{"id":29665,"date":"2023-09-22T11:13:08","date_gmt":"2023-09-22T11:13:08","guid":{"rendered":"https:\/\/swoopfunding.com\/au\/?page_id=29665"},"modified":"2024-03-22T00:53:22","modified_gmt":"2024-03-22T00:53:22","slug":"short-term-business-loans","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/au\/business-loans\/short-term-loans\/","title":{"rendered":"Short-term business loans"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"29665\" class=\"elementor elementor-29665\">\n\t\t\t\t<div class=\"elementor-element elementor-element-304208c8 e-flex e-con-boxed e-con e-parent\" data-id=\"304208c8\" data-element_type=\"container\" id=\"hero-title\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-51b6d961 e-con-full e-flex e-con e-child\" data-id=\"51b6d961\" 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.elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Short-term business loans<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-78405136 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"78405136\" data-element_type=\"section\" id=\"product-page\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-749f4150\" data-id=\"749f4150\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f562f9 uael-heading-align-left elementor-widget 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data-settings=\"{&quot;scroll_offset&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;115&quot;,&quot;sizes&quot;:[]},&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;],&quot;sticky_offset&quot;:&quot;130&quot;,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;scroll_offset_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;scroll_offset_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;scroll_offset_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_text_align&quot;:&quot;left&quot;,&quot;heading_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;content_between_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;sticky_effects_offset&quot;:0}\" data-widget_type=\"uael-table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"uael-toc-main-wrapper\" data-headings=\"h2,h3,h4\" >\n\t\t\t<div class=\"uael-toc-wrapper\">\n\t\t\t\t<div class=\"uael-toc-header\">\n\t\t\t\t\t<span class=\"uael-toc-heading elementor-inline-editing\" data-elementor-setting-key=\"heading_title\" data-elementor-inline-editing-toolbar=\"basic\" ><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-toc-toggle-content\">\n\t\t\t\t\t<div class=\"uael-toc-content-wrapper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t<ul data-toc-headings=\"headings\" class=\"uael-toc-list uael-toc-list-none\" data-scroll=\"500\" data-scroll-offset=\"115\" ><\/ul>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"uael-toc-empty-note\">\n\t\t\t\t\t<span>Add a header to begin generating the table of 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class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"Short-term business loans\",\n          \n          \"datePublished\": \"2023-09-22T11:13:08+00:00\",\n          \"dateModified\": \"2024-03-22T00:53:22+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Chris Godfrey\",\n              \"url\": \"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2021\/03\/chris-godfrey-author.png\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2021\/03\/chris-godfrey-author.png?is-pending-load=1\" alt=\"Chris Godfrey\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\"><\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/\">Chris Godfrey<\/a>. <span>Last reviewed on March 22, 2024<\/span>. <span>Next review due July 1, 2025.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2021\/03\/chris-godfrey-author.png\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2021\/03\/chris-godfrey-author.png?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Chris Godfrey<\/div>\n <div class=\"role-user\">Expert financial copywriter<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.<\/div>\n<\/div>\n\n<div class=\"modal fade modal-form modal-user\" id=\"modal-user\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"modal-user\" aria-hidden=\"true\">\n <div class=\"modal-dialog\" role=\"document\">\n\n <div class=\"modal-content\">\n <div class=\"modal-header\">\n <button type=\"button\" class=\"close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <span aria-hidden=\"true\">&times;<\/span>\n <\/button>\n <\/div>\n <div class=\"modal-body\">\n \n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2021\/03\/chris-godfrey-author.png\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2021\/03\/chris-godfrey-author.png?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Chris Godfrey<\/div>\n <div class=\"role-user\">Expert financial copywriter<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.