What are Short Term Business Loans?

A short term business loan refers to any business loan that is paid within one year that typically does not exceed 5 million dollars. These types of loans are often repaid within 90 -120 days and offer businesses quick cash for emergency capital or an immediate need. These loans do not require a long term commitment and may be more attractive to businesses that may need to expand their inventory based on seasonal changes. They are also useful for businesses that may experience temporary cash flow issues yet still need to fulfil bill payments.