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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 ...
Similar to a regular small business loan, the LLC loan can be secured or unsecured, and funds can be used for various business needs, such as startup expenses, equipment purchases and working capital.
LLC small business loans are often used to foster business startup, growth, expansion efforts and even business debt consolidation. Most lenders require applicants to disclose how they intend to ...
You can get a business loan for an LLC from a variety of lenders, including traditional lenders, credit unions, online lenders, nonprofits and community development companies. LLC loan ...
A business loan is a loan specifically intended for business purposes. [1] As with all loans, it involves the creation of a debt , which will be repaid with added interest . There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans , business cash ...
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