News & Blogs
As the name suggests, a short-term business loan is a loan taken out for business purposes. When we say ‘short-term,’ we generally mean for a period of time anywhere from two months to two years.
A short-term business loan in Australia is used for business-related purposes, such as investing in equipment, purchasing, improving cash flow, or debt consolidation.
You might have heard the saying “asset rich and cash poor” which describes a situation where you have good security, but lack of access to cash.