![]() ![]() Plenty of institutions - including banks, SBA lenders and franchisors - provide franchise loans. If you are starting a franchise business, you may consider a franchise loan. They’re ideal for newly launched businesses that don’t need too much cash to emerge from a crisis. These are offered by the government and nonprofits. How much cash do you need to stay afloat? If it’s $50,000 or less, consider a microloan. If you’re unsure of how much money you’ll need to keep your business in functioning order, this is a good option. Business lines of credit usually are linked to a business’ checking account and offer a credit limit with a ceiling of how much you can borrow - just like regular credit cards. So can small businesses, in a sense, though they look a bit different. Take Our Poll: Are You Concerned About the Safety of Your Money in Your Bank Accounts? Credit LinesĬonsumers get credit cards everyday. What you can do/buy with these loans is very flexible. They provide a lump sum of money that you pay back over a fixed term. One of the most popular type of small business loans are term loans. Make Your Money Work Better for You Term Loans ![]()
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