short term loan provided for
Answers
Answer:
short term loan is a type of loan that is obtained to support a temporary personal or business capital. It can be used to increase value across a wide range of categories, such as financial, social, physical, intellectual, etc. In business and economics, the two most common types of capital are financial and human.
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Explanation:
Short-term loans provide quick cash when your cash flow is lacking, have shorter repayment periods than traditional loans and are an extremely attractive option for small businesses that are not yet eligible to apply for a line of credit from a bank
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