Investors are the backbone of any successful startup. For example, Mark Zuckerberg accepted $500,000 from Peter Thiel in 2004. In the same year, he rejected $10 million from Friendster.
Before we answer what is a short term business loan, let’s ask another question. What is a loan?
Before defining the concept let’s make sure that you know the fact that every country and states have different rules and regulations regarding short term business loans. The payment terms or interest rates may vary from company to company who is lending you the money.