Nowadays, life is under great pressure, and many young people have begun to take short-term loans. Therefore, short-term loans have now become a very hot topic. Some netizens asked, is short-term loan a formal platform? It is understood that short-term loans are a formal platform, and many industrial and commercial enterprises have short-term loans.

1. What is a short-term loan?

Short-term loans refer to all kinds of loans that enterprises borrow from banks or other financial institutions for repayment within one year according to the needs of production and operation, including production revolving loans and temporary loans. Not a long-term loan. In China, in accounting practice, short-term loans refer to all kinds of loans borrowed by enterprises from external units such as banks or other financial institutions in order to maintain normal production and operation or offset some debts, and the repayment period is less than or equal to one year. Short-term loans mainly include operating revolving loans, temporary loans, settlement loans, discounted bills loans, seller's credit, down payment loans and special reserve loans.

Second, the types of short-term loans

Short-term loans for industrial and commercial enterprises mainly include: operating revolving loans, temporary loans, settlement loans, bill discount loans, seller's credit, down payment loans, special reserve loans and so on.

(1) Operating revolving loan: also called productive revolving loan or commodity revolving loan. Loans obtained by enterprises from banks or other financial institutions because their working capital cannot meet the needs of normal production and operation. When handling loans, enterprises should submit annual and quarterly loan plans to banks in accordance with relevant regulations, and after approval by banks, handle loans according to loan receipts in the loan plans.

(2) Temporary loan: Due to seasonal and temporary objective reasons, the normal working capital of the enterprise cannot meet the needs and exceeds the amount included in the production turnover or commodity turnover. Temporary loans take the form of "individual approval". Generally, the loan term is 3 to 6 months, which is used for specified purposes and returned according to the accounting period.

To sum up, there are many kinds of short-term loans. It is recommended that you repay within the repayment period to avoid overdue and increase your credit score.