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5 Tips For Getting a Loan For Your Small Business – AmericasBusinessGuide.com
If youre unable to procure money from a traditional lender, another option is a merchant processing loan. In reality, this is less of a loan than it is an advance on future credit card/debit card sales. The application process is simpler and quicker than that of a traditional loan, meaning youll be able to fix your boiler before your customers are frozen out. Here are five tips for getting a small business loan, with a particular focus on the merchant processing variety: Make Sure Your Business Accepts Credit Cards You wont be able to get a merchant processing loan if your business doesnt accept credit card payments. Furthermore, the lender will require that you process a certain number of credit card purchases per month.
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