Posted by Donna in Credit, General Business
Here are some of the popular sources for fast corporate credit
-vehicle leasing
-equipment leasing
-small business loan through the SBA
-trade lines from suppliers
-business credit cards
and one to avoid…
Beware and company calling and offering you a business credit line out of the blue. Often these are companies that print a catalogue, and you can only use the credit line to purchase items from the catalogue… at federal government-like prices… I mean who needs a $47 stapler?
It gets worse. These companies usually also charge an annual fee and high interest, and don’t report to the credit bureaus. Borrower beware!
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