<\/div>\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/christopher-godfrey-332198139\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"text-link\">Linkedin<\/span><i class=\"icon icon-linkedin\"><\/i><\/a><\/li>\n <li><a href=\"https:\/\/www.freelancewords.co.uk\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><span class=\"text-link\">Website<\/span><i class=\"icon material-icons\">web_asset<\/i><\/a><\/li>\n <\/ul>\n \n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c7103fc elementor-widget elementor-widget-text-editor\" data-id=\"1c7103fc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">Rising costs, <\/span><span style=\"font-weight: 400;\">late-paying customers<\/span><span style=\"font-weight: 400;\">, and a slowing economy are enough to put a dent in any business\u2019 cashflow and they\u2019re a major concern for most Australian SMEs. Add in unexpected emergencies, or a sudden boost in demand and it doesn\u2019t take much to push a successful business into difficulty. Fortunately, there\u2019s a solution to these problems \u2013 meet the <\/span><b>short-term business loan<\/b><span style=\"font-weight: 400;\"> \u2013 the fast and cost-effective way to support your working capital and keep your business running at full speed.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0f0c49 uael-heading-align-left elementor-widget elementor-widget-uael-table-of-contents\" data-id=\"d0f0c49\" data-element_type=\"widget\" id=\"table-of-content-column\" data-settings=\"{&quot;heading_text_align&quot;:&quot;left&quot;,&quot;heading_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;content_between_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"uael-table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"uael-toc-main-wrapper\" data-headings=\"h2,h3,h4\" >\n\t\t\t<div class=\"uael-toc-wrapper\">\n\t\t\t\t<div class=\"uael-toc-header\">\n\t\t\t\t\t<span class=\"uael-toc-heading elementor-inline-editing\" data-elementor-setting-key=\"heading_title\" data-elementor-inline-editing-toolbar=\"basic\" ><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-toc-toggle-content\">\n\t\t\t\t\t<div class=\"uael-toc-content-wrapper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t<ul data-toc-headings=\"headings\" class=\"uael-toc-list uael-toc-list-none\" data-scroll=\"\" ><\/ul>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"uael-toc-empty-note\">\n\t\t\t\t\t<span>Add a header to begin generating the table of contents<\/span>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-744897e5 question elementor-widget elementor-widget-heading\" data-id=\"744897e5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is a short-term business loan?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f3a9fa5 answer elementor-widget elementor-widget-text-editor\" data-id=\"7f3a9fa5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A short-term business loan is exactly what it sounds like \u2013 money that your business borrows and then pays back quickly \u2013 usually in less than one year. If you don\u2019t want your business burdened with long-term debt, short-term business funding can be a good alternative \u2013 just borrow what you need, pay the money back in short order, remove the liability from your balance sheet.<\/span><\/p><p><span style=\"font-weight: 400;\">Note that the application process for a short-term business loan may be less stringent than for loans of longer duration, and you may receive the funds you need far quicker. However, short-term loans typically cost more than long-term financing, and the maximum sum you can borrow may be smaller than for loans that are paid back over several years.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2142987c question elementor-widget elementor-widget-heading\" data-id=\"2142987c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How does a short-term business loan work?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44d653e9 answer elementor-widget elementor-widget-text-editor\" data-id=\"44d653e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It\u2019s a simple process:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complete the application process \u2013 usually done online<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provide basic information about your business\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Get approved<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Receive the money direct into your business bank account \u2013 often in 24 hours or less<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use the cash for almost any business purpose<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay the funds back via fixed weekly\/monthly payments or as a percentage of your business turnover<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clear the loan off in less than a year or take out a top-up to refill your loan account<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Most business borrowing will require a personal guarantee from the business owner(s) but depending on the type of short-term loan you take out, security (collateral) in the shape of a lien on business assets or property may also be required.<\/span><\/p><p><b>Top tip:<\/b><span style=\"font-weight: 400;\"> Lenders will typically check the credit status of the business, and the business owner(s). Don\u2019t get caught out by an error on your credit records. Always check your <\/span><span style=\"font-weight: 400;\">business<\/span><span style=\"font-weight: 400;\"> and personal credit scores before applying for a short-term loan.