BUSINESS LOAN
Business loan services are financial products offered by banks, credit unions, and other lending institutions to businesses that need funding for various purposes, such as expanding operations, purchasing equipment, and managing cash flow.
These services typically include several types of loans, such as:
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Term loans: A term loan provides a lump sum of capital that the borrower must repay over a set period, typically with interest.
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Lines of credit: A line of credit is a flexible borrowing option that allows businesses to draw on a predetermined amount of funds as needed.
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Equipment financing: Equipment financing allows businesses to purchase or lease equipment with a loan or a lease agreement.
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Invoice financing: Invoice financing provides businesses with an advance on outstanding invoices, allowing them to access funds they are owed sooner.
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Commercial mortgages: Commercial mortgages provide long-term financing for commercial properties.
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In addition to these loan types, business loan services may also include additional features such as business credit cards, merchant cash advances, and SBA loans.
