Short term business finance Will Solve All your Cash Flow Difficulties
Applying for a loan is one of the best ways for business owners of all industries to pass through difficult times. It will also assist the borrower in leveraging an opportunity when they will not have enough cash to fund it themselves. LoansOne completely understands the significance of convenient short term business finance and credit solutions. Thus we offer the best financial solutions to the borrowers.
Companies can go through hardship or capital problems anytime, making regular operations difficult in these trying times. Sometimes the business owner needs additional money in a hurry to repair the office premises or make payments for unexpected expenses. Our short term business loans have helped numerous business owners with the purchase of necessities, resources and equipment. This short term finance will assist the borrower in boosting cash flow and keeping the operators running. It can help you to
- Pay the creditors
- Handling off seasonal cash flow difficulties
- Buying inventory or other materials
- Emergency capital expenses necessary for the renovation or the expansion
- Any worthwhile business expense
Types of Short Term Business Loans
As a business owner, there can be numerous reasons you might have to apply for a short term business loan. There are three types of short term business finance alternatives available. It is now time to check out each of them with their primary features so that you can select the best one that suits the needs for your business.
Unsecured business finance
This type of finance is an outstanding short term solution for Australian companies. These loans usually extend from 1 month to one year. Due to the faster application and loan approval process, the financial solution needs to be an efficient and fast solution for the requirements of the short term cash flow. It can fund any particular business project or assist with cash flow. The repayments are structured to meet the needs of the business.
● Invoice Financing
Also known as Invoice Discounting or Debtor Finance, Invoice Finance is a form of business funding which sees cash secured against the value of outstanding invoices. In other words, it allows a business to access all the money tied up in its accounts receivable, immediately, instead of having to wait 30, 60 or even 90 days for your customer to pay the invoices you have issued to them. Invoice finance, also known as factoring, permits a business owner to leverage the capital in the invoices with the pending account receivable.
● Line of Credit
A line of credit is a perfect financial solution for the business owner as it is exceptionally flexible with unpredictable and irregular cash flow. With this type of loan, you have to pay only the interest on the outstanding balance, you can use and access the funds faster whenever necessary. This short term business finance will assist the borrower in keeping all the costs lower associated with the lending facility. A line of credit is a flexible financing form where the interest payable is applicable only on the amount that the borrower will withdraw.
Application Process of Short term business finance through LoansOne
One of the best advantages of applying for short term business loans from LoansOne is the faster approval and application process.
- Decide the total amount you want to borrow from us.
- Submit the initial application on our website with the basic information
- Submit the necessary documents afterwards after talking with our financial specialist
- You can ask any question you have for the lender
- We will verify the documents and approve the funds
- The money will get transferred to the bank account of the borrower
The benefit of applying for short term business loans from LoansOne
The primary benefits of applying for short term business finance from LoansOne are as follows.
- Loan approval from 5000 to 500000 dollar
- Include flexible repayment alternatives
- Loan terms start from 1 month to one year
- The faster fund approval procedure
- Minimum documents required
Want to apply for a short term business loan? Apply online on LoansOne.
Call us now at 1300 524 472 to learn more about our secured short-term business loans, or take 60 seconds and apply now.
Frequently Asked Questions
Short term business loans are 1 month to 1 year
This will depend on the Lender, however in most cases you will need to be trading for a minimum of 6 months and have a minimum monthly turnover of $6k on average to qualify
We have unsecured and secured short term business loan options. Collateral is not always required for a short term loan
Most of our Lenders will consider refinancing your loan to borrow extra funds, providing you meet their eligibility criteria.
This will depend on the Lender and their repayment terms. Some short term lenders require regular repayments and others require a lump sum paid at the end of the term