example of short term loans and advances
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Short-term bank loans. These loans often arise when a company sees an immediate need for operating cash. ...
Accounts payable. This refers to money owed to suppliers or providers of services. ...
Wages. These are payments due to employees.
Lease payments. ...
Income taxes payable.
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A short-term loan is a loan with a relatively short repayment period. For example, a short-term loan might be a $4,000 loan with a five-month repayment term. With a loan, you receive a lump sum of cash, and then you repay that loan with interest. ... With many loans, you can make extra payments to pay it off sooner.
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