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The Pros and Cons of a Business Line of Credit

If you’re looking for business financing, you might consider a business line of credit. Here’s how this facility works and the benefits of a line of credit over business loans. What Is a Business Line of Credit? A line of credit is a type of flexible (or revolving) lending facility. Distinguishing features of lines of...

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Business Loan Secured or Unsecured?

When you’re applying for a business loan, it’s crucial to know the difference between secured and unsecured loans and lines of credit. Below, we go over whether small business loans are secured or unsecured, and how to choose the right loan terms for your business. Is a Small Business Loan Secured or Unsecured Debt? The...

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Use Section 179 Smartly to Grow, Expand Your Business

Since 2008, the federal government has offered small and medium businesses an opportunity to more rapidly recover their expenses on investing in their business through an accelerated depreciation option called Section 179. This incentive allows businesses to more rapidly claim their depreciation credit during the tax year that items are purchased or financed and put...

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