Business credit cards are designed for use by businesses, as opposed to personal credit cards, which are used by individuals. For small business owners in particular, having a business credit card can be a good way to keep their business and personal expenses separate for bookkeeping and tax purposes.
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest.
The U.S. Small Business Administration (SBA) helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.
A merchant cash advance is a type of business funding or loan that is repaid by the lender taking a percentage of the businesses' daily credit or debit card income, directly from the payment processor
A business line of credit is a flexible loan for businesses of all sizes. It allows businesses to borrow money up to a certain amount when needed, either as a lump sum or in smaller amounts up to the total agreed. They can either be secured or unsecured.
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