A short-term business loan is designed specifically to provide businesses with the funding they need. From 3-month loans to 12-month loans, this type of financing can cover any immediate business funding requirement. It can also be used to support your growth plans too.
For seasonal businesses, a short-term loan can be especially helpful if you need to secure the funding but won’t be able to pay it back until the end of your trading period – for example, if you need stock for your summer beach-catering concession.
The amount you can borrow will depend on a few key factors: how well your business is doing, which lender you choose and the reason you need the loan.
But with the SME Alliance claiming that banks are “reluctant to lend” to small businesses, the need to give businesses a greater choice has never been clearer. That’s why more and more UK businesses are turning to Liberis’ Business Cash Advance.
As the flexible alternative to traditional bank loans and short-term business loans, our Business Cash Advance is simple and quick to apply for. You also aren’t held down by any fixed monthly repayments – only paying back when your customers pay you.