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Business Lines of Credit
A business line of credit gives access to a pool of funds to draw from when you need capital.
A traditional business term financing is a lump sum of capital that you pay back with regular repayments at a fixed interest rate.
Be the superhero for your company
Business term financing are traditionally a bank product. If you’re applying to a term financing from a bank, you can expect a longer application process with many documents required.
There are now many online term lenders, like Funding Circle and Opportunity Fund, that offer term financing at affordable rates. These lenders have online applications that are much faster to complete and process.