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  2. Types of business lines of credit - AOL

    www.aol.com/finance/types-business-lines-credit...

    Key takeaways. Backed by assets, secured business lines of credit may offer favorable rates and terms than unsecured lines of credit. Unsecured business lines may still require a personal guarantee

  3. Types of unsecured business loans - AOL

    www.aol.com/finance/types-unsecured-business...

    SBA loans are term loans or lines of credit backed by the U.S. Small Business Administration. If you default on the loan, the SBA guarantees repayment to the lender up to a certain percentage.

  4. How to get a small business loan without collateral

    www.aol.com/finance/small-business-loan-without...

    Bankrate insight. According to the 2023 Small Business Credit Survey, 44 percent of employer firms applied for business loans with a large bank.Twenty-eight percent went with a small bank, while ...

  5. How to get a business line of credit - AOL

    www.aol.com/finance/business-line-credit...

    Personal and business bank statements ... Get high credit limits up to $750,000 if you qualify without having to sign a personal guarantee. Backd requires just $100,000 in annual revenue and one ...

  6. Alternatives to LLC loans

    www.aol.com/finance/alternatives-llc-loans...

    Bankrate insight. One of the main reasons to form an LLC company is to protect personal assets from seizure. But many lenders require small business owners to sign a personal guarantee when taking ...

  7. Secured vs. unsecured business line of credit - AOL

    www.aol.com/finance/secured-vs-unsecured...

    A personal guarantee may be required, making the business owner personally responsible for repaying the line of credit if the business cannot keep up with payments. Typically, lower interest rate ...

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