short-term loan
Temporary borrowed funds
A short-term loan is borrowed money intended to be repaid within a brief period, typically under a year.
These include payday loans, bridge loans, and lines of credit used to cover immediate expenses or cash flow gaps: We took out a short-term loan to cover payroll until the invoice cleared.
Interest rates tend to be higher than on longer-term borrowing.
- paydayScheduled compensation date
- payday lenderHigh-interest short-term creditor
- cashReady spending funds
- cash advanceBorrowed funds before payday
- quick cashRapidly obtained funds
advance · bridging · emergency · quick · interest · interest rate · lender · borrower · credit check · installment · credit · collateral · repayment · due · due date · urgent · temporary · overdraft
- temporary supportstopgap, emergency aid, relief fund, disaster relief, bailout
- business debtcredit line, line of credit, accounts payable, balloon payment, corporate bond
- loanslend, borrow, borrower, lender, microloan
- microloans
short-term loanlong-term loan
Debt spanning multiple years
mortgage · term loan · installment loan · home loan · long-term debt
short-term loangrant
Bestow or award money
equity investment · gift · donation · cash payment · endowment
short, term, loan, shorter, shortest, shorten, shortened, shortening, shortly