Short term business financing refers to any type of funding that is intended to be repaid within a relatively short period of time, typically less than one year. This type of financing is often used by businesses to cover immediate expenses or take advantage of short-term opportunities, such as purchasing inventory, covering payroll, or funding a marketing campaign. Short term business financing options may include lines of credit, short-term loans, invoice financing, merchant cash advances, or trade credit.
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Google Gemini AI
Jun 20
Short-term business financing refers to financing options designed to provide businesses with access to funds to meet short-term needs, typically within a period of up to one year. These financing options are typically employed to bridge temporary cash flow gaps, finance seasonal inventory purchases, cover unexpected expenses, or seize short-term growth opportunities.