Viktoria Melnyk17 Sep, 2024Business
A business loan means that the company receives a larger sum of money in a lump sum, which is repaid with interest and amortization over a certain period of time. Business loans work much like personal loans but are intended for businesses. Business credit, on the other hand, provides a flexible credit limit where interest is only paid on the amount used, similar to a credit card but tailored for business use.
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