There are many reasons why a business would choose to apply for a short term loan, depending on their financial position, growth plans and the market opportunity.
Here are a few common scenarios in which a short term loan might be useful:
You’re a seasonal business steering through the quiet months or preparing for the busy season
You’re a high-volume, small dollar sales business and want to better manage cash flow
You’re looking to innovate or invest in new technology or equipment
Your business is growing and you need to hire additional staff
Your credit score is not high enough for a traditional bank loan
You have an earnings history but not enough to qualify for a traditional loan
To get more information visit #http://www.lumi.com.au.
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