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A short-term business loan is a fixed amount of working capital borrowed from a lender at a set rate. Payments are made periodically according to the term. Term loans do not require collateral. Short-term loans are the most common way to finance your business. They provide flexible financing options to take advantage of growth opportunities, manage fluctuating cash flows, and pay for unexpected expenses. We build term loans with early repayment incentives to reduce costs for our customers. Running a small business can be difficult and time consuming. When time is money, clarify short-term loans can provide working capital in just 24-48 hours.