Common Contracts
1 similar Short Term Loan Agreement contracts
Short term loan agreement pdfShort Term Loan Agreement • March 25th, 2021
Cash flow is a critical part of any business. Even the most disciplined saver can come up short from time to time, though. If you’re running low on cash, a short-term loan might be just what you need. You can use the loan proceeds to get caught up on expenses, invest in equipment or consolidate expensive debt. Keep in mind that short-term loans have their drawbacks as well, and you should review all your short-term and long-term financing options before moving forward. A short-term loan example might be a $10,000 loan with a 12-month repayment period. 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. Since the repayment period is short, the required weekly or monthly payments could be steep. The term of a loan is how long you have to pay it back. With many loans, you can make extra payments t
