What are short-term business loans?
Short-term business loans are an important part of the financing mix and are used as a cash injection to help with working capital, cover inventory expenses, or pay for an unexpected bill. In other scenarios, short-term loans can assist in business growth, such as covering supplies for a new customer order.
How does a short-term business loan work?
Short-term business loans are generally approved for a duration up to 2 years. Often unsecured, the finance is ideal as a top up on existing finance structures and suitable for short-term investments. Popular borrowing reasons for short term finance are managing cash-flow, bridging receivables and buying inventory. Many modern lenders offer short-term finance with swift, easy online processes.