I Need Funds for My Business – Should I Use Plastic or Take Out a Small Business Loan?
There is obviously pent-up demand for business loan refinancing, but this also shows that many small business owners are entering into their original loan agreements without fully understanding the terms and implications, said Adam Cohen, CEO and co-founder of QuarterSpot ( http://www.quarterspot.com ). We want to educate all owners so that they understand the difference between good and bad loans, and are able to secure the best possible loan for their business, he asserted. Due diligence He warns borrowers to ignore advertised rates and to calculate the true cost of loans.
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Disclaimer: The Small Business Loan Store is not a Certified Financial Advisor, U. S.
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by lindsay on June 24, 2014 At some point, every small business needs extra funds to meet its growth objectives. Purchases, expansions and equipment upgrades are examples of situations where you might need to tap credit to move your business forward. As the owner, youre faced with a tough decision: Should you use your business credit card to fill the financial gap, or are you better off applying for a small business loan? There are pros and cons to both options, so take a look at the details below to figure out which is right for your business.
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