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What is the interest rate for business loan? |
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The interest rate is calculated based on your principal amount and your credit score. But as a business owner, you know that cash-flow is what counts and your monthly payment should be affordable. Sriloans will provide the interest rate for your business loan.
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What documentation will I need when I submit my loan application? |
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For start-ups, you will need a business plan, projections and assumptions on which the projections are based. You will not have business tax returns or financial statements. For credit-based loans, only an application is required.
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What are the disadvantages of using business credit? |
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New business owner is required for guarantee the car. This is often asked by many credit card companies. So the business credit card appears on the business owner’s personal credit. Business card may be reported by your name personally or under business name. So make sure about the clarifications.
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