Debt does not always mean financial hardship or struggles, especially in business. It may mean you’re using financing to grow your business or an emergency loan in times of natural disaster. Business debt can be the stepping stone to bring your company to the next ...
Applying for a business loan will impact your business credit score temporarily because the credit bureaus use the number of your loan applications as a signal of how risky you are to lend to. The impact is short-lived because Experian tracks applications for 9 months ...
High interest rates on a business loan could mean faster approvals, no collateral requirement, or shorter payback periods. The interest rate is controlled by a combination of the level of risk taken on by the lender and the convenience they are offering to the borrower. If ...
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