What is an example of short term finance?

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The main sources of short-term financing are (1) trade credit, (2) commercial bank loans, (3) commercial paper, a specific type of promissory note, and (4) secured loans.

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Also question is, can I get a loan for 6 months?

6-months loans are nothing but a short-term personal loan wherein the tenure of the loan is limited to 6 months. There are several lenders who offer personal loans within that tenure for short-term financial emergencies. This is also known as payday loans which is quite popular in the USA and the United Kingdom.

Also know, what is short term and long term finance? Short term financing arises with an attempt to finance current assets. It can help to finance working capital, paying suppliers or even increase inventory. Long term financing is used for overall improvement of the business. It could be used for purchasing or maintaining capital.

One may also ask, what is the purpose of short term finance?

What is the purpose served by short-term finance ? Short-term finance is required for a short-period upto one year. It refers to funds needed to meet day-to-day requirements and for holding stocks of raw materials, spare parts, etc. to be used for current operations.

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