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There are also long-term business loans, which may offer 10 to 20 years to repay the debt. Online lenders tend to be more willing to work with business owners with less-than-ideal credit.
2. Choose the right type of bad credit business loan. You have a wealth of bad credit business loan options at your fingertips, and different types of loans can be used for multiple purposes.
SBA loans are government-backed loans issued by lenders that are approved by the Small Business Administration. SBA loans offer low interest rates and long repayment terms of up to 25 years.
A rebate card is a debit card that provides funds promised by a business as a rebate.They are often offered to those who make a specific purchase, or for loyalty to a company by accumulating a certain amount of money or number of points worth of purchases from a particular company.
In 2009 the company released research showing that 83% of consumers were seeking products with rebates. In addition, the company has received significant industry recognition for its research into customer loyalty, rewards programs and prepaid cards. In 2009, Parago received an A+ rating from the Dallas Better Business Bureau. [2]
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