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87503e9 question elementor-widget elementor-widget-heading\" data-id=\"87503e9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who is a short-term business loan for?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1823a4e6 answer elementor-widget elementor-widget-text-editor\" data-id=\"1823a4e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Almost any type of SME can take out a short-term business loan, although most lenders will need to see that your business is in good standing and has the ability to repay the funds. Additionally, you will usually have had to be trading for more than six months and be a Australian-registered business.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Short-term business loans are ideal for covering emergencies or sudden expenses and are especially suited for seasonal businesses that may see large fluctuations in income, or organisations that offer extended credit terms to their customers.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42867494 question elementor-widget elementor-widget-heading\" data-id=\"42867494\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What can short-term finance be used for?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3381db41 answer elementor-widget elementor-widget-text-editor\" data-id=\"3381db41\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Short-term finance can be used for almost any business purpose:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Boost your <\/span><a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/working-capital-loans\/\"><span style=\"font-weight: 400;\">working capital<\/span><\/a><span style=\"font-weight: 400;\"> to cover cashflow fluctuations<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expand your operations<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Buy equipment and raw materials<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Secure bulk-purchase savings on inventory<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cover wages, rent, utilities, business rates, and unexpected emergencies<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay suppliers quickly to secure early-payment discounts<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-488b431 question elementor-widget elementor-widget-heading\" data-id=\"488b431\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the different types of short-term business loan?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1386095b answer elementor-widget elementor-widget-text-editor\" data-id=\"1386095b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There are many types of short-term business loan:<\/span><\/p><h3><b>Small business loan<\/b><\/h3><p><span style=\"font-weight: 400;\">Works like a traditional bank loan. Borrow from $1,000 to $500,000. Repay the loan in a few months or over several years. Security may or may not be required.<\/span><\/p><h3><a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/invoice-finance\/\"><b>Invoice finance<\/b><\/a><b>\u00a0<\/b><\/h3><p><span style=\"font-weight: 400;\">Stop waiting 30, 60, 90 days or more for customers to pay their bills. Receive the cash tied up in your outstanding invoices as soon as you raise them. You retain control of your sales ledger. Clients need never know you are using your invoices to raise funds. No added security is required.<\/span><\/p><h3><a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/revolving-credit-facility\/\"><b>Revolving line of credit<\/b><\/a><b>\u00a0<\/b><\/h3><p><span style=\"font-weight: 400;\">Works like a standard bank overdraft. Dip into an agreed credit limit as and when you need funds, then pay the loan back as your business revenues come in. Security may be required.<\/span><\/p><h3><a href=\"https:\/\/swoopfunding.com\/au\/knowledge-hub\/merchant-cash-advance\/\"><b>Merchant cash advance<\/b><\/a><\/h3><p><span style=\"font-weight: 400;\">Businesses that accept customer credit and debit cards can borrow against the value of their card sales. As your card sales increase, your borrowing limit goes up. Pay back the loan as a fixed percentage of your card sales. No added security required.<\/span><\/p><h3><a href=\"https:\/\/swoopfunding.com\/au\/knowledge-hub\/business-credit-card\/\"><b>Business credit cards<\/b><\/a><b>\u00a0<\/b><\/h3><p><span style=\"font-weight: 400;\">Business credit cards work the same as personal credit cards, but are in the name of the business, not an individual. Business cards typically have a higher credit limit than personal accounts and higher interest rates than other forms of business borrowing. Security may be required.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7214a04 elementor-widget elementor-widget-heading\" data-id=\"7214a04\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Short-term business loan calculator<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1811a41 elementor-widget elementor-widget-ucaddon_business_loan_calculator\" data-id=\"1811a41\" data-element_type=\"widget\" data-widget_type=\"ucaddon_business_loan_calculator.