When you own a car, you expect to pay for regular maintenance each year. You may choose to shop around for the best price on an oil change or tire rotation each time the service is due. But when an auto shop can count on your regular business, they often offer perks and discounts. You can usually save money by committing to the mechanic for your maintenance.
Business owners face the same situation with short-term business loans. You can expect to need working capital repeatedly as new opportunities or unexpected expenses arise. And while you may want to work with different lenders for each transaction, the best short term business loans often reward repeat borrowers.
What Do Loan Rewards Look Like?
Business loan providers don’t typically offer formal loyalty programs or tiered reward systems. Don’t expect a punch card where you get your 10th working capital loan free. The rewards of repeat borrowing tend to be more practical and relationship-based.
For example, online lenders may offer loyal businesses a faster approval process. You’ve already submitted your documents and proven that you repay your loans. So they can streamline your application, approve your loan, and transfer the funds even more quickly. The most trusted working capital loan providers may also offer higher credit limits and improved pricing as you build your financial relationship with them.
These advantages may not seem like much, but they add up quickly when you need ongoing access to funds. A faster approval on your third draw means you have the funds to keep a cash flow gap from becoming a crisis. A higher credit limit means you can accelerate your growth plans.
Choosing to borrow strategically and repeatedly from a loan provider lays the foundation for a long-term borrowing relationship with direct financial value.
Top Business Loan Providers for Repeat Borrowers
The following lenders offer short term commercial loans that reward borrowers who return for additional funding. Each approaches loyalty differently, so consider which benefits will best help meet your working capital needs now and in the future.
1. Amazon Lending
If you primarily sell on Amazon, Amazon Lending has a built-in loyalty program. You can quickly access exclusive rates and terms from third-party providers based on your selling data.1 Amazon Lending currently partners with Lendistry, QuickBooks Capital, Parrafin, UnCapped, and Slope to provide short-term loans, merchant cash advances (MCAs), and business lines of credit.
Because Amazon Lending is invitation-only, they reward your actions in Seller Central and responsible loan usage. You can unlock access to more financing offers and larger funding amounts by improving your seller metrics or repaying a loan.1 For ecommerce companies already on the platform, Amazon Lending rewards your loyalty with speed and exclusive access.
2. Bluevine
Bluevine specializes in revolving business lines of credit, which naturally reward consistent and responsible borrowers. You have access to capital within a set limit that you can draw on as needed. Every time you withdraw funds and make payments, your available capital replenishes. You can repeatedly access funds without additional applications and only pay interest on what you use.2
Bluevine also rewards businesses that demonstrate strong repayment behavior over time. They proactively evaluate your finances to determine whether you’re eligible for an increase in your credit limit up to $250K.2 You can build a progressively more capable credit line as your track record strengthens when you build a relationship with Bluevine.
3. Mulligan Funding
Mulligan Funding is known as a trusted lending partner for working capital and short-term business loans. You can receive approval in a few hours and secure up to $10 million as quickly as the same day. Their transparent checkout process, which allows you to review your loan terms, also builds confidence in Mulligan Funding.2
Many businesses go back to Mulligan Funding because of their renewal program. If you have a good repayment history, they can expedite your funding and improve the terms of your loan. You can discuss additional financing options with your funding advisor, even before you finish repaying your first loan.4
If you need millions of dollars and repayment terms of less than 24 months, consistently working with Mulligan Funding can benefit your business over time.3
4. OnDeck
Providing both business lines of credit and short-term business loans, OnDeck provides its reliable customers with ongoing access to working capital.5 You can withdraw from their revolving credit line without reapplying, and your funds will continue to replenish as you make payments. OnDeck also regularly reviews your cash flow, net income, and repayment history to increase your credit limit.6
If you secure a lump sum instead, OnDeck also offers additional funding opportunities. You can apply for financing after six months of repayments or paying 40% of the total amount.7 As long as you are in good standing, you can secure a business line of credit and a short-term loan at the same time.6
For businesses that manage both predictable cash flow gaps and unplanned working capital needs, consider building a long-term relationship with OnDeck.
5. Cardiff
Cardiff works hard to be the small business lender you can always turn to. Their range of products, including working capital funding, MCAs, business lines of credit, and equipment financing, naturally supports the different goals and needs you may face over years of operations. And Cardiff’s streamlined application means they can approve loans in less than five minutes and transfer funds as fast as that same day, so you can get capital when you need it.8
To build a lending relationship, Cardiff assigns one expert loan advisor to each application. This personalized support creates a more tangible partnership that naturally benefits returning borrowers. Your loan advisor understands the context behind requests for new financing, making it easier and faster to secure more funding. 84% of Cardiff customers receive additional funds within six months.8
You can also earn product-specific rewards for consistent, reliable use. If you remain in good standing with a business line of credit, Cardiff will automatically renew your access each year and adjust your credit limit to your real-time financial status.9 With MCAs and invoice financing, Cardiff will consider funding multiple products based on your repayment history.10 11
Overall, the combination of speed and personal service makes Cardiff a strong fit for small businesses seeking a reliable financing partner through years of growth.
Get the Most From Your Short-Term Loan
Short-term financing, just like an oil change, can sometimes feel transactional. It’s usually more important that you get decent service quickly than have a meaningful conversation with the provider.
But you may be glad you built a relationship with a mechanic when your car starts making funny noises. It’s in those more significant moments that you want to work with someone you know and who might discount an expensive service.
The same is true with business financing.
If you use a short-term business loan to build a financing relationship, then you have a lender you can trust to work with you when you’re ready for higher funding amounts and longer terms. You might even get lower rates and faster processing times as part of the bargain.
That’s how you get the most out of your short-term loan.
Sources:
1https://sell.amazon.com/programs/amazon-lending
2https://www.bluevine.com/business-loans
3https://www.mulliganfunding.com/
4https://www.mulliganfunding.com/business-funding-resources/renewal/
5https://www.ondeck.com/
6https://www.ondeck.com/business-line-of-credit
7https://www.ondeck.com/faqs#tl
8https://cardiff.co/
9https://cardiff.co/business-loans/products/line-of-credit/
10https://cardiff.co/business-loans/products/merchant-cash-advance/
11https://cardiff.co/business-loans/products/business-invoice-financing/