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
2 products found
  • Funding Xchange Short Term Business Loans logo
    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
  • Swoop Funding Short Term Business Loans logo
    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
  • Suppliers that don't offer Short Term Business Loans but may offer suitable alternatives:

    • EJ Finance logo
      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
    • Funding Circle logo
      Peer To Peer

      Funding Circle

      • Your business must have a minimum of 2 years’ trading history
      • A leading UK platform for Small Business Loans
      • Simple online application and decisions in as little as 1 hour
      • Rates from 2.9% to 12.1% per year - No early settlement fees
      • Minimum Turnover
        No minimum
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        2 to 6 years
    • Nationwide Finance Business Finance logo

      Nationwide Finance Business Finance

      • Nationwide Finance help 35,000 businesses get finance each year
      • Direct funder - not a broker
      • Same day decision, funds within 48 hours
      • Minimum Turnover
        No minimum
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        1 to 5 years
    • Puzzle Funding logo
      Broker

      Puzzle Funding

      • Puzzle’s free service matches your business with over 100+ lenders in seconds
      • Complete your application within 3 minutes and receive funds in as little as 1 hour
      • High Acceptance Rate
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £1,000 to £15,000,000
      • Available Terms
        1 month to 25 years
    • THINK Business Loans logo
      Broker

      THINK Business Loans

      • YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE
      • 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
    • iwoca logo

      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
    • 365 Business Finance logo

      365 Business Finance

      • Your business must process credit and debit card transactions to apply for this product
      • A flexible business funding alternative
      • Cash advanced against card transactions
      • Pay back an affordable % of your card transactions
      • Minimum Turnover
        £5,000+ card transactions per month
      • Available Amounts
        £5,000 to £200,000
      • Available Terms
        4 to 18 months
    • MarketFinance logo

      MarketFinance

      • Fast, flexible, frictionless business finance
      • Helping SMEs secure working capital since 2011
      • Various funding solutions available to meet all business needs
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £5,000 to £50,000
      • Available Terms
        3 months to 1 year
    • Fleximize logo

      Fleximize

      • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
      • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
      • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
      • Minimum Turnover
        £60,000 p.a.
      • Available Amounts
        £5,000 to £500,000
      • Available Terms
        1 month to 4 years
    • NatWest Rapid Cash - Invoice Finance logo

      NatWest Rapid Cash - Invoice Finance

      • Eligibility Criteria Apply
      • Rapid Cash is an innovative, high tech solution to business financing
      • Borrow against your unpaid invoices and get a flexible line of credit from £25,000 to £1 Million
      • You could be approved within 48 hours. Security and guarantee required. Fees may apply
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £25,000 to £1,000,000
      • Available Terms
        No min/max terms
    • Portman Asset Finance logo
      Broker

      Portman Asset Finance

      • Business finance broker with specialist sector experience, offering fast and flexible finance solutions
      • Access over 40 leading UK lenders
      • Over £750 million in funding provided to thousands of small-to-medium sized UK businesses
      • Minimum Turnover
        No minimum
      • Available Amounts
        £1,000 to £10,000,000
      • Available Terms
        Up to 5 years

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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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.

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