5 Tips for Getting a Business Loan for Your Small Business

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  • In today’s economic climate, getting a small business loan can be difficult—especially if, say, the boiler in your shop is broken and you need money immediately. If you’re unable to procure money from a traditional lender, another option is a merchant processing loan. In reality, this is less of a loan than it is an advance on future credit card/debit card sales. The application process is simpler and quicker than that of a traditional loan, meaning you’ll be able to fix your boiler before your customers are frozen out. Here are five tips for getting a small business loan, with a particular focus on the merchant processing variety.

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