
Short-term hard business loans can provide a quick infusion of cash for businesses to cover immediate expenses or take advantage of time-sensitive opportunities. These loans are typically secured, meaning the borrower puts up collateral, such as equipment or inventory, to secure the loan.
The importance of short-term hard business loans can vary depending on the business’s specific situation. For example, a business may need a short-term loan to purchase inventory for a seasonal spike in demand, to cover unexpected expenses such as repairs or equipment replacement, or to take advantage of a limited-time opportunity such as a bulk purchase discount.
Short-term loans can …


