What are the common types of small business loans available?
Common types of small business loans include term loans for long-term financing, revolving credit lines for short-term needs, SBA loans with government backing, equipment financing to purchase machinery, and business credit cards for ongoing expenses. Each type serves specific purposes, and entrepreneurs can choose based on their business requirements, repayment preferences, and eligibility criteria.
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Last edited by Danielsmith (Feb 29 9:47 AM)
There are several common types of small business loans available to help entrepreneurs and small businesses secure financing. A popular option is the term loan, which provides a lump sum that is repaid with interest over a predetermined period of time.