Tag: business line of credit
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Should I Get a Business Loan or Line of Credit?
Every financial decision for your business is important. Especially if you are thinking of taking on financing, it’s essential that you know with some real certainty that you are getting the right product for your needs. Many small business owners likely find themselves stuck between two popular choices, those being business loans and business lines…
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What is a Business Line of Credit?
Running a small business means being flexible and adapting to change faster than the competition. Every small business owner knows the value of cash flow but are you taking full advantage of what credit, or more specifically, a business line of credit can do for you and your team? Let’s talk through the key points…
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How to Use a Business Loan to Hire Employees
One of the most exciting times for any small business is when it has the opportunity to grow – be it from better-than-expected sales; the development of a new product or service; or physical expansion such as getting a bigger space or a second location. Business growth, however, usually requires the hiring of additional staff,…
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Best Sources for Short-term Finance (Updated For 2024)
Short term business financing can help you maintain positive cash flow and meet working capital needs. Learn about the best short term finance solutions.
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7 Benefits to Taking Out a Business Line of Credit
No matter its size, no business is recession-proof. And this goes double for small businesses. And with the increasing number of concerns about a future recession, it’s more than fair for small business owners to be looking into ways to financially insulate their businesses. One of the best ways to protect your business is to…
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What is the Difference Between a Business Line of Credit and a Business Credit Card?
The modern lending marketplace gives small business owners a bevy of options for financing or access to capital. While this is overall a great thing for business owners, it’s easy to get overwhelmed by the number of sometimes quite similar options in the marketplace. Specifically, most small business owners have probably asked themselves whether a…
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Pros and Cons of a Secured Business Line of Credit
If your business needs to have fast access to cash, having a business line of credit (BLOC) in place can be invaluable. Before you apply for one, however, one of the first questions you need to ask is whether a secured or unsecured business line of credit is for you. Both options come with pros…
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What are the Different Business Lines of Credit, and Which One is Best for Your Business?
Business lines of credit are incredibly valuable tools that offer flexible financing to help small business owners meet expenses and grow. Lines of credit, much like your personal credit card, have borrowing limits and make funds available to you when you need them. They also give you the option to pay down some or all…
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The Benefits of Business Lines of Credit
For small business owners that have ongoing business expenses and uneven cash flows, a business line of credit may be the most convenient and useful financing method in your toolbox. Too often, however, small business owners confuse a business line of credit and a business credit card and end up paying a higher interest rate…