales matter more than last year's profit-and-loss.
Businesses use short term business finance to cover inventory before the back-to-school rush at Westville retailers, bridge payroll during slow winter months for landscapers in Edgewood, or pay suppliers upfront for discounted bulk orders. You'll also see it fund emergency equipment repairs, settle a tax bill to avoid liens, or grab a below-market lease opportunity that won't wait.
How it works
Call (475) 324-8340 or visit us at 129 Church St, New Haven, CT 06510. We'll ask for three months of business bank statements and a quick overview of what you need. We shop your profile to our network of term lenders, compare offers, and walk you through the option that fits your cash flow. Most clients see term sheets within 48 hours.
We're a licensed commercial business-loan broker, not a lender. We find the deal. You choose it.
The Chapel District bakery that waits three weeks for a bank answer loses the used deck oven listed at auction. The Wooster Square importer who can't pay the container fee watches product sit at the port accruing demurrage. Short term business lending exists because opportunities expire and problems compound.
Serving the New Haven area
We know which lenders fund which kinds of New Haven businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Why New Haven owners trust Cedargrove Credit
Talk to a local advisor and get matched to the right program, no obligation.
