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Attention small business owners! Learn about small business loans and financing options tailored to your needs. Explore term loans, working capital loans, merchant cash advances (MCAs), and more.<br>
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Important Types of Business Loans While many types of business loans serve varying needs, some work better for small businesses than big ones. These include business term loans, working capital loans,commercial real estate loans, and business lines of credit, and MCAs. Here’s a closer look at each one.
Business term loans A term loan can be used to grow your business, whether it be through opening another business location (real estate or a franchise), buying new equipment, or increasing your inventory or other offerings for your customers. Term loans can also sometimes be used to consolidate or refinance business debt or hire new workers.
Working capital loans Working capital is the money your small business uses each day to pay for operational expenses, such as payroll, supplies, inventory, utilities, and your business’s rent or mortgage. In other words, it’s the capital your business needs to operate.
Business lines of credit Business lines of credit can help provide your business with quick cash when you have a short-term gap in your business’s cash flow. You can use a business line of credit to pay for unexpected business expenses, operating expenses, or other needs.
Why Choose Biz2Credit? • Trusted partner for franchise funding • Biz2Credit was founded in 2007 and has provided more than $10 billion in loans. • Dedicated support team • Tailored financing solutions