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Typical terms of Bank Statement Working Capital loans

Typical terms of Bank Statement Working Capital loans

Lending companies with multiple programs have terms anywhere from near-bank rate simple interest loans, to starter loans that are initially more expensive. If the goal is to have an option for simple and quick commercial credit, then starter business loan programs are often an avenue to get there. They are usually smaller loan amounts for shorter terms, and allow small business owners to build history and graduate to the more preferred or premier micro loan programs. Premier programs are often preferred by business owners than bank loans or commercial loans… due to the simplicity and quickness of funding.

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