short-term loan
The Spanish phrase 'préstamo a corto plazo' translates to 'short-term loan' in English. A 'préstamo a corto plazo' is generally a type of loan that is scheduled to be paid off in less than a year. It is often used for temporary financing needs with the expectation that it will be paid off promptly. The specific terms and interest rates can vary based on the individual or institution issuing the loan, and the recipient's creditworthiness.
The bank offers a short-term loan to finance small projects.
This phrase describes a bank's service, emphasizing that it provides short-term loans designed for smaller financial needs.
I need to apply for a short-term loan to cover my unexpected expenses.
In this context, the speaker expresses a personal need for a short-term loan to manage sudden financial circumstances.
Short-term loans are ideal for financial emergencies.
This statement highlights the usefulness of short-term loans in urgent situations where quick financing is necessary.