Short Term Business Finance

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Short-term Business Finance NZ
A LoansOne NZ Presentation
LoansOne.co.nz
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What is a Short-term Business Finance
Short-term business finance is a type of
financing that provides businesses with access to
quick funds for a specific purpose. Unlike
traditional loans, short-term business finance
does not require collateral, making it an
unsecured loan. While this type of financing can
be easier to obtain than secured loans, it is
typically more expensive due to the higher risk
that the lender takes on.
Short-term business finance is designed to help
businesses cover short-term expenses such as
inventory, marketing, or unexpected bills. It is
often used as a temporary solution to cash flow
issues, rather than a long-term financing option.
The repayment terms for short-term business
finance are shorter than traditional loans,
typically ranging from one to twelve months.
Overall, short-term business finance can be an
effective way for businesses to quickly access
the capital they need to meet their immediate
financial needs.
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Features of Short-term Business Finance
Short-term Business Finance typically does not
require collateral, allowing businesses to access
funds without putting their assets at risk.
The repayment terms for Short-term Business
Finance are often shorter than those for
traditional loans, allowing businesses to pay off
their debt more quickly and avoid long-term
financial commitments.
Short-term Business Finance often offers flexible
and cashflow-friendly repayment options, helping
businesses to manage their cash flow and invest
in growth opportunities without hindering their
operations.
What more could you ask for?
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Why Short-term Business Finance Are Important
Short-term business finance is important for
several reasons. Firstly, it provides businesses
with access to funds without requiring
collateral. This can be beneficial for businesses
that don't have valuable assets to use as
collateral, or for those who don't want to risk
losing their personal assets. Additionally,
short-term business finance can be easier and
quicker to obtain compared to traditional loans,
allowing businesses to respond to financial needs
more rapidly. Secondly, short-term business
finance can be an effective tool for building
credit history. By making timely payments on the
loan, businesses can demonstrate their
creditworthiness to lenders and potentially
qualify for better loan terms in the future.
Finally, short-term business finance provides
businesses with flexibility in terms of how they
use the funds. Whether it's to cover unexpected
expenses or invest in growth opportunities,
businesses have the freedom to use the funds in
ways that align with their unique financial goals
and needs.
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Who are Short-term Business Finance for?
Short-term business finance is ideal for
businesses that need financing quickly and do not
have collateral to secure a traditional loan.
These loans are especially helpful for small
businesses, startups, or businesses that have
been declined by traditional lenders. Short-term
business finance can be used for a variety of
purposes, such as working capital, inventory, or
equipment purchases. Additionally, they may be a
good option for businesses that need a fast and
flexible financing solution.
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The Myths of a Short-term Business Finance
Short-term business finance is a legitimate
source of funding, and there are no paper bags
filled with cash involved in the process. While
indicative interest rates can be provided, the
final rate will depend on your assessment and
other factors.
One common misconception about short-term
business finance is that it's always more
expensive than traditional bank loans. While it's
true that non-bank lenders may have higher rates
and costs, they can also offer faster processing
times and more flexible lending criteria. Another
myth is that short-term business finance is only
for businesses with bad credit. In reality,
short-term business finance can be a viable
option for businesses of all credit histories
that need quick access to funds.
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