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They might be willing to lend 90% of something even more stable and liquid, like cash, but only 50% of something less predictable, like inventory. Once the amount of the loan is determined, the lender will advance you a lump sum that you will repay in equal installments, usually monthly...
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Meanwhile, an alternative lending option, like a merchant cash advance, may take only a few days as it’s based primarily on future sales. The financing company can easily see your revenue history and your projected future sales and make a decision. Alternatives to bank business loans You can...
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Approximately 12 million households use small-dollar loans like payday loans each year according to The Pew Charitable Trusts “Payday Lending in America” (2012) research. Introduction to Loans for Bad Credit What is a personal loan with bad credit?
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