Business Loans
Short Term Business Loans

Compare Short Term Business Loans

Various types of business finance are available with terms of under 12 months
Short term loans can be used many purposes including unexpected costs and cash flow problems
We can help you compare short term funding options from business loans specialists

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Asset Financing Secure finance against your assets

Bridging Loans Short term property backed finance

Secured Loans Loans secured against assets of the business

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4 products found

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Broker
Funding Xchange Short Term Business Loans

Discover instant & personalised short term finance offers for your business in just 3 minutes

Compare Business loan options from 45+ lenders, including exclusive deals, to save you time

Never pay more than direct & funding can be accessed in less than 24 hours
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £1,000 to £250,000
- Available Terms
  1 to 12 months
Company details

Funding Xchange’s free service matches your eligibility against over 50 lenders in seconds

Complete your application online in as little as 3 minutes and you could get funded in a few hours

It's simple, safe and free and the search won’t affect your credit rating

Eligibility criteria

Your business must have been trading for a minimum of 2 years

Your business must have an annual turnover of at least £100,000
See Deal More info
Broker
Swoop Funding Short Term Business Loans

Short-term business finance with terms up to one year

Secured and unsecured options available

Quick access to funds
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £3,000 to £600,000
- Available Terms
  1 month to 1 year
Company details

Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating

Experts in CBILS – borrow from £50k to £250k with no personal guarantee, no fees, no repayment for 12 months, no early settlement fee

Speak to Swoop's team of experts – five-star Trustpilot rated

Eligibility criteria

Must be based in the UK

Must have an annual turnover of £50,000+

Must have been trading for 12 months or more
See Deal More info
Broker
Funding Hut Short Term Business Loans

Secure funds within 24 hours

No security on assets or debenture on business required

Available for any purpose
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £10,000 to £350,000
- Available Terms
  1 month to 5 years
Company details

Specialist broker offering a range of business finance services

Quick and easy online application process

Authorised by the Financial Conduct Authority (FCA)

Eligibility criteria

Must have been trading for at least 12 months

Must have a minimum of 1 year's financial statements available
See Deal More info
Nucleus Short Term Business Loan

Hassle-free, unsecured, commercial loans for 3 months to 3 years

Fast – Quick decisions, receive your funding in 24 hours

Suitable for various business needs
- Minimum Turnover
  No minimum
- Available Amounts
  £25,000 to £200,000
- Available Terms
  3 months to 3 years
Company details

Fast service - receive your funding in 24 hours

Unsecured and secured business loans

7 products tailored to your business

Eligibility criteria

Proven profitability in recent accounts

Minimum 3 years trading history

Company registered in England and Wales

Homeowner in England and Wales
See Deal More info

Suppliers that don't offer Short Term Business Loans but may offer suitable alternatives:

Broker
THINK Business Loans

Find the right loan to suit your needs from a range of finance types

Check your eligibility without a credit check

Dedicated FCA regulated experts on hand to support your application
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £50,000 to £10,000,000
- Available Terms
  1 to 10 years
Company details

Find the right loan to suit your needs from a range of finance types

Check your eligibility without a credit check

Dedicated FCA regulated experts on hand to support your application

Eligibility criteria

Find the right loan to suit your needs from a range of finance types

Check your eligibility without a credit check

Dedicated FCA regulated experts on hand to support your application
See Deal
Broker
EJ Finance

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  1 months to 10 years
Company details

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors

Eligibility criteria

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors
See Deal
Ignite

Your business must be trading for 24 months or more

Unsecured, flexible funding available for small businesses

Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £3,000 to £500,000
- Available Terms
  3 months to 10 years
Company details

Specialist provider of mutlidrawdown credit facilities

Unsecured, flexible funding available for small businesses

Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved

Eligibility criteria

Specialist provider of mutlidrawdown credit facilities

Unsecured, flexible funding available for small businesses

Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
See Deal
Broker
Fluidly

YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including Recovery Loan Schemes, unsecured and asset financing
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £50,000 to £10,000,000
- Available Terms
  1 to 10 years
Company details

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including Recovery Loan Schemes, unsecured and asset financing

Eligibility criteria

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including Recovery Loan Schemes, unsecured and asset financing
See Deal
Lombard

Lombard specialises in business car finance

Lombard offers a comprehensive range of asset finance solutions

A simple finance solution with a credit decision in 24 hours for transactions up to £150,000

Security, guarantees or indemnities may be required. Product fees may apply. Finance is subject to status and is only available for business purposes
- Minimum Turnover
  No minimum
- Available Amounts
  Up to £150,000
- Available Terms
  1 to 7 years
Company details

