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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Last updated on 06 May 2022.

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.

Compare business loans

4 products found

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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

See Deal + More info
Company details
- Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating
- Free access every type of finance including the Recovery Loan Scheme
- Online management allows you to find funding opportunities and track applications
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
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

See Deal + More info
Company details
- Access 70 lenders from one simple funding request
- Easily compare the choices available, including RLS options
- Apply with confidence, no impact on your credit score
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
Cubefunder Short Term Business Loans

Only available to Limited Companies in England and Wales with 3+ months' trading.

Borrow up to £100,000 on a short term for any business purpose

No penalty fees, only pay for the time you use the loan

Flexible, tailored repayment schedule to fit in with your cash flow
Minimum Turnover
£50,000 p.a.

Available Amounts
£5,000 to £100,000

Available Terms
3 months to 1 year

See Deal + More info
Company details
- Fast and Flexible funding from £5,000 - £100,000 for Limited Companies within England and Wales
- No penalties for Late payments or Early repayment
- Apply and receive funds within 48 hours
Eligibility Criteria
- Must have a minimum Turnover of £4,000 per month
- Must have been trading for at least 3 months
- Must be a Limited Company trading within England and Wales
- Must have a UK Business Bank Account
- Director must control shares
- Up to 3 Directors (tolerance)
Broker
JD Capital Finance Short Term Business Loans

Business funding with terms of up to 2 years

A panel of commercial loan providers to choose from

Speedy application and funding
Minimum Turnover
£100,000 p.a.

Available Amounts
£10,000 to £1,000,000

Available Terms
3 months to 2 years

See Deal + More info
Company details
- Business finance broker working directly with businesses and their trusted advisors
- Quick and simple process – decisions and funds deposited same day
- 5-Star Trust Pilot Reviews – 50+ years combined market experience
Eligibility Criteria
- Limited Companies only
- Must have a minimum of 12 months trading history

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

Nationwide Finance Business Finance

Nationwide Finance help 35,000 businesses get finance each year

Direct funder - not a broker

Same day decision, funds within 24 hours
Minimum Turnover
No minimum

Available Amounts
£10,000 to £500,000

Available Terms
1 to 5 years

See Deal
Company details
- Nationwide Finance help 35,000 businesses get finance each year
- Direct funder - not a broker
- Same day decision, funds within 24 hours
Eligibility Criteria
- Nationwide Finance help 35,000 businesses get finance each year
- Direct funder - not a broker
- Same day decision, funds within 24 hours
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

See Deal
Company details
- 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
Eligibility Criteria
- 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
Broker
Puzzle Funding

YOUR BUSINESS MUST HAVE A MINIMUM OF 6 MONTHS’ TRADING HISTORY

Free service matches your business with over 100 lenders in seconds

Apply in 3 minutes and get funds in as little as 1 hour

High acceptance rate
Minimum Turnover
£100,000 p.a.

Available Amounts
£1,000 to £15,000,000

Available Terms
1 month to 25 years

See Deal
Company details
- Free service matches your business with over 100 lenders in seconds
- Apply in 3 minutes and get funds in as little as 1 hour
- High acceptance rate
Eligibility Criteria
Capify

Your business must have a minimum of 1 years trading history. No sole traders.

Capify loans are paid back in very small automated regular payment; either daily or weekly

A fast and easy business funding alternative for SMEs

Funds can be used for any business purpose, from managing cashflow through to improving technology
Minimum Turnover
£120,000 p.a.

Available Amounts
£5,000 to £500,000

Available Terms
3 to 18 months

See Deal
Company details
- Capify loans are paid back in very small automated regular payment; either daily or weekly
- A fast and easy business funding alternative for SMEs
- Funds can be used for any business purpose, from managing cashflow through to improving technology
Eligibility Criteria
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
3 months to 4 years

See Deal
Company details
- 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
Eligibility Criteria
iwoca

Flexible finance for small businesses from £1000 to £200,000

No long term commitments and flexible repayments to fit for your business

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

See Deal
Company details
- Flexible finance for small businesses from £1000 to £200,000
- No long term commitments and flexible repayments to fit for your business
- Apply online in minutes for a decision (some decisions may take up to 24 hours)
Eligibility Criteria
- Flexible finance for small businesses from £1000 to £200,000
- No long term commitments and flexible repayments to fit for your business
- Apply online in minutes for a decision (some decisions may take up to 24 hours)
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
£10,000+ card transactions per month

Available Amounts
£10,000 to £300,000

Available Terms
4 to 18 months

See Deal
Company details
- Get between £10,000 and £300,000
- 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 £10,000 per month in card transactions.

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