What are Short-Term Business Loans?
Short term loans offer immediate relief to a business’ cash flow, allowing a company to pay accounts payable, salaries, expand their business, take on new business and so forth whilst waiting for accounts receivable or for other more conventional finance to be put in place.
Short term loans must be paid back in a shorter period of time. The loan period can range from a minimum of one month up to twelve months, depending on your needs. We are open to negotiating the period of the loan to suit your needs.
For short-term loans we expect the client to provide security for the loan in the form of paid up immovable or movable property. Should the client have other forms of security we are willing to have a look at those too, but transactions are concluded far easier when immovable property is provided as security.
The monthly interest rate charged is determined on the merits of each individual transaction.
Should you be interested in securing a short-term loan, please contact us for a brief discussion regarding the proposed transaction. Thereafter, the application form needs to be completed and submitted, along with all the relevant supporting documentation as listed on the application form.