Short-Term Loans

Short-term loans are financial agreements where a borrower receives funds from a lender with the expectation of repayment within a relatively brief period, usually within one year. These loans are often used to cover immediate expenses, manage cash flow, or address urgent financial needs. They typically have higher interest rates compared to long-term financing due to the shorter duration and increased risk. Short-term loans can be available from banks, online lenders, or other financial institutions, and they require timely repayment to avoid penalties or damage to credit scores.