What are short term and long term sources of financing?

Short-term financing sources refer to loans and lines of credit that are typically used for day-to-day operations and are paid back over a shorter time period. Examples include bank loans, credit card loans, and business lines of credit from financial institutions. Long-term financing sources refer to loans and lines of credit that are used to finance larger projects, such as expanding a business or purchasing equipment, and are paid back over a longer timeframe. Examples include mortgage loans, business loans, and business lines of credit from financial institutions.