According to the Accounting Standards for Business Enterprises, there are two classification standards for short-term loans and long-term loans: First, the loan term: short-term loans with a loan term of less than or equal to one year and long-term loans with a loan term of more than one year. II. Purpose of loan: The main purpose of loan is the daily normal operation of the enterprise, which belongs to short-term loan, and the loan is mainly used for fixed assets investment such as enterprise reconstruction and expansion, which belongs to long-term loan.

To sum up, the loan term is one year, which is usually used for turnover and belongs to short-term loan.