We listen, we care
Short Term Business Loans
-
intellichoice
Short Term Business Loans Australia
Obtaining short term business loans can be the difference between success and stagnation for small and medium-scale businesses. When you’ve established a new business, you may rely on savings or investments from family and friends. But once you qualify for financing, a short term business loan could boost your working capital and legitimize your business’ standing.
SMEs make up about 99.8% of all enterprises in Australia, which employs over 66% in the private sector. The country provides policy measures about short term business loans to support SMEs. Whether you need to inject much-needed funding for daily operations, equipment financing, loan repayments, and other reasons, a short term business loan offers an accessible solution for your company.
Intellichoice is well-updated on the latest business loan products from banks and private lenders. We have the proprietary technology and expertise to align your business data to the most appropriate loans. Work with our finance specialists and grow your business.
Want to enquire about short term business loans?
-
intellichoice
Types of Short Term Business Loans
Short term business loans require payment history records for other loans, including accounts payable to suppliers, cash flow history, credit standing, and income statement.
Here are a few short term finance options for SMEs:
- Working Capital Loans. Banks and private lenders offer loan agreements after considering the business’ working capital cycle, records, overall value, etc. Once the loan is approved, the client can repay in small installments or opt for full payment at the end of the tenure.
- Trade Credit. This financing option involves seeking credit from suppliers. The supplier typically extends terms. An example is 2/10, net 30 – where you get a 2% discount if you pay in 10 days, and the balance should be paid within 30 days. This applies well for financing inventory.
- Line of Credit. This is extended for businesses to access cash when needed. Your company should have an excellent credit record to get approved for an unsecured business line of credit.
Short term business loans Australia aims to promote growth, employment, and industry opportunities. New lenders pave the way for SMEs to be granted financing that may otherwise be out of reach with regular banks. Our financial specialists utilize AI technology to analyze loan products, check credit reporting agencies, and check assets. These data points inform the loan-sourcing process and assess your nuanced financial situation. We are knowledgeable in keeping your loan application process smooth, successful, and designed for your best interest.
Ready to enhance your business financing?
-
intellichoice
Advantages of Short Term Finance
Companies can choose from a wide array of products to increase cash flow. Short term business loans provide alternative options for businesses to increase liquidity. Financing helps you in several ways:
Quick disbursement. Due to its shorter loan agreement period, short term business loans are approved quicker than other long term financing. Business owners get a hold of the additional cash flow once the loan is sanctioned.
Lower interest rates. Again, the short term nature of these business finance commands lower rates compared to loan products that will take many years to be repaid.
Easier processing. Because short term business loans rely on easily accessible documents (e.g., invoices, supplies credit, bank statements, etc.), your finance broker can streamline the application without breaking a sweat.
Our short term business loan experts are professionals who can expedite your loan application. We have in-depth access to reputable lenders in the market, and we know the ins and outs of the finance industry. Talk to us and have an array of short term financing options from our extensive network of lenders.
Is now the right time for a short term business loan?
-
intellichoice
Why Choose Intellichoice
Invest in new technologies, fund your innovations, and expand your business! We understand that short term business loans can be a game-changer for your growth, but if they become unmanageable, they could increase your financial burden and impact your credit score. Our financial specialists have decades of experience and the proper certification to make your loan application successful. We advise clients every step of the way: when studying loan agreements, filling out application forms, and communicating with lenders. We guarantee sound research to determine projected business earnings before opting for loans.
Talk to us about short term business loan prospects