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t \n \n <div class=\"business_loan_calculator form-calculator\">\n <div class=\"left_column\">\n <p class=\"title\">Your loan details<\/p>\n\n <div class=\"form-group\">\n <label for=\"how_much_funding_do_you_require\">How much funding do you require?<\/label>\n\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">$<\/span>\n <\/div>\n <input id=\"how_much_funding_do_you_require\" type=\"text\" class=\"form-control mask-money\" aria-label=\"How much funding do you require?\" value=\"10,000\" inputmode=\"numeric\">\n <\/div>\n\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"repayment_term\">Repayment term<\/label>\n\n <div class=\"input-group mb-3\">\n <input id=\"repayment_term\" type=\"text\" class=\"form-control\" aria-label=\"Repayment term\" value=\"6\">\n <div class=\"input-group-append\">\n <span class=\"input-group-text\">months<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"interest_rate\">Interest rate<\/label>\n\n <div class=\"input-group mb-3\">\n <input id=\"interest_rate\" type=\"text\" class=\"form-control\" aria-label=\"Interest rate\" value=\"4\">\n <div class=\"input-group-append\">\n <span class=\"input-group-text\">%<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n\n <p class=\"note-calculator\">This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.<\/p>\n\n <\/div>\n <div class=\"right_column\">\n <p class=\"title\">Your results<\/p>\n <div class=\"show-number\">\n <p class=\"title-result\">Monthly payments<\/p>\n <p class=\"number-result\">$<span id=\"permonth\">-<\/span><\/p>\n <\/div>\n <div class=\"show-number\">\n <p class=\"title-result\">Avg. monthly interest<\/p>\n <p class=\"number-result\">$<span id=\"totalinterestmonth\">-<\/span><\/p>\n <\/div>\n <div class=\"show-number\">\n <p class=\"title-result\">Total interest<\/p>\n <p class=\"number-result\">$<span id=\"totalinterest\">-<\/span><\/p>\n <\/div>\n <div class=\"show-number\">\n <p class=\"title-result\">Total cost of finance<\/p>\n <p class=\"number-result\">$<span id=\"total\">-<\/span><\/p>\n <\/div>\n\n <a href=\"https:\/\/app.swoopfunding.com.au\/stage\/\" class=\"btn btn-lg btn-dark btn-block\" target=\"_blank\">Get a quote<\/a>\n\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf56eda question elementor-widget elementor-widget-heading\" data-id=\"cf56eda\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do I apply for a short-term business loan?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb0491b answer elementor-widget elementor-widget-text-editor\" data-id=\"fb0491b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Many lenders offer a \u2018one-size fits all\u2019 generic short-term business loan, and a fast application process that gives you an initial \u2018yes\u2019 or \u2018no\u2019 in minutes. However, as you can see from the menu of short-term loans above, there are many ways to borrow the immediate funds you need, and some types of loan may work better for your organisation than others.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">You can start the process to find out which type of borrowing is best for you <\/span><span style=\"font-weight: 400;\">here<\/span><span style=\"font-weight: 400;\">. <\/span>It\u2019s still a fast application, but now you get to choose a short-term loan that\u2019s tailored to your business.\u00a0<\/p><h3><b>What documents may you need?<\/b><\/h3><p><span style=\"font-weight: 400;\">Different lenders have different criteria, but it may make the process easier if you have this information available:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business details \u2013 address, contact details, length of time trading, etc.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cashflow forecast<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Balance Sheet<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">List of major customers and suppliers<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">List of any existing business debts<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1cd3bc7 question elementor-widget elementor-widget-heading\" data-id=\"1cd3bc7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Advantages & disadvantages of a short-term business loan<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e35d10 answer elementor-widget elementor-widget-text-editor\" data-id=\"9e35d10\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As with any type of business borrowing, short-term loans have their pros and cons:<\/span><\/p><h3><b>Pros<\/b><b><\/b><\/h3><ul><li aria-level=\"1\"><b>Quicker approval<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Most short-term business loans can be secured very quickly. In some cases, an immediate approval and streamlined document processing can deliver the funds into your business bank account the next day<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><b>Less stringent application process<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Many short-term loans can be secured with just a credit check and a review of basic business information<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><b>Pay less