A short term business loan refers to any business loan that is paid within one year that typically does not exceed 5 million dollars. These types of loans are often repaid within 90 -120 days and offer businesses quick cash for emergency capital or an immediate need. These loans do not require a long term commitment and may be more…
A microloan is a loan that is typically no more than $350,000.00. These types of loans are often sought by start ups that may not completely qualify for larger loans from banking institutions because of scarce resources. Microloans give burrowers the option to develop a good line of credit and improve their credit scores over time. This in turn leads…
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