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 ?
5 million short term loan for a supermarket redevelopment site in the South West and a short term loan for a company purchasing a student block in Leicester for PS3 million.
He said the short term loan was necessary because a payment expected in March "was not received.
DAVID BECKHAM has confirmed that he is in discussions with AC Milan with a view to a short term loan move to the San Siro.
The funds for this payment came from two sources: (i) $300,000 came from cash generated from Company operations and (ii) $700,000 came from a short term loan from a related party investor who is a family member of the Company's President and CEO.
FVE also today entered into a short term loan with SNH for $16.
27 as an inducement for providing this short term loan.
The eight year term loan facility will be used to finance equipment manufactured in Brazil and will replace existing short term loan facilities.
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.
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.