o increase stock for the next 3 months It can also be long term e.g. to buy new equipment and pay over 5 years An overdraft is an example of a loan but it is very expensive and would only be used for very short term usesSlide 14: Mortgage This is a long term loan used to buy property such as a factory or office space Usually over 15 to 25 years The interest on this loan is lower because it is secu