Short-Term Loan

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Short-Term Loan

Any loan that must be repaid or refinanced within one year. Short-term loans are recorded on a balance sheet as current liabilities.
References in periodicals archive ?
That's the key message from short-term lender Lending Stream, as its new marketing campaign appeals to responsible borrowers who can afford to repay their short term loans.
Citing stringent standards imposed by federal regulatory agencies, two major banks have made the decision to leave the short term loans market.
That would mark the end of short term loans - a facility the Sky Blues have made use of on numerous occasions in recent seasons - and force managers to ensure that their squads are fully assembled when the new season kicks off.
Consumers in need of short-term cash [should] avoid extremely expensive short term loans, and [should] instead build up a savings nest-egg to cover financial emergencies, seek budgeting and debt management assistance from non-profit consumer credit counseling services, and shop for credit based on both the dollar finance charge and the Annual Percentage Rate," advise the two organizations in a summary of a November 2001 study bashing the payday loan industry.
In addition some military personnel reported a lack of alternative options or lack of knowledge about alternative sources of short term loans indicating that the military may need to do a better job of educating enlisted personnel about short term credit options.
The numbers appear to be growing, primarily because individual borrowers look upon short term loans as a "bridge" to tide across temporary financial challenges.
Given our long history with credit unions," said TRE CEO Andrew Priest, "it was important for us to create TurboCash as a 'win-win' product that gives credit unions a competitive advantage in the short-term loan market and offers credit union members a financially smart alternative for short term loans.
While this trend may soon run out of steam for long term loans, short term loans apparently remain untouched.
The banks that Dollar partners with to offer short term loans to consumers have recently informed the Company that the revised FDIC guidance on payday lending issued in March 2005 will become effective on July 1, 2005.
net announces the publication of guide to the regulation of short term loans across 50 U.
25 as an inducement for providing both of these short term loans.
org with the mission of helping individuals at various stages of their credit development obtain short term loans , irrespective of the past issues they may have faced with their personal finances.