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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.
SBA LLC loans. The U.S. Small Business Administration guarantees offers several types of small business loans. You don’t apply directly to the SBA, as traditional and online lenders distribute ...
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 ...
Cons. Personal liability. Can be expensive. Limited disclosure requirements. Pros of LLC loans. LLC businesses are a popular funding solution for small business owners — and for good reasons.
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