The real cost of short-term loans (and how to escape them)
On the surface, short-term loans look simple: quick approval, fast cash, and a way to cover urgent costs. But behind the promise lies a hidden reality. High interest rates, daily repayments, and fees can make borrowing far more expensive than expected.
How these loans trap businesses in cycles of debt
What starts as a lifeline can soon turn into a trap. Instead of freeing your business, repayments drain cash flow. Growth plans stall, stress levels rise, and many owners end up borrowing again just to stay afloat. It’s a cycle that leaves little room to breathe.
Imagine a future with lower repayments
Now picture a different scenario: repayments that actually work with your cash flow, giving you space to pay bills, invest in staff, and plan ahead without constant pressure. Instead of survival mode, your business is focused on stability and growth.
The bridge: refinancing with BEF
Refinancing makes that vision possible. By replacing expensive short-term debt with a longer-term loan, you cut monthly repayments and free up cash. At BEF, we offer up to five-year terms, human decisions, and a not-for-profit approach that puts your business first.
Act before costs climb higher
The longer you stay tied to short-term debt, the more it costs. Refinancing is your chance to break free and build a healthier future for your business.