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What are Short Term Business Loans?

01 December 2014

Short term or bridging loans are an efficient and necessary source of revenue for businesses. There may be an unexpected shortfall, or a rapid expansion of stock or labour, or there may be a slow paying customer. Whatever the reason businesses require short term funding.

Such loans support the business during difficult times and allow it to grow without being held back due to capital restrictions. Businesses can also establish a line of credit and have funds available to draw down at any time. Once established the line of credit costs nothing to maintain. Businesses only pay interest when the funds are drawn down and used by the business.

A borrower can repay the loan at any time without penalty. Crown and Gleeson Business Finance have no minimum terms and no penalty for early repayment.

A company’s immediate need for cash can be easily met by the quick and flexible finance solutions offered by Crown and Gleeson. Through these funding solutions, businesses can thrive and survive the normal challenges faced by all businesses.

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