Keep in mind lender could charge an origination fee upfront.
Lenders have different types of fees and there are many factors they consider when it comes to determining the amount of their fee for each short term business loan.
For example, some lenders may require a fee be paid based on the length of the repayment term. Other lenders might charge one flat fee based on the interest rate.
In addition, if you default or miss a payment, there could be an extra fee.
