Do you often wonder how long you'll be borrowing for short-term loans? Don't worry, I've got everything for you. Short-term loans are, in general, the type of loans whose duration is less than one year. A simple breakdown of these loans is as follows:

How long do short-term loans usually last

First, we have a "within six months" short-term loan, which is more like a "rain umbrella" to deal with emergency or short-term liquidity problems。

Second, "six months to one year" short-term loans, which are slightly longer than the former. If you are running small and medium-sized enterprises and need short-term financing, then this type of loan may be what you are looking for。

Moreover, there are short-term loans that provide “revolving lines”. In other words, the borrower is able to make multiple withdrawals and repayments within a certain period of time, so that you can meet the recurring need for funds in the short term。

It should be borne in mind, however, that the specifics of the timing of borrowing may be influenced by factors such as the lending agency, the terms of borrowing, etc., so that there will always be no loss in knowing in advance some of the relevant provisions before you apply for short-term loans。

As for the extension of the loan, the bank would have to be photographed for one month in advance. It is important not to forget to fill out the application for an extension of the period of time and the repayment programme after the extension. In response, it is essential that it be true and credible, and that it not be so quick to get the consent of the bank as to what it cannot do. If you are applying for mortgages, mortgages and mortgages, you must also prepare a written certificate of the consent of the guarantor, the mortgagee, and the originator。