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
Choose your business loan type
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Funding Hut Short Term Business Loans
- Secure funds within 24 hours
- No security on assets or debenture on business required
- Available for any purpose
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Minimum Turnover
£50,000 p.a.
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Available Amounts
£10,000 to £350,000
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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
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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
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Minimum Turnover
No minimum
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Available Amounts
£25,000 to £200,000
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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
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EJ Finance
- Application-to-offer within 24 hours
- To be contacted within 3 minutes of applying
- Access to over 200+ lenders, covering all sectors
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Minimum Turnover
£50,000 p.a.
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Available Amounts
£10,000 to £10,000,000
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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
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Funding Circle
- 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
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Minimum Turnover
£200,000+ p.a.
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Available Amounts
£50,001 to £500,000
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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)
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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
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Minimum Turnover
£50,000 p.a.
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Available Amounts
£1,000 to £10,000,000
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Available Terms
3 months to 6 years
Company details
Eligibility criteria
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Fluidly
- 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
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Minimum Turnover
£100,000 p.a.
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Available Amounts
£50,000 to £10,000,000
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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
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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
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Minimum Turnover
£60,000 p.a.
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Available Amounts
£5,000 to £500,000
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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
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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
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Minimum Turnover
£150,000+ p.a.
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Available Amounts
£10,000 to £10,000,000
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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
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Selina Finance Business Loans
- 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
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Minimum Turnover
£30,000 p.a.
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Available Amounts
£25,000 to £1,000,000
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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
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365 Business Finance
- A flexible business funding alternative
- Cash advanced against card transactions
- Pay back an affordable % of your card transactions
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Minimum Turnover
£5,000+ card transactions per month
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Available Amounts
£5,000 to £200,000
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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.
Suppliers that don't offer Short Term Business Loans but may offer suitable alternatives:
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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.
Featured articles
Featured brands
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365 Business Finance Business Loans
Merchant cash advance provider offering unsecured finance to small and medium size businesses that accept credit/debit card payments.
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B2Bfinance.com Business Loans
B2Bfinance.com is a commercial finance brokerage, established in 2005, that covers a wide range of product types and lenders.
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EJ Finance Business Loans
Broker offering access to over 200 lenders, covering all sectors and business types.
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Fleximize Business Loans
Flexible business loans with secured and unsecured borrowing options and dedicated support for customers.
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Fluidly Business Loans
Tailored funding on a range of commercial finance products for all types of business.
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Funding Circle Business Loans
Commercial peer-to-peer platform that connect businesses in need of funding to willing investors.
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Funding Hut Business Loans
FCA-authorised broker offering a range of finance types and a quick application process.
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Nucleus Business Loans
Launched in 2011, Nucleus Commercial Finance is a specialist business lender that offers a range of loan types from asset funding to property finance.
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Portman Asset Finance Business Loans
Business finance broker with specialist sector experience to offer fast and flexible finance solutions.
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Selina Finance Business Loans
Flexible credit lines products, available for a number of commercial uses, secured against the borrower’s personal property.
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The Start Up Loans Company (British Business Bank)
A subsidiary of the British Business Bank, the Start Up Loans Company was created to provide funding for new businesses.
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Swoop Funding Business Loans
Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating.
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