A term loan is money that a bank or lender gives you, which you agree to pay back over a set period. Instead of paying it all back at once, you make regular payments each month that include both the money you borrowed and some extra called interest. People often use term loans to buy big things, like a house, car, or equipment for a business. It is like borrowing now and slowly paying it back in a way that is easier to manage.

A line of credit is an agreement with a bank or lender that lets you borrow money up to a set limit. You can take money out whenever you need it and pay it back over time. Interest is only charged on the amount you borrow, not the total limit. This makes it useful for emergencies or managing everyday cash needs.

A short term loan is money you borrow that must be paid back quickly, usually within a year. People often use it to cover sudden expenses or to get through a short cash shortage. Because the repayment time is short, the monthly payments are often higher. It is a quick way to get money but should be used carefully.

When your business needs immediate capital but traditional loans aren't an option, a Merchant Cash Advance (MCA) from Swish Funding can provide the quick funding solution you need. Based on your future sales rather than credit scores or collateral, Merchant Cash Advances (MCAs) offer a unique financing approach for businesses with consistent revenue streams.