interest\u00a0<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Paying the loan back faster means less interest is generated over the course of the loan<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><b>Range of loan options<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Select the short-term loan that\u2019s best for your business \u2013 choose how you repay the funds, the need for security, and the terms and conditions that fit your business structure<\/span><\/p><h3><b>Cons<\/b><b><\/b><\/h3><ul><li aria-level=\"1\"><b>Higher interest rates<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Because you repay short-term loans quickly, you will pay less interest than you might if the loan were extended over several years. However, because these type of loans are fast and convenient, many lenders charge a higher interest rate on short-term borrowing<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><b>Bigger repayment instalments<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Paying the loan back in a short time span means the repayment instalments will be larger. This may put strain on the cashflow of some business borrowers<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><b>Smaller loan amount<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Short-term business loans typically come with lower borrowing amounts than you may be able to secure with a long-term alternative<\/span><b><\/b><\/p><ul><li aria-level=\"1\"><b>Personal guarantees and\/or security required<\/b><\/li><\/ul><p><span style=\"font-weight: 400;\">Many short-term loan providers will require a personal guarantee from the business principal(s) and depending on the type of loan you take out you may also have to provide collateral via a lien on your business assets or personal property<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d02c39e question elementor-widget elementor-widget-heading\" data-id=\"d02c39e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">When should I get a short-term business loan?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-878a07a answer elementor-widget elementor-widget-text-editor\" data-id=\"878a07a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Short-term business loans are an ideal solution to sudden emergencies, or an unexpected dip in cashflow. They can support your working capital during tough times or give you a financial boost to make the most of a new business opportunity. See a short-term loan as a business backstop \u2013 there to help you when you need it, but not a drain on your income that\u2019s stretched out over years.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b35ce1e question elementor-widget elementor-widget-heading\" data-id=\"b35ce1e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get a short-term business loan with bad credit?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa37661 answer elementor-widget elementor-widget-text-editor\" data-id=\"fa37661\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Possibly. Even if your credit score is weak and you\u2019ve been turned down elsewhere, it may still be possible to secure the short-term business financing you need. Providing collateral such as business assets or property as security or bringing in a friend or colleague with strong credit to act as the loan guarantor can often offset a weak credit score. Alternatively, some lenders may still provide an unsecured short-term loan even if your credit is poor, but you should expect to pay a higher interest rate and only borrow a smaller sum.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49ff66a6 question elementor-widget elementor-widget-heading\" data-id=\"49ff66a6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Get started with Swoop<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57755020 answer elementor-widget elementor-widget-text-editor\" data-id=\"57755020\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Get a grip on unexpected business costs, or sudden dips in cashflow. Contact Swoop to find the short-term loan that fits your business like a glove.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69afbfe6 elementor-widget elementor-widget-spacer\" data-id=\"69afbfe6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a415dbf elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"a415dbf\" data-element_type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2021\/03\/chris-godfrey-author.png\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2021\/03\/chris-godfrey-author.png?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\"><\/a>\n <\/div>\n \n <div class=\"right-info\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/\">Chris Godfrey<\/a><\/h3>\n <p>Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.<\/p>\n\n <ul class=\"social-links\">\n \n <li><a href=\"https:\/\/www.linkedin.com\/in\/christopher-godfrey-332198139\/\" target=\"_blank\" rel=\"noreferrer noopener\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/au\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n <li><a href=\"https:\/\/www.freelancewords.co.uk\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/au\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-site-min.svg\" width=\"30\" height=\"30\" alt=\"Website\">\n <\/a><\/li>\n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/au\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d15d25f elementor-widget elementor-widget-ucaddon_article_sources\" data-id=\"d15d25f\" data-element_type=\"widget\" data-widget_type=\"ucaddon_article_sources.