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1. Term loan. Term loans are the standard business loan option for both established businesses and startups. They meet individual expenses and are repaid over time — usually five or more years.
Business term loan. A business term loan is a great way to acquire working capital, expand your business operations, purchase equipment, hire additional staff, or whatever else it is that you need.
Using a business loan calculator, you can see that the amount is similar to a $12,000 loan with a 41 percent APR and a 24-month repayment term or an 80 percent APR with a 12-month repayment term.
A short-term business loan is a type of funding typically with short repayment terms. Repayment terms for short-term loans usually range from a few weeks to 24 months. Are short-term business ...
Loan type. Purpose. Best for. Term loans. Working capital and other short- and long-term business expenses. Businesses with expenses of varying sizes that need to be covered
While you find long-term business loans in the millions of dollars, short-term business loans from online lenders with relaxed eligibility may only have loan amounts of less than $100,000.
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