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2. Pros and cons of equipment loans - AOL

   www.aol.com/finance/pros-cons-equipment-loans...

   According to the Federal Reserve Banks’ 2023 Small Business Credit Survey, 13 percent of small business loan applications in 2023 were for auto or equipment loans, with 73 percent of those ...

3. Which of 11 most common types of small business loans is ...

   www.aol.com/11-most-common-types-small-163000155...

   You'll need to include your business license, 2 years of business tax returns, 2 years of personal tax returns, a year-to-date Profit and Loss statement, YTD balance sheet, and a debt schedule ...

4. 11 Business Loans: Weighing the Pros & Cons for Your Business ...

   www.aol.com/11-business-loans-weighing-pros...

   1. Term Loan. A term loan is a type of traditional business loan where you borrow a lump sum—typically between $1,000 and $500,000—and repay it over a fixed period, usually between 1 to 5 years.

5. Types of LLC loans - AOL

   www.aol.com/finance/types-llc-loans-203117374.html

   504 loans: These loans are backed by equipment or commercial real estate and are intended to cover major purchases. Microloans : Capped at $50,000, microloans are designed to help foster expansion ...

6. Commercial and industrial loan - Wikipedia

   en.wikipedia.org/wiki/Commercial_and_industrial_loan

   A commercial and industrial loan (C&I loan) is a loan to a business rather than a loan to an individual consumer. These short-term loans may have an interest rate based on the SOFR rate or prime rate and are secured by collateral owned by the business requesting the loan.

7. What are small business loans and how do they work? - AOL

   www.aol.com/finance/business-loans-215421282.html

   Business loans can be secured or unsecured, but all have set repayment periods, terms and interest rates Approval for a small business loan typically requires a good credit score, solid business ...