Products
- Small Business Loans
Brokers
Partners
About
Resources

Products
- Small Business Loans
Brokers
Partners
About
Resources

Products
Brokers
Partners
About
Resources
User Login

Menu

Products
Brokers
Partners
About
Resources
User Login

Home » Featured » 5 benefits of a Short Term Business Loans

5-BENEFITS-OF-A-SHORT-TERM-BUSINESS-LOAN

Featured

5 benefits of a Short Term Business Loans

March 8, 2022
TIME TO READ: 3 mins

If you’re considering business financing, there’s a few things you need to know about short term business loans that could help you make the best decision.

A short term business loan is a great option for your business if you need a quick cash injection to help you scale or grow your business, invest in an exciting opportunity or even if you just need a little extra cash flow. Unlike traditional business loans, short term business loans are often paid off in a few months or up to 3 years. Here’s 5 benefits of short term business loans:

1) Capitalise on an opportunity quick

Have you ever had an opportunity slip through your fingers because you couldn’t act quickly enough? Short term business loans are usually a quick and easy application process, and you could be approved within hours! The best part is, you could also have your funds within 24 hours – meaning you can capitalise on opportunities while they’re available to you.

2) Stay afloat during emergencies or seasonality

On the flip side of that coin, maybe it’s about reducing cash flow gaps or having the cash available to you when you need it most. All businesses face peaks and valleys over the course of a year – and that’s not to mention the emergencies that pop up! A short term business loan can take the pressure off your cash flow during these times.

3) Easier to qualify for short term business loan

Unlike traditional lending, short term business financing can be easier to qualify for as you don’t usually need security or assets for collateral. Most short term business loans require minimal paperwork and basic eligibility criteria – like how long you’ve been in business and your monthly turnover.

4) Flexibility and better terms

Short term business finance can offer much more flexibility as many lenders work to customise their offering to suit individual borrowers. This might include repayment terms, varying interest rates, repayment options, and more. Plus, it means you’re not locked into a loan for several years like some traditional lenders – and that’s got to be a good thing.

5) Cost effective in the long run

Shorter repayment schedules can mean a more cost-effective option in the long run. Even though short term business loans can have a higher interest rate than traditional business financing, over the course of the years it would take to pay back traditional loans, you could have saved $1000s in interest.

At Capify we offer a range of financing options and business loans to help support your business through high and low periods. Check to see if you’re eligible for one of our loans with our online eligibility checker. Or, if you’d prefer to talk to a member of our team, we’d be happy to guide you through the process. Give us a call today on 1300 760 930

If you do require funding but are unsure about your options, chat with one of our lending specialists on 1300 760 930 or Get Started so that we can assist you with getting funds approved within 24 hours.

SHARE THIS POST

Categories

Money & Finance

Recent Posts

Exploring Diverse Marketing Channels for Business Growth

Marketing Retention Strategies to Help Build Brand Loyalty

Ways to Improve Your Marketing: The Importance of Multi-Touch Marketing

Related Blogs

Previous

Next

Subscribe Now

Get helpful industry-specific newsletters straight to your inbox every month.


                        Name(Required)
                            
                            
                                                    
                                                    First
                                                
                            
                            
                            
                        
Email(Required)
                            
                        
Industry(Required)
Name
This field is for validation purposes and should be left unchanged.

Products

Small Business Loans
Unsecured Business Loans
Merchant Cash Advance
Capify Secured Finance

Partner with Us

Partners
Brokers

About

About Us
Careers
Contact Us
User Login
Complaints

Resources

Blog
FAQs
Loan Calculator
Privacy Policy
Terms of use

Facebook-f Instagram Linkedin-in

Copyright © 2023 Capify Australia PTY LIMITED (ABN 38 630 469 117) trading as Capify. All Rights Reserved.