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n<div id=\"article-sources\">\n <div class=\"header\"> \n <div class=\"left-col\">\n Article sources <\/div>\n <div class=\"right-col\">\n <span class=\"arrow-down\">collapse<\/span> \n <span class=\"arrow-up\">expand<\/span> \n <\/div>\n <\/div>\n <div class=\"content\">\n <p>Swoop requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.<\/p>\n <p><span style=\"font-weight: 400;\">Working capital loans: <\/span><a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/working-capital-loans\/\">https:\/\/swoopfunding.com\/au\/business-loans\/working-capital-loans\/\u00a0<\/a><\/p><p><span style=\"font-weight: 400;\">Revolving line of credit: <a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/revolving-credit-facility\/\">https:\/\/swoopfunding.com\/au\/business-loans\/revolving-credit-facility\/<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">Business credit cards: <a href=\"https:\/\/swoopfunding.com\/au\/knowledge-hub\/business-credit-card\/\">https:\/\/swoopfunding.com\/au\/knowledge-hub\/business-credit-card\/<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">Invoice finance: <a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/invoice-finance\/\">https:\/\/swoopfunding.com\/au\/business-loans\/invoice-finance\/<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">Merchant cash advance: <a href=\"https:\/\/swoopfunding.com\/au\/knowledge-hub\/merchant-cash-advance\/\">https:\/\/swoopfunding.com\/au\/knowledge-hub\/merchant-cash-advance\/<\/a><\/span><\/p> <\/div>\n<\/div>\n\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-2ddac9c5 e-flex e-con-boxed e-con e-parent\" data-id=\"2ddac9c5\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-60fb6c80 elementor-hidden-mobile e-con-full e-flex e-con e-child\" data-id=\"60fb6c80\" data-element_type=\"container\" id=\"sticky-banner-mini\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-220ef029 elementor-widget elementor-widget-image\" data-id=\"220ef029\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/09\/plus-1.svg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b996011 elementor-widget elementor-widget-heading\" data-id=\"3b996011\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">G<br>E<br>T<br><br>Q<br>U<br>O<br>T<br>E<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5ecd1d5 e-con-full e-flex e-con e-parent\" data-id=\"5ecd1d5\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f8e944 elementor-widget elementor-widget-template\" data-id=\"0f8e944\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3fc6b53a e-flex e-con-boxed e-con e-parent\" data-id=\"3fc6b53a\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-250f47ad elementor-widget elementor-widget-template\" data-id=\"250f47ad\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a2118d6 e-flex e-con-boxed e-con e-parent\" data-id=\"a2118d6\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-c56ade3 elementor-hidden-mobile e-con-full e-flex e-con e-child\" data-id=\"c56ade3\" data-element_type=\"container\" id=\"sticky-banner-mini\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-92359b1 elementor-widget elementor-widget-image\" data-id=\"92359b1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2022\/12\/plus.svg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5548b4 elementor-widget elementor-widget-heading\" data-id=\"f5548b4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">G<br>E<br>T<br><br>Q<br>U<br>O<br>T<br>E<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Short-term business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on March 22, 2024. Next review due July 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"acf":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable":"<p>Short-term business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on March 22, 2024. Next review due July 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the&hellip;<\/p>\n","category_list":"","author_info":{"name":"Chris Godfrey","url":"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>Short-term business loans Add a header to begin generating the table of contents Page written by Chris Godfrey. Last reviewed on March 22, 2024. Next review due July 1, 2025. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Chris Godfrey","url":"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/pages\/29665"}],"collection":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/comments?post=29665"}],"version-history":[{"count":7,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/pages\/29665\/revisions"}],"predecessor-version":[{"id":33924,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/pages\/29665\/revisions\/33924"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/media?parent=29665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}