Working capital is the lifeblood of any firm’s business operations. However, reports suggest that as many as 92% of Australian SMEs experience cash flow challenges at least once a year. Cash flow problems can occur due to many reasons. Delayed payments, seasonal fluctuations, and other operational issues can cause cash constraints in a business. Short-term business loans can help entrepreneurs navigate these obstacles with quick funding solutions. A short-term loan is repayable within a brief period. In Australia, short-term loans are provided for a period between 3 to 36 months. There are different options and interest rates available for businesses to explore. Let’s break down the factors you must consider before choosing a loan! Types of Short-Term Loans for Businesses in Australia Australian businesses can choose between different types of short-term business loans. Here are some of the popular options available in the market: ● ...