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Banks can have strict requirements to approve loans, however short-term lenders usually do not.
The primary difference between Short Term and Long Term loans is the amount of time required to repay the funds borrowed.
LightStream is a shopper lending division of Truist—which fashioned following the merger of SunTrust Bank and BB&T.
While short-term loans can come with high interest, they typically have a short while body.
You might have difficulty getting approved if you don’t often have cash coming in, nevertheless.