Here are different scenarios in which short-term loans are the best
Usually a short-term loan is applied for the acquisition of a land or for the purpose of property development. You can take out a short-term loan at any phase of property development.
Short-term loan can solve your financial problem if you need money to increase the value of your property before sale or any other purpose.
A good financial or credit record is very important for business. You can take a short-term loan to improve your credit score.
Sometimes a business opportunity arrives, but you may not have enough resources or cash to avail this opportunity in this case a short-term loan is the best solution to your problem.