[June 04, 2019]

National Funding Releases an Infographic on Choosing a Short- or Long-Term Loan in Time for Summer Seasonal Hiring

National Funding, one of the largest fintech lenders of small- and medium-sized business loans, is providing business owners with a helpful resource. Its "What's Right for Your Business? Short-Term & Long-Term Business Loans Explained" infographic offers advice on when to choose a short-term loan over a long-term loan and vice versa.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190604005142/en/

National Funding's "What's Right for Your Business? Short-Term & Long-Term Business Loans Explained" infographic offers advice on when to choose a short-term loan over a long-term loan and vice versa. The infographic educates small business owners on the benefits of short-term and long-term loans. For example, spring and summertime tend to be a high season for hiring in the construction, tourism, and hospitality industries. Short-term business loans provide quick cash to use as working capital and are typically repaid within one year. Long-term loans are a good choice for starting a business, as the longer repayment time gives businesses time to bring in profits. (Photo: Business Wire)

The new National Funding infographic educates small business owners on the benefits of short-term and long-term loans. For example, spring and summertime ten to be a high season for hiring in the construction, tourism, and hospitality industries. Short-term business loans provide quick cash to use as working capital and are typically repaid within one year. According to StartupNation, January is one of the busiest months for incorporation, with springtime the time for business startups to grow. Long-term loans are a good choice for starting a business, as the longer repayment time gives businesses time to bring in profits.

Short-term loans from alternative lenders usually have a simple application process, funding may be within 24-48 hours, short repayment terms, with potential savings on interest over the life of the loan. Business owners use short-term loans for working capital to move to a new location, meet a payroll deadline, seasonal hiring, inventory, and similar financial needs.

Long-term loans from traditional lenders usually have a longer application process, lower interest rates, and lower monthly payments. When a business is just starting out, a long-term loan may be the right fit to help a business get set up and grow.

"I founded National Funding in 1999 because I believe in American small business owners," said CEO and founder, David Gilbert (News - Alert). "At the time, there were few alternatives to bank loans for small business owners. National Funding filled the gap to provide small- and mid-sized businesses with working capital and financing for business equipment. We are committed to educating our clients through our blog, whitepapers, and infographics as it empowers them to make the right decisions for their business."

Download the "What's Right for Your Business?" infographic at: https://www.nationalfunding.com/blog/short-term-vs-long-term-business-loans/.

To learn more about National Funding, visit https://nationalfunding.com.

About National Funding

Founded in 1999, National Funding is one of the country's leading financial technology companies. Headquartered in San Diego, National Funding has provided more than $2.5 billion in working capital and equipment leasing for more than 40,000 small- to medium-sized businesses. The company believes in American small business owners and strives to provide fast turnaround, flexible solutions and great service to all its customers in a diverse range of industries including construction, excavation, manufacturing, packaging, printing, restaurant, telecommunications, trucking, transportation, and waste management, among others. National Funding, an Inc. verified company, was recognized on the Inc. 500|5000 list for six consecutive years, as well as placing on the San Diego Business Journal's Fastest Growing Companies list for past six years. For more information visit https://nationalfunding.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190604005142/en/

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