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Glossary

FundKite Glossary of Business Finance Terms.

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Loans

Banks, credit unions, SBA and government institutions are the most commonly thought of loan providers. Commercial loans often involve a lengthier application process, heavy credit score checks, government mandated strict requirements of business qualifications, some form of collateral and high interest rates. Many businesses prefer long term loans, but do not meet the requirements nor have the time to wait for funds.

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