n High Interest Rates: Can be steep, particularly for those with lower credit scores.
Fees: Origination, late payment, and prepayment fees can add up.
Credit Score Impact: Missing payments can hurt your credit rat

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Equipment Financing: This loan is particularly used for buying equipment. The gear itself usually serves as collateral for the mortgage, lowering the chance for the lender.
Invoice Financing: Businesses can borrow towards their accounts receivable. This is a helpful possibility for corporations struggling with cash move gaps brought on by unpaid invoices.
Merchant Cash Advances: This involves receiving a lump sum in trade for a share of future sales. It's a quick way to get capital however usually comes with larger interest ra

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