Benefits of Short Term Loans

One of the hallmarks of a truly great artist is the ability to create something which remains relevant and true in its message over the years and decades and centuries. The incomparable Cole Porter was a truly great artist, and his music continues to a post-Recession world today.

“Times have changed,” certainly, and when it comes to the free-wheeling world of the open market in an ever-changing, always-trending post-Lehman Brothers economy, “Anything Goes.”

And to keep up with those changes and trends, chances are good you’re going to need to take out a small short term loan.

Naturally, the idea of a short term loan can come across as a fearful one to a lot of people — and it’s certainly understandable why, at first blush, that might be the case. After all, the recession we’re still recovering from was due, in part, because of insolvent loans, and we’ve grown up with anti-loaning axioms being embedded into the fabric of our culture, everywhere and everything from the Bible to Shakespeare’s immortal pear of wisdom “Never a borrower nor lender be.”

But, indeed, as Cole Porter’s song indicates, “Times have changed”, and the banking system is now a lot safer and more secure than it was in the pre-Lehman Brothers days, to say nothing of Shakespeare’s day and antiquity. Loans and the process of loaning has never been more secure, and it’s never been more important to take out a short term loan.

How Can I Benefit From a Short Term Loan?

There are a variety of reasons. To begin with, an economy such as exists in the United States, Canada, United Kingdom, China and other G8 countries depends largely on the ability of these countries to do precisely what Shakespeare’s Polonius warns against — be both borrowers and lenders. The goal of borrowing and lending this way is to grow an economy faster than the excess of debt and in such a way as the net gain and worth of these countries outstrips that debt. Despite our multi-trillion-dollar deficit, that’s still the case in Canada; the alternative is winding up in an economic position similar to Greece, where the borrowing and lending process has completely broken down and, thus the economy collapsed with it.

That’s a vastly oversimplified explanation for the Greek Debt Crisis, but one suitable for our purposes here, and one which likewise leads into out next reason — namely, that the micro level of the economy, which includes your own personal financial welfare, depends upon it. As on the international stage, an economy that can depend on small loans being taken out and repaid and, just as important, consumers willing to take small risks and turn them into moderate to large-scale successes and profits is sure to prosper, and so will you.

But perhaps the most important and personally-imperative reason to take out a short term loan right now is the fact that there’s never been a better time to do so, and you absolutely need one of you’re going to get ahead financially. It’s a brave new financial world out there now, and to keep up, chances are you’re going to want (and need) some extra capital to keep your investments and new business ventures humming. The beauty of a short term loan is that it’s generally small, doesn’t take a long-term commitment and, if it works, can be renewed or else replicated in the form of similar subsequent short term loans.

Successfully stringing together and paying off a series of short-term loans is good for your credit score, good for your business prospects, good for the bank and bankers lending you the money, and good for the economy overall.

“Anything Goes,” so why not go out today and test the waters with a safe, structured short-term loan today?