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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EJ Finance Business Loans

Broker with over 12 years’ specialist business finance experience
Access to every CBILS lender in the UK
Alternative SME market options available if you don’t require or don’t qualify for CBILS

See Your Loan Options

Choose your business loan type

Business Loans All business loan types

Asset Financing Secure finance against your assets

Bridging Loans Short term property backed finance

Secured Loans Loans secured against assets of the business

CBILS Coronavirus Business Interruption Loan Scheme

2 products found

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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
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
Peer To Peer
Funding Circle

Funding Circle currently only offers CBILS and BBLS loans

Borrow £50,001 to £500,000 with the Government's CBIL scheme

Nothing to pay until 2022 - No upfront fees - No early settlement fees

Simple online application & decisions in as little as 5 hours

Rates between 1.8% and 7.4% APR
- Minimum Turnover
  £200,000+ p.a.
- Available Amounts
  £50,001 to £500,000
- Available Terms
  2 to 5 years
Company details

Funding Circle, supporting small businesses for over 10 years

Used by over 57,000 UK businesses

All Funding Circle do is small business, as a result 9 out of 10 of their businesses would come back first next time

Eligibility criteria

UK-based business - 3 years of trading history - Adversely affected by coronavirus

Loan primarily for trading in the UK

Annual turnover from £200K+ up to £45 million - Over 50% of turnover from trading activity (e.g. not from investments)
See Deal
Broker
Swoop Funding

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
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £1,000 to £10,000,000
- Available Terms
  3 months to 6 years
Company details

Eligibility criteria
See Deal
Broker
Fluidly

Your business must be trading for 12 months or more to apply with us

Instantly see funding products your business is eligible for, from across the market (no credit checks)

A dedicated 5-star rated Funding Specialist on hand to support your application end-to-end (no hidden fees)

Range of products available including CBILS, unsecured loans 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 CBILS, 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 CBILS, unsecured and asset financing
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
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 CBILS specialist 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 CBILS specialist 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 CBILS specialist account managers
See Deal
Selina Finance Business Loans

Your loan must be secured against a residential property

Specialist digital lender offering secured business loans and flexible credit lines

Apply online and get a personalised loan offer in just 15 minutes

Secured loans with no fees or early repayment charges
- Minimum Turnover
  £30,000 p.a.
- Available Amounts
  £25,000 to £1,000,000
- Available Terms
  6 months to 30 years
Company details

Specialist digital lender offering secured business loans and flexible credit lines

Apply online and get a personalised loan offer in just 15 minutes

No fees or early repayment charges

Eligibility criteria

Secured property must be residential and have an active mortgage

Residential property must have a value of more than £50,000

Homeowner must be based in England, Wales, Scotland or Northern Ireland
See Deal
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
Company details

Get between £5,000 and £200,000

Pay back through your customer card transactions

A single all inclusive charge that never changes

No interest, APRs or hidden extras

Eligibility criteria

Your business must have been trading for at least 6 months

Your business must accept debit and credit card payments

Your business must take at least £5,000 per month in card transactions.
See Deal

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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.