According to the Federal Reserve’s 2021 Small Business Credit Survey, banks remain the most common source of credit for small businesses — compared with options such as online lenders, community development financial institutions or credit unions. You can use a business bank loan for a variety of purposes: working capital, real estate acquisition, equipment purchase…
The article Advantages and Disadvantages of a Business Bank Loan originally appeared on NerdWallet.
https://www.nerdwallet.com/article/small-business/advantages-disadvantages-business-bank-loan
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