Business Loans

Amplify’d from www.businessloan.org

When considering a business loan, one of the most important aspects to take into account is what “type” of business loan is best for your business.  There are thousands of banks offering thousands of business loans, however stripped to the core, there truly only exist two types business loans; installment business loans and business loans in the form of revolving credit lines.

Installment Business Loans v. Revolving Business Loans

Your business only pays for what it uses/needs:  Unlike an installment business loan that funds in one large tranche regardless of what your business’ capital need at the moment may be, business loans structured as revolving lines of credit are tapped as capital is needed.  As a business is started capital is needed in increments; funding is required as the business achieves certain milestones.  Therefore, with a revolving business loan, the business owner can draw upon the credit line only when funds are needed and being used.  Installment business loans require the business to begin paying interest on one loan amount regardless of how much of the funds are utilized.  By only using the business loan funds when needed, it creates a pay as you go scenario and can potentially save the business an enormous amount of money in business loan interest savings. Read more at www.businessloan.org

 

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