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Advantage of small business loans

January 25, 2012 Leave a Comment

I have taken out a small business loan. It was for my internet café business before as an added capital in my business start-up. Borrowing money or taking out a loan is the least option that I think to pursue my small business. As a regular office employee, my savings did not reach my desired capital to start my own business in the year 2006. I am really eager to have a business during those times so what I did is to take out a loan.

Small Business Administration Loans are truly helpful in business start-up. It can be consider as a great advantage when your money is not enough for the capital to do the business. The lending company helps me decide to create a finance package that fits with my business. I have coordinated with the account officer that analyzes my loan application. She showed me different computations based on loan terms so I can come up with an ease in paying the monthly amortization. It took me a week for the approval. There is a loan collector for every monthly due so no hassle in going out to pay. Missing payments can be avoided with these. I am so glad that with the finance package that they have offered, I do not have a problem with my loan payments.

 

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Filed Under: Business/ Finance Tagged With: Advantage of small business loans, Small Business Administration Loans

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About Super Mommy

Hi, My name is Mommy Jem. In times when motherhood gets tough, I take a deep breath and in my mind I whoop “Super Mommy!”. This blog is extremely a way to express with what and how I feel, experience, and enjoy being a hands-on mom with my two kids and being a supportive wife to my husband. Every moment is a milestone. Read more »

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