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LLC loan type. Minimum credit score. Advantages. Disadvantages. Term loan. 550. Lump sum up front. Repayable over a set period. Available at most financial institutions
An LLC loan is a small business loan for a limited liability company (LLC). It can be used in many ways, including to cover inventory, payroll, equipment, supplies and other operating or expansion ...
An LLC loan isn’t a specific type of loan that you’ll find offered through lenders. Instead, they are business loans found at traditional banks, credit unions and online lenders.
LLC business loan document requirements are similar to those of other types of business loans. ... you can apply for one online through the IRS). Business licenses and permits, if applicable.
SBA microloans are generally available through non-profit organizations that have received the approval of the SBA. ... You can get a business loan for an LLC from a variety of lenders, including ...
LLC loans are available through traditional banks, credit unions and online. ... An LLC loan can help your business flourish if you’re turning a profit but need additional funding to take ...
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