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Key takeaways. Short-term business loans typically have repayment terms ranging from a few weeks to 24 months. Short-term loans are often used by small business owners for emergency cash flow needs
For example, an equipment loan would be ideal if a small business needs to purchase equipment. However, a line of credit could be better if a business plans to use the funds to cover larger, short ...
A business acquisition loan is one of those small business loans engineered for a specific purpose: buying an existing business or franchise. Because when great business opportunities arise, it's ...
What kinds of financing are available for small businesses?Small businesses with fair-to-excellent credit can get conventional loans, including term loans, business lines of credit and equipment ...
Key takeaways. Short-term business loan terms are typically 24 months or less. Short-term business loans can be used for emergencies, including equipment replacement, buying inventory or seasonal ...
Pros and cons of a bank business loan. Most types of business loans from banks generally offer attractive terms. But like any type of business loan, there are pros and cons to consider before ...
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