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Costs of Business Borrowing: Simple Interest, APR, Factor Rate & Amortization (Explained)

February 25, 2020

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A successful small business needs constant investments. You should invest your resources, time as well as cash to turn your startup into a prosperous company.

However, not every business owner has enough financial savings to support their small venture. Thus, taking out a small business loan can be beneficial and bring that much needed monetary support to stay afloat and develop the venture further.

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