Short Term Business Loans

What is a short-term business loan?

Every business at some point of time requires financial aid to smoothly run their business and maintain the cash flow. In such scenarios, short-term business loans are very effective. A short-term business loan generally has to be paid off in a short duration through daily/weekly repayments. However, the duration varies as per the terms of the company or the lender. In most cases, the loan duration is either a year or even less depending upon overall risk profile of the business.

How can a short-term business loan help your business?

For a business, it is important to maintain cash flow, demand-supply chain, and pay off all the expenses on time. While there can be many circumstances where the business may require urgent funds for a short duration of time. In such cases, short-term business loans can help in maintaining the smooth functioning of the business.

Critical Information Sheet

Borrowing Limits
Loan Amount$5k- $20m
Term3 months – 24 months
Can be used for
  • Buying stock/Inventory
  • Paying wages/rent
  • Expansion into branches or another unit
  • Renovating business premises
  • Other short-term working capital needs
SecurityBoth Unsecured and Secured Options
Pre-Approval Time2-4 hours
Unconditional Approval and Settlement TimeUnsecured: 24-48 hours
Secured: 3-7 days
Low Doc Approval and Documents required
  • Up to $250,000 basis
  • Last 6 months bank statements
  • ATO statements
  • Valid identification proof
Interest RatesStarts from 7.99% p.a.
  • Quick funding process
  • Least documentation

*The information provided in critical information sheet is intended as a guide only. Please contact us for more information

Things to keep in mind while applying for a short-term business loan

There are many things that a business owner should keep in mind while applying for a short-term business loan. Here are some of the things that can help in avoiding problems while applying for business loans.

Know the use

Before applying for a loan, it is necessary to know the purpose or use of the money. The reason why knowing the purpose is important is because there should be a plan on how the money will be used and how the business will settle the amount within the decided time frame.


It is very essential for a business to consider the total amount repayable, as the interest rates are higher in short-term business loans as compared to normal or regular loans. While looking for the use of a loan, it is also important to consider the repayment.

Impact of Credit score

Short-term business loans are available for all businesses with low credit scores, but the low score can impact the loan in many ways. While applying for the loan it is important to check the details before so that you as a business owner can plan beforehand.

A low credit score can affect the interest rate at which the business will get a loan. Knowing the credit score before will help in understanding the estimate of the rates and other terms of the loan.

Right lender

Once you will understand the need and urgency of the loan, you should look for lenders available. Instead of going for the first lender, take your time and research for the required factors as you might need flexibility which every lender might not offer. Besides, check the requirements that the lender asks for.

Compare offers:

As a business owner you may get multiple options, but from all the options it is important to choose the right one. In order to do that, you need to check all the offerings along with the interest rates that are offered. After considering each aspect you can easily decide which lender is ideal for your short-term business loan.
All the above points are essential for a business to consider while applying for a short-term business loan which could be a stressful task. We at Broc Finance do ongoing research on loan products available with the lenders and endeavor to find the best loan options for our customers. So instead of going through all the leg work, share your requirements with us and we will assist in getting the right loan option for you.

The Pros and Cons of Short-term Business Loans

There are positives and negatives of every loan, below we have shared some of the pros and cons of a short-term business loan which can help you in taking the right decision for your business.



Situations where a Short-Term Business Loan can help

Urgent Finding Requirement

For any business, it is important to maintain adequate cashflow for the smooth functioning of the business. While there are times when the business may require urgent funding to fulfill some order or pay wages. In such cases, the business can simply apply for a short-term business loan and get funding within the same day. 

Seasonal Requirement

There are many retail businesses which witness seasonal fluctuations (e.g., clothing retail during Christmas). During this period, it is important for the business to maintain adequate stock to meet the high demand. During this period, a short-term business loan can come really handy.

Bridging Finance

There are many retail businesses which witness seasonal fluctuations (e.g., clothing retail during Christmas). During this period, it is important for the business to maintain adequate stock to meet the high demand. During this period, a short-term business loan can come really handy.

