· Understand the re-payment schedule. A short-term business loan is different from a traditional payday loan. In general, short-term business loans may have repayment plans as brief as three months, or as long as three years. Some short-term business loans are repaid in small daily installments.
Typically, short term loans offer fast funding – but with high interest rates and quick payback. Usually, a borrower has only a week or two to repay the full loan amount, including interest. This is where most borrowers get in trouble, so be careful. My Green Loans short term loans are NOT "payday loans". The difference is plain to see!
Bridge Loans For Residential Real Estate Commercial Bridge Loan Commercial Bridge Loans – Multifamily.loans – Bridge Loans. A multifamily bridge loan is a financial tool used by commercial property owners to bridge the gap between the moment they get the loan and the moment they can do what they want to do with the property. Multifamily and commercial real estate bridge loan terms are usually between 3 months and 3 years, most landing in the 12 – 24.