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Short Term Business Loans

Short Term Business Loans

Looking for a short term business loan? You’ve come to the right place

Short term business finance for SMEs

One of the many challenges facing small business owners is securing the funding they need. Whether that’s to expand the company, cover unexpected bills, pay for new stock and equipment or support a recruitment drive, it’s vital that SMEs have access to the finance they need to achieve their goals.

If you need an injection of cash but don’t want to be tied into lengthy repayment periods, a short term business loan could prove to be the perfect solution. Alternative lenders like Fleximize can provide the funding you seek in as little as 24 hours, and that finance can then be used to overcome any obstacles standing in your way.

Read on for everything you need to know about short term business finance, how it works, the application process, and why you can count on us as a responsible short term business loan lender.

What is a short term business loan?

Short term business loans tend to be paid back over a period of between one month and a year and the money can be used for all manner of reasons.

For example, SMEs might use short term business finance to support their growth, pay a due bill, expand their premises or cover a cash flow shortfall during quieter periods.

What are the different types of short term small business loans and how do they work?

There are various kinds of short term business loans, and selecting the right one for you will depend on the nature of your situation and the challenges you face.

Term loans

Term loans refer to loans that are repaid over a specified period of time, usually via regular monthly instalments. The lender will typically charge interest on the loan, which means the business will repay a little more overall than the amount they borrowed. These types of loans are usually either unsecured or secured.

Invoice finance

Invoice finance is a form of asset-based lending, where businesses borrow funds secured against the money they are due to receive from their customers. Rather than having to wait for their invoices to be paid, companies can use this type of short term business finance to receive most of the value of their due invoices and then repay the loan once their customers have settled their accounts.

Merchant cash advances

Merchant cash advances can be a valuable option for seasonal businesses that may experience some quieter months. With this type of unsecured funding, the total cost of the loan is agreed upfront and then repaid as a percentage of the company’s card takings. So, if a business performs well it will repay more of the cash advance that month. If it has a quieter few weeks, it will repay less.

Bridging loans 

Bridging loans are used by businesses to ‘bridge’ their funding gap – perhaps if they are waiting on a longer-term financing application to be approved. They usually require assets to be put up as security, and they tend to offer immediate cash flow relief but come with high interest rates. A bridging loan is often a popular choice for those in the property and construction sectors.

What are the advantages of short term finance loans?

A short term business loan is a good option for companies that need funding but don’t want to repay the debt over several years. If a company's cash flow is put under strain by late payments or 90-day payment terms, or when an opportunity arises to buy stock, having reliable short term business finance can make all the difference.

Several lenders offer a traditional fixed-term repayment plan. This is where businesses repay a set monthly amount over an agreed term, which could be anything from one month to a year. A fixed-term business loan can help companies plan, as they’ll know exactly how much they’ll be paying each month.

Short term business finance options like our Flexiloan Lite come with plenty of extra flexibility too, like our Penalty-Free Promise. When you borrow from us, you’ll only pay interest for the time you’ve had your loan and won’t be charged any early repayment fees. Our loans also amortize, which means your interest payments will be based on the outstanding capital, not the initial loan amount. Other perks of our Flexiloan Lite include repayment holidays and top-ups.

Short term business loans from Fleximize

Fleximize offers short term business loans of £5,000 to £500,000. Available on a flexible term of 3 – 12 months, the Flexiloan Lite is perfect for companies that have a pressing need for funding, but don’t fit the strict lending criteria of banks. Of course, if you’d prefer to split your repayments over a longer period, then our longer term offering, the Flexiloan, can be repaid over terms of 12 – 48 months and could prove the ideal solution.

But if it’s short term business finance you’re seeking, here are the key details of the Flexiloan Lite:

At Fleximize, we try to find a way to say ‘yes’ to as many businesses as we can and will take each business’ individual circumstances into account.

Apply for a short term business loan online

What can short term finance loans be used for?

From quick movers to cash flow wizards, our short term business loans are available to business owners from almost any industry and can be used for practically any purpose. Here are some of the most common reasons that our customers need funding:


  • Business expansion
  • Stock purchase
  • Cash Flow
  • Renovation & refurbishment
  • Recruitment
  • Training
  • Machinery
  • Corporation tax
  • VAT payments
  • Management buy-outs / buy-ins
  • New contracts
  • PR & marketing

  • Whatever your needs, we'll work closely with you to create a short term business finance package that suits you and your company. One of our relationship managers will guide you through the application process and serve as an ongoing point of contact if you are approved.

     
    case study:

    Fleximize lent £10,000 to Lancombe Country Cottages & Lodges, over a term of 12 months. The money was used to fund vital renovation work at the popular Dorset holiday resort

    Check your eligibility for short term business finance

    We want to approve as many applications as we can and we don’t demand the same strict criteria as banks. So, even if your business displays an inconsistent credit history, rest assured it’s not the only factor we take into account.

    Why choose Fleximize for short term finance loans?

    There are several reasons why we’re regarded as one of the UK’s leading short term business loan lenders. Here are just a few of them:

    Apply for a short term business loan

    It couldn’t be easier to apply for short term small business loans with Fleximize. Just click the button below, complete our simple application form and one of our team will be in touch before you know it.

    If you’re not ready to apply just yet, feel free to give us a call on 0207 1000 110. Alternatively, you can get an instant quote or read more about our short term funding solutions.

    Apply for a short term business loan online