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What Are Long-Term Business Loans?

When you take out a long-term loan for your business, you gain access to a large amount of money meant for meaningful investments in your enterprise. Most long-term loan repayment periods range from three to ten years. If you get an SBA loan, your term may extend even to 25 years.

Long-term business loans are term loans with a more extended period for repayment than you would get with a short-term option. You get access to more advantageous long term business loan terms and rates than with short-term loans.

Businesses usually get long-term loans for large and expensive acquisitions and purchases. Examples include significant equipment and buildings.

Types of Long Term Business Loans

A term loan with a repayment period of between three and ten years is the main kind of long-term business loan. With this …

Pros and Cons of Buying an Existing Business

Is buying a business a good idea? There is no simple answer, but buying a business can either be a wise choice or a disaster depending on the industry. Buying a business comes with its risk, but typically the significant barrier of entry risk is lowered because of the preexisting establishment.

The start-up costs of a business come with time and money. It takes time to start a business and a significant amount of money for equipment, inventory, and employees. It's not uncommon for start-ups to not see a return on their investment for the first few months or years of operation.

When buying a business, that worry is out the window. Typically, the original business owner has already completed the burden of marketing, branding, and establishing a working strategy for the business.

It may sound too good to be t…

What Is Invoice Factoring?

Approximately 82 percent of small and medium-sized enterprises fail due to cash flow problems. Of course, several factors can affect your cash flow. An aging accounts receivable or invoices that are past their due dates may account for a fair share of your cash flow challenges.

Luckily, there are financial tools and different forms of asset based lending you can use to manage your cash flow gaps. Invoice factoring is one excellent solution to your cash flow challenges if you’re a business owner with net 30, net 60, or net 90 terms with buyers.

Read on to find out whether invoice factoring is right for your business and how to compare invoice factoring vs line of credit.

Invoice factoring is the financial solution commonly referred to as accounts receivable factoring. In this form of financing solution, a b…