Past Bad Credit History

Generally, lenders hesitate to fund your business if you have had a bad credit history in the past. However, there are lenders who are happy to give a second chance by starting with a short-term business loan for 3-6 months. Timely repayment also helps in building your credit score.

Recent Case Studies

Industry: Clothing and apparel

Loan Amount: $75,000

Term: 6 Months

Trading Time: 12 Months

Situation: After 4 months of lockdown period, it was finally Christmas time and John who owns a clothing retail store did not have sufficient stock to meet the huge demands during this period. The customer approached us for a quick business loan for a shorter term.

Action: Our lending specialist assessed the client’s cashflow situation and pitched the application with some additional strengths of the business.

Result: We were able to get the client approval within 2 hours and funds were into his account the same day. This helped him to procure stocks in a timely manner and earn good profits during the festive season.

Industry: Real Estate

Loan Amount: $615,000

Term: 12 Months

Trading Time: 2 Months

Situation: Michael was planning to purchase a property by selling one of his other properties. Considering the sell would settle before purchase settlement, the customer had paid 10% deposit as well for the property. Unfortunately, due to some unforeseeable circumstances, the sell settlement got pushed to another 3 months. Now client was looking for an urgent short-term funding to complete his purchase transaction to avoid losing his deposit. The client approached us to help him with an urgent short-term funding.

Action: Our lending specialist understood his situation and suggested to go for a short-term bridging finance which can rightly fulfill his needs. We were able to get a letter of offer within a couple of days.

Result: The client was happy to proceed with the offer and got his purchase settled on the due date which in turn saved him from losing the 10% deposit for the property. Construction line business requires strong

What Our Clients Say

Based on 46 reviews
Ajay Kanumuri
Ajay Kanumuri
I would strongly recommend. Saroj Shah helped to get my loan with in span of three days. He was very supportive and clearly explained the loan process.
Abhishek Chhugani
Abhishek Chhugani
Wonderful service by Saroj. Took care of my requirements for business loan. Turnaround time from application to disbursement was 2 days.
Atulkumar Patel
Atulkumar Patel
I don't want to miss this opportunity to say About Saroj Work that he just made it impossible job into possible , I have got loan of 1.5 million event though I have very low credit score . Great work , and highly recommend for any kind of loan issues.
jas singh
jas singh
Great services, great effort by Saroj.
Michael Banabakis
Michael Banabakis
Easy to deal with and nothing was a problem!!
Liesel Collings
Liesel Collings
The broker was super helpful and understanding. He knew I needed the loan in a rush and got me the best deal possible.
Aghar Tefera
Aghar Tefera
Fantastic service!! Very nice & helpful staff!! I had the best experience and got things done promptly and professionally! Thank you Broc Finance 😊!!
Nejatali Rotivand Ghiasvand
Nejatali Rotivand Ghiasvand
Very professional and always there to help you
Khanyi Moyo
Khanyi Moyo
Thank you. This was a great experience with a team that takes time to ask what your needs are then help you find the best deal.
Mai Yang
Mai Yang
Absolutely wonderful service! Saroj was amazing with keeping us up to date with our loan application which was approved quickly without any hassle. I would definitely recommend Broc Finance!

FAQ's About Short Term Business Loans

Short-term business loans help in catering to the instant or short-term business requirements. There are no boundaries on how the business spends the loan amount, it can be utilized for any business need.

Yes, it is possible for a business with low credit score to get a short term business if there are no outstanding defaults. In fact, a short-term business loan is the right product which gives business owners with a past bad credit history to build back their credit.

A short-term business loan can be availed for a duration ranging from 3-24 months. The term depends on the overall risk assessment of the business by the lender.

Applying for a short-term business loan is easy. Businesses can simply submit the application form along with the required documents. Once the documents are submitted, we can get an approval in as low as 24 hours.

We will work with you

to overcome approval related hurdles

by getting your asset finance, property finance and unsecured business loans, without the frustrations of the bank process.