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Some businesses also make use of shorter-term loans and lines of credit to fund ongoing operations. A short-term loan means you borrow money and typically repay it within a year....
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A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate...
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