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.
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References in periodicals archive ?
Summary: Jaipur (Rajasthan) [India], July 26 (ANI): Cooperative Minister Udayalal Awjana on Friday said that the Rajasthan government has waived short term loans of Rs 7,179 crores of state farmers.
Analysts attribute the rate cut to the linking of external benchmark repo rate to short term loans and savings deposit.
Repayment periods for short term loans last up to a month.
Finance costs rose by Sh1.7 billion or 29.3 per cent to Sh7.8 billion partly due to increased use of short term loans for a firm that is in negative working capital.
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.
"Short term loans don't always work because players don't always have the same attitude as they would if they were staying at a club longer."
The Sky Blues made use of their full quota of short term loans and three long term loans with varying degrees of success.
"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.
Short term loans can be a good solution to help overcome temporary cash flow or expenditure issues.
Short term loans are essentially personal loans made available 'instantly' and for a short tenure.
As per the report of the CAG, due to restrictions imposed by consortium of banks for utilising short term loans and lack of permission by the government to raise bonds, the FCI had to resort to costlier source of financing.

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