Short Term Business Loans
in Australia

Up to $1 million received the same day

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Short term business loans explained: what is a short term business loan?

The Pros and Cons of Short Term Business Loans

Pro's

  •  Provides fast access to capital that you can use to remedy your most pressing business issues.
  •  Usually receive approval within 24 hours, some specialist lenders like Max Funding, can even provide pre-approval in minutes.
  •  Businesses with poor credit histories may still be able to access a short-term loan.

Con's

  •  The fast approval process often means that short-term loans come with higher interest rates than long-term loans.
  •  Some short-term lenders offer inflexible repayment conditions, make sure you consider all of your options to avoid inflexible repayment schedules.

How do short term business loans benefit small business?

In a short-term, there is less total interest payment compared to a longer-term loan

It is a source of quick capital, it can help small businesses with their working capital flow and allow them to dedicate their focus to more areas of the business.

Credit score booster, short term loans are faster to pay off the due amount. By paying the loan on time, the results for an improved credit score is almost instant.

Generally, short term loans are faster to pay off the due amount. By paying the loan on time, the results for an improved credit score is almost instant.

Short Term Business Loans Long Term Business Loans
Loan Terms 3 to 18 month 3 to 20 years
Interest Rate Higher interest rates Lower interest rates
Credit score No good credit score required Good credit score required
Features
  • Maintain cash flow gaps
  • Quick fund arrangement
  • Flexibility
  • Easy repayment option
  • Cash flow maintenance
  • Minimize investor interference
  • Leasing
  • Build credit history

4 Scenarios Where Short Term Business Loans Can Help

Start-Up Businesses. Brand new businesses often can’t offer much in the way of security for a long-term loan. They also have to deal with set-up costs that more established businesses don’t have to worry about. These initial costs can place a huge burden on the start-up. Short-term business loans can alleviate that burden and provide a start-up with the capital needed to get up and running.

Fast-Growing Businesses. Rapid business expansion may occur if you achieve unexpected success. While this is a boon to the business, it also adds pressure to your operations. You may need to hire new people, buy new equipment, and set up more infrastructure to keep pace with the growth. A short-term business loan provides the capital needed. You can then rely on the growth of the business to help with the repayments.

Businesses with Cash Flow Issues. Many small businesses rely on timely invoice payments from their clients. Any delays could lead to cash flow issues that prevent them from paying their own bills. Moreover, chasing delayed payments could lead to the business facing legal costs. A short-term business loan can help such businesses remain solvent while they get their cash flow situations in order. One of Max Funding’s clients used a short-term loan for this very purpose. Poised to buy a new premises, the client experienced cash flow hiccups as the purchase drew to a close. Max Funding helped them to secure a short-term loan of $885,000 so they could complete settlement.

Businesses in Emergency Situation. Often, the source of your money issues may not stem from business-related issues. Emergency situations can lead to you needing access to money quickly to remedy them. For example, hardware and maintenance issues could prevent the business from operating. Your funds may not cover the repair costs, which would leave the business unable to generate income. A short-term business loan can remedy the immediate problem to ensure the business stays in operation.

Why are Max Funding short term business loans better?

At Max Funding, we pride ourselves in being a short-term business financing specialist that caters to all small to medium enterprises in Australia.

Here is why we stand out:

Whether you are looking to purchase equipment, expand your business or looking to relieve working capital, a short-term business loan is a wise financing choice. Our loans enable readiness, durability and flexibility. Even if you do not expect something to happen, extra cash flow may be a wise choice.

Our loans are fast and easy to approve. Obtain funding within just 24-48 after your loan application.

We have helped clients all around Australia, whether you are in Melbourne, Sydney, Brisbane or Adelaide, we can help.

Recent Cases


Client Name: Michael Rilley
Industry: Construction
Loan Amount: $110,000
Terms: 9 months

Situation: Michael’s construction business was bidding for a big contract with a telecommunications company. However, his staff needed to undergo a specific training to be able to do this job and Michael currently didn’t have the necessary funding to afford it.

Solution: Max Funding was able to give Michael a quick loan approval and he was able to send his staff through training, which lead to him landing the big contract and further grow his business.


Client Name: Jasmine Wynack
Industry: Retailer
Loan Amount: $375,000
Terms: 12 months

Situation: Jasmine was currently in the middle of arranging a large loan for her business; however the processing of the other lender was taking longer than she expected. Her business started to suffer and was in urgent need of funding to pay her bills.

