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Small Business Loans vs. Merchant Cash Advances
Small Business Loans vs. Merchant Cash Advances Funding is one of the most important factors in the growth and success of a small business. Whether you’re covering payroll, buying equipment, or managing cash flow, access to capital can make or break your next move. Two common financing options—traditional small business loans and merchant cash advances…
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What are the differences between Installment Loans and Revolving Credit?
The terms “installment loans” and “revolving credit” refer to two distinct types of credit facilities that businesses can use when financing their operations. An installment loan is a lump-sum loan with fixed repayment periods, while revolving credit is an ongoing line of credit with different payment schedules. Understanding the differences between these two forms of…
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What is a Business Line of Credit?
A Business Line Of Credit (BLOC) is a type of financial tool available to businesses for short-term borrowing and lending. It typically consists of an approved line of credit from a lender, with the amount determined by the business’s creditworthiness. Businesses can access this source of capital as needed without having to secure additional funding…
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4 Types of Loans for Small Businesses
Understanding the various types of loans available to small business owners is essential for success. Loans can provide the capital and flexibility needed to expand a business, purchase new equipment or hire more staff. However, it’s important to realize there are different types of loans that come with different benefits and drawbacks, requiring consideration before…