Lombard is one of the UK’s oldest and largest asset finance partners

They have helped thousands of businesses invest in their future’s every day

Lombard have won Best Leasing and Asset Finance Provider at the Business MoneyFacts Awards every year from 2009 to 2018

Eligibility criteria
See Deal
Fleximize

Voted "Best Business Finance Provider" at the British Bank Awards 2020

Industry-leading flexibility - top-ups, repayment holidays, no hidden fees

Interest charged on a reducing balance, repay early and only pay for the time you had the loan

Rates from 0.9% per month (10.8% per annum), with no additional fees
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £5,000 to £500,000
- Available Terms
  3 months to 4 years
Company details

Voted "Best Business Finance Provider" at the British Bank Awards 2020

Industry-leading flexibility - top-ups, repayment holidays, no hidden fees

Interest charged on a reducing balance, repay early and only pay for the time you had the loan

Apply online in minutes, receive funds in as little as 24 hours.

Eligibility criteria

Minimum annual turnover of £60,000 p.a.

Borrow between £5,000 and £500,000

Business activities must be UK-based and impacted by Covid-19
See Deal
iwoca

Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies

No fees or long term commitments

Apply online in minutes for a decision (some decisions may take up to 24 hours)
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £1,000 to £200,000
- Available Terms
  up to 12 months
Company details

Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies

No fees or long term commitments

Apply online in minutes for a decision (some decisions may take up to 24 hours)

Eligibility criteria

Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies

No fees or long term commitments

Apply online in minutes for a decision (some decisions may take up to 24 hours)
See Deal
Broker
Portman Asset Finance

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated Recovery Loan Scheme account managers
- Minimum Turnover
  £150,000+ p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  Up to 5 years
Company details

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated Recovery Loan Scheme account managers

Eligibility criteria

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated Recovery Loan Scheme account managers
See Deal
Start Up Loans (British Business Bank)

Interest rate of fixed 6% per annum

Receive business mentoring and support after drawing down your loan

No application fees or early repayment fees
- Minimum Turnover
  No minimum
- Available Amounts
  £500 to £25,000
- Available Terms
  1 to 5 years
Company details

Start Up Loans is a Not-For-Profit Company offering a finance and mentoring solution to start and grow a business

Start Up Loans have helped over 40,000 businesses get started in the UK

Free application support

Free post-loan business mentoring

Eligibility criteria

Business is based in the UK

Trading for under 24 months

18 years and over
See Deal

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Published on 05 February 2019. Last updated on 30 March 2021.

Short-Term Business Loans FAQ

What is a short-term business loan?

A short-term business loan is any business loan that is provided over a short amount of time – usually a period of less than a year. Short-term business loans come in several different forms, so it’s important to do some research to compare the different terms of short-term business loans to find the right one for you.

Who might want to take out a short-term business loan?

Plenty of business owners want to access cash to help them deal with cash flow problems, to help them through seasonal variations or even to make the most of an opportunity. If you are hit with an unexpected expense, such as a tax bill, for example, a short-term loan could help. Short-term business loans can provide a solution to a number of different business-related problems but whether it is the best choice for you will depend on your circumstance and ability to pay it off in the specified time frame.

How much does a short-term loan cost?

The cost of borrowing a short-term business loan varies depending on a range of factors. These include the amount you borrow, the type of loan, the term over which you are repaying the loan and, of course, the interest rate you are being charged.

What should I consider when choosing a short-term business loan?

When you are considering which short-term business loan to take, it’s important to think about the number of weeks or months over which you will need the money. Think about how quickly you can repay the loan and how much you can afford to repay each month. Also, consider what interest rate the provider is charging on the loan and how much the entire amount to be repaid will be.

I have a bad credit record, can I access a short-term loan?

Yes, many short-term loan providers offer financing solutions for businesses and business owners with bad credit. However, there may still be lending criteria that you must meet, so make sure you do your research before applying.

How much can I borrow through a short-term lender?

This will vary depending on the provider. The amounts available are often less than for longer-term loans and interest rates can be higher.

Aside from a standard loan structure, what other forms of short-term loan are there?

There are a number of short-term loan structures, such as invoice financing, which allows business owners to borrow cash against the value of their unpaid invoices. Another can be credit lines, which allow you to draw down cash as and when you need it and only pay interest on the amount you use. Cash advance loans are another form of short-term loan, which allows you to borrow cash and repay it through your card machine as you take payments from customers. Each type of short-term loan needs careful consideration before you decide to take them out and you need to think about affordability as well as whether you fulfil the provider’s lending criteria.