Solution: Max Funding were able to approve her loan with minimal processing time and Jasmine was able to keep her business from going in the red. On top of that, when Jasmine received the funds from the other slower lender, she was able to pay off her loan with Max Funding and save on half of the unpaid interest, with no penalty fees.

Boost Your Business Now

Grant short term business loan today from Max Funding

Max Funding specialises in providing short term business loans to business owners across all over Australia. Typically, banks and other lenders will tend to require more time to process your loan application for short term business funding. However, at Max Funding, we pride ourselves in our engagement of being invested into helping our client’s situation. Our friendly team is always ready to help your business reach the next stage. Fill out the application form, and get your business funding today!

How to apply for a short term business loans?

To apply for short-term business funding, it’s easy.

  1. Fill out the online pre-approval which only takes 5 minutes to complete.
  2. Our dedicated team at Max Funding, will give you an instant approval decision upon completing your online application form. All that is required of you is to upload a few basic documents for verification.
  3. If you are a successful loan applicant, the funds can be transferred to you within just 24 hours. Furthermore, you can obtain access to additional funding at any time with your free line of credit.

You’ll be amazed at how easy it is to apply for a loan through our website. Filling out the pre-approval form places you under no obligation to continue with the loan process. And thanks to our advanced approval algorithms, we’re able to provide you with a decision in approximately five minutes.

The essential short-term business loan checklist

As with any loan, poor preparation can lead to you running into issues. Use this checklist to ensure you’re ready to take out a loan and avoid any problems.

  1. Know exactly what you'll use the loan for
  2. It’s not a good idea to apply for a loan when you have no direct purpose. You may feel like you want some capital ready for the “just in case”. But you’ll end up repaying the money that you’ve borrowed without ever using it for anything useful.

    A short-term business loan may not be the best choice if you have no immediate plans for the cash. Instead, it’s best to outline the exact ways that you’ll use the money. Of course, many lenders will also want to know the purpose of the loan. If you can’t provide one, they’re likely to refuse your application.

    There’s an added benefit to doing this. Listing the reasons why you need the money also gives you time to determine the exact cost of each issue you identify. This means you can apply for exactly the amount you need.

  3. Ensure you have the means to repay
  4. Generally speaking, you’ll pay more interest in total on a short-term loan than a long-term one. Moreover, the shorter term usually means that you have higher monthly repayments to deal with.

    None of that will be an issue as long as you know you have the means to repay. For example, you may take out the loan to keep the business going because your clients haven’t paid their invoices on time. In that situation, you know you have money coming in that you can use to handle the repayments.

  5. Check your credit rating
  6. You can usually access short-term loans even if you have a poor credit rating. However, a lower rating could lead to more stringent requirements. Plus, you may have to deal with a higher interest rate.

    As a result, it’s best to know where your credit rating stands before you apply. This gives you more reasonable expectations in relation to the terms of the loan.

  7. Find a suitable lender
  8. Research is the key here. Don’t just go with the first lender that you come across. Spend some time comparing different lenders. Aim for lenders that offer flexibility and fast approval. That’s what a Max Funding client found after working with us. An unexpected contract rescission left the client at risk of losing a business opportunity. Max Funding helped them to secure a $100,000 loan in less than 24 hours.

  9. Compare loan offers and features
  10. Checking interest rates is the obvious first step. But it’s also worth checking comparison rates, if you can find the figures. These rates tend to provide a more realistic view of the rate you end up paying.

    Ask the lenders about the specific features that they offer too. Keep in mind that short-term loans come with short repayment windows. Any lenders that offer more flexibility in this area should shoot to the top of your list.

    Also, consider the differences between fixed and variable interest rates. A fixed rate may work well if the current national interest rate is low. But you want to avoid fixing yourself into a high rate. A variable rate may be the best choice if you feel like the national rate will decrease during your loan period.

FAQs about Short Term Business Loans

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4.8 5

fast and personalised

Amazingly fast and personalised service.

5 5

Got funds the same day

Got funds the same day I applied. Unreal.

4.8 5

Thanks people.

Thanks people.

4.9 5

5 stars for service

5 stars for service.

4.7 5

Unparallel short term solution

Unparallel short term solution

5 5

Big thanks to the team

Big thanks to the team

5 5

Big thanks to the team

Thank you unreal service. Big thanks to the team

4.9 5

Extremely satisfied

Extremely satisfied

5 5

Very thankful

Very hard to get a short term start-up loan, but they did it for me.

4.8 5

Max Funding's service is exceptional

I don't hesitate to refer to my friends. Max Funding's service is exceptional

5 5

Expert in small business financing

Expert in small business financing