- A business loan that is only for a short period of time of 1 – 6 months.
- For most lenders in Australia, you need to pay interest monthly, however we will capitalise (or ‘prepay’) the interest so you don’t have to pay anything during the loan term.
- At www.ShortTermCaveatLoans.com.au, we are all about flexibility and understand that each business situation is different, which is why we offer extended loan terms if you need them.
- To help save you money, you can also repay your loan early and without any penalties, and you will also save on interest too.
Short Term Business Finance
Get Short Term Business Finance
from $20k to $2m in just 24 hours!
What is a short term business loan?
Everything explained about short-term business finance
Our organization specializes in offering various short-term business loans to business owners all around Australia and New Zealand. Typically, conventional banks and other financial institutions take a longer time to process the loan application and the approval of the short-term finance. However, we take pride in engaging and getting involved to help borrowers in their current cash flow problem. Our experienced and friendly team is always more than ready to assist the business owners in taking their company to a high level.
Different Types of short term business loans available
It is now time to check out the different varieties of short-term business loans available in Australia. They are as follows.
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Business Overdraft
If you are in urgent need of working capital, the business overdraft is an option for short period business funding. The borrower can withdraw any amount up to the limit of the business overdraft from the regular account for any business use. They have to pay the interest rate and fees depending on the amount approved. It is an ongoing facility, and one can apply for an overdraft starting from 10000 dollars. There are both unsecured and secured alternatives for this type of short-term business finance.
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Unsecured short term business loan
This funding alternative is becoming more popular among business owners as they do not have to go through the difficulties of a tedious and extended application process. The borrower does not have to wait for 6 to 8 weeks for the approval and get the funds can be transferred to your account within 2 to 3 business days. This funding option does not need any personal or company properties as security or collateral due to its unsecured nature. The only disadvantage of this funding is, it can have a higher interest rates as the lender has a higher risk of a payment default.
However, this is not a primary issue for most borrowers as they can access the funds whenever they need it.
Short term finances for Business essentials
Before applying for the loan, you need to know the below key points for short-term finances for business owners.
- Be careful using this funding for purchasing any high-cost asset as you have to repay the loan in a short period of time, unless you have an exit strategy in place.
- There is no guarantee that the lender will extend or renew the loan term at the beginning, however if you have a good history then extensions are available.
- This funding can have up front charges, fees, and interest rates in case of an unsecured option.
- Always calculate the total business loan cost before applying for it.
What Interest rate does the business owner have to pay for the loan?
Interest rates for short-term business finance differ according to the requirements and security offered by the business owner. Rates are primarily dependent on risk. The higher the chances of payment default, the higher will be the risk. However, a typical interest rate varies from 1.5% per month.
Examples of where the Business Owners might need short term business loan
Business owners might have the need to apply for short term funding due to several reasons. They are as follows.
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Expansion or growth of the business
During the changing times, the business owners may need to expand their business to sustain the current market. For that, they might suddenly need finances which short term loans can satisfy.
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Replacing the Equipment
If the existing equipment of a factory breaks down, requires replacement, or is outdated, the company may need to replace them with the new one. In this scenario also short-term business funding comes to the rescue.
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Paying the suppliers
You might need a short term loan for paying an outstanding invoice to a supplier. The invoice could be due to the inventory or other equipment-related services.
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Enhancing the Inventory
Seasonal occasions always demand enhancement in the inventory. For improved production or having more stock, a short-time loan option can help you out.
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Debt consolidation of the business
When you are suffering from the stress of multiple debts, in this case, short-term business finance can help you in consolidating all the business debts.
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Paying the salaries of the employees
A short-term business loan can also solve the hassle of temporary cash flow shortfall, which might cause issues with paying employees’ salaries.
In other words, short-term finances are empowering numerous business owners across the country to provide funding solutions in their industry every day!
Short Term Business Finance is the solution for short term Cash Flow Problems
- Often, short term business finance is used to attend day-to-day matters within the business.
- The total interest component of a short term loan is less than a longer term loan.
- As interest is capitalised, you can improve your cashflow with a short term business loan, and dedicate working capital into other areas.
