As the name indicates short term financing is financing that is for the short term. Most loans like home loans, car loans, student loans, business loans, etc., are given for the long term. But there are loans which provide money for a short term of 3 months to 2 years.
These loans are known as short term finance options. Short term financing is usually availed by people who need money for a short period of time. These loans are usually taken to meet unforeseen expenditures.