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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 ...
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 ...
Loan type. Best for. Pros. Cons. Long-term loan. Large purchases and businesses with strong credit. Low interest rates. Manageable monthly repayment schedule
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 ...
How much does an LLC cost. LLC costs can vary. Each state charges a fee to file an LLC’s articles of organization. While most states keep filing fees between $50 and $200, an LLC filing fee is ...
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