Short Term Business Loans in Australia For Short Term Cash Flow Problems
Our short-term business loans offer business owners like you many advantages, with a simple application process to ensure it takes the least of your valuable time. There are several other reasons our clients keep coming back, and we always get new ones. Among them is our short-term loans provide you with flexible repayment options tailored to your business cash flows. Also, a decision on your short-term business finance application is done within a matter of minutes. Finally, we are able to offer you a highly competitive interest rate. Hence, we give the best short-term loans in Australia.
Regardless of the size of your business, with a short-term business loan from www.ShortTermCaveatLoans.com.au, you can be assured you are dealing with one of the fastest growing companies in the business lending sector, with a highly professional team who understand the needs of our customers.
Advantages and Disadvantages of short term business loans
| Advantage | Disadvantage |
|---|---|
| -Enables fast access to capital, which can be used to save or improve your business. and has been a lifesaver for business owners across Australia since 2004. | - The Interest appears higher, as we charge interest monthly, not annually. However these business loans are only for a short term so it's not a problem. |
| - There is less interest charged than a longer term loan
- Shorter repayment terms means that access to capital is faster - Interest on short term business loans is tax deductible -You don't need to show cashflow records for our short term business loans. |
- Repayment conditions might not be as flexible as longer-term loans because of the short repayment period
You can't pay short term business loan off gradually. You simply get funded in full today, and you repay in full at some later stage, such as when you sell an asset, or refinance. |
An example of a short term business loan
Peter owns a wholesale food supply business and he urgently needed additional funds to take advantage of a rare opportunity. The banks said they would take up to 3 months to get him the funds he needed for his new business venture.
Peter found www.ShortTermCaveatLoans.com.au when he googled Fast Business Loans. He applied online and within minutes, our experienced staff called him and asked him a couple of questions about the equity in his real estate assets.
We were able to give him a short term business loans for the full $380,000 that he required. Peter signed the loan agreement and received the funds in his account by 2pm the following day,.
Peter then went and seized the day and secured his new business opportunity, and also called his bank and started the refinance process, which is what will repay the short term business loan in a few months time.
How can I use short term business finance?
It’s often completely unnecessary for your business to take a long-term business loan just to resolve a short-term cash flow problem. In this case, a short-term business loan is the best way to go.
Short-term business finance is critical in any business. The uses of the loan can be for almost anything, and are usually to fulfil the short-term financial needs of the business.
Here are just some of the common reasons why business owners take out short term business loans:
- An unexpected business crisis or opportunity
- Unexpected fluctuations in business cashflow
- Additional staff expenses
- Business expansion (e.g., buying materials or stock)
- Paying overdue debts, including tax debts
Why should I choose Short Term Caveat Loans to obtain a short term business loan?
The short-term business loan solutions are specifically tailored to meet the needs of our customers. Here at www.ShortTermCaveatLoans.com.au, our short-term loans are flexible and are designed according to your business cash flows.
Regardless of the size of your business, with a short-term business loan from www.ShortTermCaveatLoans.com.au, you can be assured you are dealing with one of the fastest growing companies in the business lending sector, with a highly professional team who understand the needs of our customers.
With our low rates and short application process, we pride ourselves in delivering one of the best short term business loans in Australia.
How do I get a short term business loan started?
We have simplified short-term business lending through our fast and simple application form.
With our fast turnaround time and a highly responsive team of finance professionals; you’ll receive an answer from us in no time at all!
Our whole process for our short term business loans is so simple from start to finish; and best of all is you will be at the finish line in just 24 hours.
Step 1
Complete our online Pre-Approval form. It only takes a couple of minutes.
Step 2
Receive an immediate decision – upload a few documents for verification
Step 3
Get approved, sign loan agreements and have funds in your account in hours.
Frequently Asked Questions
YES – We understand that things can go wrong and that can affect your credit score. We are here to help those business owners, which is why credit scores are irrelevant to us.
If you needed a large sum of money for your business BY TOMORROW, what would you do? Your bank can’t help, and most finance companies can’t quickly fund large amounts of money. So a short term business loan is the ONLY answer.
Short term business loans (as the name suggests) are loans that are for a short term of 1 month through to 6 months. They are not a long term solution, but rather just an immediate short term fix.
Our loan terms range from 1 month to 12 months, however extensions are available.
You need to have a registered ABN or ACN and sufficient equity in real estate assets.
Yes, We require equity in a real estate asset, this can be a residential property, commercial property or vacant land.
If there is sufficient equity available an increase of the loan could be considered.
Normally short term business loans are repaid from sale of an asset, refinance or business income.