Short Term Loan Case Study
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The Australian Lending Centre helped me keep my business afloat with a short term loan
Joseph needed extra funds for an agricultural business in order to maximise his future profits as well as provide enough working capital to pay his staff and cover costs during a slow off-season. Joe contacted the Australian Lending Centre to do some research and to find a list of short term loan products on the market from lenders who could provide the funds in a timeframe that he needed – within three days.
If you run an agricultural business then you’ll be no stranger to seasonal fluctuations. Joe had to make sure he was ready for the peak season in terms of supplies and resources, and knew the cash flow coming from the busiest trading time of the year would put the business back into a good standing. Having forecasted that only a small percentage of the profits from the first month were needed to fully repay the loan, Joe decided to borrow the money as a short term loan and pay it back within 2 months.
Joe applied for a short term loan of $25,000 and had the funds deposited into his account right when he needed them – within three days. His forecast was spot on and his first month of trade in the peak season brought in even more revenue than expected, allowing Joe to easily repay the short term loan as planned. Joe now uses the Australian Lending Centre whenever he needs a fast short term loan. Although plans are in place this year to increase the amount of cash reserves for the off-season, Joe appreciates being able to come back to the Australian Lending Centre to help keep the business stable whenever he needs a short term loan.
Do you need a short term loan? Simply fill in the enquiry form on the right or phone us on 1300 138 188 for more information.
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