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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Funding Circle Business Loans

Funding Circle, supporting small businesses for over 10 years
Borrow £50,001 to £250,000 with the Government's CBIL scheme
Nothing to pay for 12 months - No upfront fees - No early settlement fees

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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

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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

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

Peer To Peer
Funding Circle

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

Nothing to pay for 12 months - No upfront fees - No early settlement fees

Simple online application & decisions typically in 24 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
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
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
  £200,000 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
Asto

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances
- Minimum Turnover
  No minimum (must have positive cashflow)
- Available Amounts
  £150 to £150,000
- Available Terms
  6 to 12 months
Company details

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances

Eligibility criteria

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances
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
THINK Business Loans

THINK's funding platform matches your businesses eligibility against hundreds of lenders instantly (without a credit check)

THINK are the UK's leading business lending specialists; their experts are on hand to guide you through the process

Find the perfect loan in minutes - Make the lender work for you
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £25,000 to £10,000,000
- Available Terms
  1 month to 30 years
Company details

Eligibility criteria
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
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
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

Also for Business

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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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.