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A business acquisition loan is one of those small business loans engineered for a specific purpose: buying an existing business or franchise. Because when great business opportunities arise, it's ...
For example, an equipment loan would be ideal if a small business needs to purchase equipment. However, a line of credit could be better if a business plans to use the funds to cover larger, short ...
1. Term Loan. A term loan is a type of traditional business loan where you borrow a lump sum—typically between $1,000 and $500,000—and repay it over a fixed period, usually between 1 to 5 years.
Small business loans are usually funded through traditional banks and online lenders. If you’re looking for an SBA loan, you’ll need to find a lender approved by the U.S. Small Business ...
The most common government-backed small business loan with loan amounts of up to $5 million available. Money can be used for almost any purpose, including working capital, payroll, expansion and ...
Types of small business loans. How you plan to use your business loan impacts the type of small business loan you choose. For some business owners, the funds may be used to cover day-to-day ...