Business Term Loans: 3 Types & How to Qualify
There are three types of term loans. Rather unimaginatively, they are called short-term loans, intermediate-term loans, and long-term loans.
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Using Credit Lines to Ease the Impact of Inflation
Credit lines and other types of business credit can be a real lifeline during inflation, helping businesses stay afloat and even grow.
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Best Business Line of Credit for Your Business
More flexible than a term loan, an LOC can be harder to get from a lender, and with a higher interest rate, but you only pay on whatever you draw. LOCs are also refillable so, as you pay off a draw, you can draw those funds again and again.
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Credit Card Terms: Understand What You’re Getting Yourself Into
A guarantor on a credit card account is a person who signs an agreement to pay off a loan for someone else if that someone else defaults. It is similar to co-signing; in that it is a technique often used among family and friends to let a person with good credit vouch for a person with new credit or bad credit to get a loan.
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What is a Shelf Corporation? Shelf Companies Explained
In our hurry up, get it done yesterday culture, business owners may understandably be looking for a shortcut or an easy fix. The idea behind shelf corporations is that a startup, by definition, has little to no time in business. And, a startup often has few (if any) tradelines or other credit experiences. So, rather than wait and build corporate credit the old fashioned way, a small business owner may be tempted to short-circuit the process by buying what’s called an aged shelf corporation.
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Trucking Business Credit Cards & Lines of Credit
If you are a trucking driver, we can meet you where you are. Whether it’s just you driving or you have multiple drivers, Credit Suite can help you get the business credit you need.
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How to Get Funding for Your Business
It is hard to find funding for your business when you don’t know what your options are. Your fundability affects which options are actually available to you.
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4 Easy Steps to Get an SBA Loan to Buy a Business
The SBA is well-known for needing a lot of documentation before they will loan a small business any money. But they will want even more if you want to get a loan from them to purchase a going concern.
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