5 Reasons Your Small Business May Need a Short Term Loan

Created: 2017-09-15 08:00:00

It's normal for small businesses to run short of cash from time to time, and getting a short term loan can help with making sure you have enough money at the end of the month. Read on for 5 reasons you may need a short term loan from Cash Kitty.

You Have Cash Flow Issues

If you don't have consistent sales throughout the month then you may come up short when it comes to pay bills but then have plenty of money two weeks later. Short term loans can keep you from using your credit cards during the dry spell.

Emergencies

No matter how careful you are with your money, emergencies can happen at any time. Your computers may crash, someone may break your windows, or your equipment could break down. Any one of these problems can be solved with a short term loan.

Seasonal Trends

You may need to hire extra staff or keep extra merchandise on hand during the holiday season but may not have the cash upfront to pay for those extra expenses. Use a short term loan for salaries and to build up your inventory.

Improve Credit

It may sound counter-intuitive, but short term loans can help improve your poor credit. You have to repay the money quickly, in a few months, and doing so will give your credit score a boost.

You Want to Expand

From increasing the amount of product that you keep on hand to expanding your physical space, short term loans can provide the capital you need. Don't stay small when your dreams are to be bigger, borrow money and make it happen.

Cash Kitty can help with short term loans, no matter the reason that your small business needs one. From expanding to emergencies, and even to help make ends meet, short term loans are a great option for small businesses.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk