Small and medium size companies like to have a degree of certainty and control over their balance sheet.
This is very difficult to achieve with a short term loan particularly if it is a variable loan as opposed to a fixed rate loan. Whatever the basis of the loan, businesses prefer to 
have a funding schedule in place that gives them a certain amount of time and leeway to fulfil their plans.
Medium term business finance
This is very difficult to do with a short term loan, which would be considered a loan that is less than five years in duration. A medium term business loan should be considered rather than a short term loan due to the control it gives the business.
A medium term business loan would be considered to have a duration that is more than five years in duration.
For more information about various types of business funding options, please feel free to continue navigating our site.
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Its really hard getting any type of business loan in the current economic climate. Try Barclays though, they are still interested in proping up small uk businesses – Julian
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