Reported 1 day ago
Short-term business loans, typically with terms of 24 months or less, offer small businesses quick access to capital for various needs such as emergency expenses, buying inventory, or covering seasonal income gaps. They can be utilized through options like business lines of credit, invoice factoring, and merchant cash advances. While these loans provide flexibility and rapid funding, it's essential for businesses to evaluate their repayment ability and ensure that the financing aligns with their specific needs.
Source: YAHOO