quick-loan

Vocabulary Word

Definition

A 'quick loan' is a type of loan that you can get very quickly. It's like a fast forward button on your TV remote but for getting money.

Examples in Different Contexts

Quick loans are short-term loans designed to provide fast financial assistance. A financial advisor might say, 'Quick loans can be a convenient option for emergency expenses, but they often come with higher interest rates.'

Practice Scenarios

Business

Scenario:

With the surge in demand, we may need additional funding to boost our production capacity.

Response:

Yes, securing a quick loan could help us streamline our operations and meet the increased demand.

Startup

Scenario:

Getting our product to market quickly could give us an edge over competitors. We may have to consider external financing.

Response:

I agree. A quick loan could provide the capital boost we need to hasten our product launch.