Working Capital Loan for New Business Lots of businesses can qualify for a business loan (traditional term loan)—as long as you’ve been in business and are generating revenue with proof of the financial statement. Not all business term loans are the same, though: the interest rate, length of the term, and maximum loan size depend on your business revenues and financial statement. Since traditional term loans have more extended repayment periods than short-term loans, your business’s financials and credit score are more important. How Do Business Term Loans Work? Every business could use some extra cash. Whether it’s for an equipment upgrade, an order of inventory, or a new contract, a business loan could always help out. But how can you find funding that your business can afford? We deal with all sorts of businesses here at Sub-Sahara Capitals, and we’ve got some insight into which applications lead to which loans. Take a look at how a business term loan works—an...
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