One of the advantages of short-term debt financing is that firms can obtain short-term credit more quickly than long-term credit.

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Short-term debt financing usually involves borrowing money for a period of less than one year, and it is often easier and quicker to obtain than long-term financing which involves borrowing money for several years. This is because lenders are more likely to be willing to provide short-term credit since the loan is for a shorter period of time, reducing the risk of default. Additionally, short-term debt usually requires less paperwork and is less complex than long-term debt.

One of the Advantages of Short-Term Debt Financing Is That