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Line of Credit

What is Revolving Credit? – Account Terms, Limits & Examples

Revolving Credit: What You Need to Know as a Small Business 

When it comes to borrowing for your business, understanding the types of credit available to you is key to knowing which type to use in different financial situations. The two main types of credit are revolving credit and installment credit. 

If you’re seeking a financial cushion for emergencies, or foresee a situation where your business will need to borrow money repeatedly in the near future, a revolving account from your bank may be what you need. 

In this article, we go through how a revolving line of credit works and whether it is the right choice for your business. 

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Business Planning

Financial Calculators: The Best Free Personal Budget Tools

Useful Financial Calculators for Small Businesses

As a business owner, making money decisions for your business is a process often plagued with fear and indecision. Luckily, some financial calculators and tools can relieve some of the uncertainty. 

Personal finance calculators and financial calculators are specialized tools that help with budgeting, loans, personal finance, and more. They can be used to compute values of investments, cash flow, and loan-related expenses such as interest rates. 

A smart business owner knows the importance of planning, and using financial calculators helps one make strategic, informed decisions about money. 

We’ve rounded up a list of essential free financial calculators that small businesses often need. 

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Business Loans

Small Business Installment Loans: What They Are | L3 Funding

Small Business Installment Loans: Growing Your Business One Installment at A Time 

If you are running a small business, then various kinds of merchant funding are going to be important. You will need to pay for daily operational expenses, supplies inventory and even invest for future growth. In times of financial need, small business installment loans can provide a helpful solution to taking care of these many areas of business.

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Business Loans

Long Term vs Short Term Financing: All You Need to Know

Everything You Need to Know About Long Term and Short Term Financing 

As you run your business, you may find that you have hiccups in cash flow and gaps in paying bills of various kinds. If you plan on running a business, it’s vital to understand the differences between short term financing vs long term financing.

In this post we’ll talk about short term loans and long term loans,the differences between them, and how they can help you. Learn more about the difference between short term and long term loans below.

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Business Loans

Hard Money Lenders: What They Are, The Rates, and More

An Introduction to Hard Money Loans 

If you’re venturing into the world of income real estate or are looking to convert a distressed property into a saleable one, a bank loan may be hard to come by. If you are looking into alternatives for home financing or merchant funding, then a hard money loan may be exactly what you need.

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Business Loans

Short Term Business Loans: Fast Commercial & Startup Funding

Short Term Business Loans: What You Should Know

Financing your small business isn’t always easy, and applying for a loan with a bank can be even harder. Most favor larger companies with an excellent track record and credit history. If this doesn’t describe you, fortunately, all is not lost.

Enter the short term business loan: a quicker alternative to more traditional long term loans. By providing a fast cash infusion, you can help plug the holes in your daily business operations.

However, these loans do have some disadvantages and are not for everyone. Read on to learn what a short term loan is, and if it’s right for your business.

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Business Loans

Types of Business Loans: Options for Small & Large Companies

Common Types of Business Loans

Financing is the lifeblood of any business, and loans provide that much-needed infusion of funds. You might have used business loans to fund your operations at one point. 

But did you know there are lots of small business loan examples available to you, each with its pros and cons? Knowing your options will arm you with the knowledge to help you decide which is the best one for your business.

Here are nine of the most common types of loans for small businesses.