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From a borrower’s perspective access to capital for a short period can be very useful, especially for property investors or small businesses needing irregular cash-flow support. But short-term loans are not always so simple to source. Perhaps it’s because the nature of short-term lending presents lenders with a number of challenges; namely that people rarely plan for short-term needs - when they find they need money for a short period, they also need it quickly.
In many cases, the big banks are not set up to provide the level of bespoke deal assessment necessary to enable a borrower to draw-down quickly. Additionally, their pricing and fee structures are better suited to longer terms, allowing them to attain sufficient returns over a longer period. If, as a borrower, you can take the time to develop a long-term relationship with a bank, and can anticipate your cash flow needs ahead of time then this relationship will assure you the best rates in the market. But, if like most investors and small business operators, your cash needs are sudden and short-term in nature this option may not be available to you.
The market for short term loan products has developed swiftly in recent years, with lenders offering an ever increasing array of options. Competition between lenders has been robust which has encouraged innovation. Many lenders in the short term market are actively customizing loans to suit individual borrower’s requirements.
Commerce Credit has been providing short term lending solutions since 2002 and has become a market leader in the provision of effective short term loans. Apart from the traditional real estate secured products, Commerce Credit is able to provide loans secured against motor vehicles, plant and equipment and company charge. With loan terms from one to twelve months, and loan amounts as low as 00, Commerce Credit is able to provide a short term finance solution to almost any problem.
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