This type of product remains in its infancy but is growing quickly and there are numerous loan products now available, they all have their differences and may be tailored to the needs of the business. Short term loan products ranging from 1-12 months are typically used to provide a quick injection of working capital. We have had a number of clients who own seasonal businesses, therefore the purchase of stock has been a challenge when sales are at their lowest ebb. A short term loan has given the business the purchasing power it needs to buy stock, negotiate discounts and payment terms. We focus on those loan products modelled on a traditional bank overdraft facility, where there is no fixed repayment term. Like an overdraft, the facility can revolve up to a pre-agreed credit limit and interest is charged daily on the balance outstanding. We are expecting the loan market to grow more quickly than any other product providing interest rates remain at sensible levels.