Small businesses must learn to look beyond rates and fees when considering the terms of a business loan. While rates and fees are an important part of any loan, many small businesses become overly fixated on them, at the expense of other, more important elements.
Length of Maturity
Many lenders cut back on loan maturity rates to ensure quicker repayment. While this is of value to the lender, it can be detrimental to the small business borrower. An increase in the rate of repayment cuts into the availability of cash on hand for small businesses. This detracts from a borrower’s ability to focus on cash fl.... more
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Member Business Lending LLC
7167 S. Center Park Drive, Suite 300
West Jordan, UT 84084
Phone: 1-866-4MBLLLC (1-866-462-5552)
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