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It is designed for purchase of fixed assets such as buildings or land or to refurbish existing buildings, buy long-term equipment or machinery, make street improvements such as grading, and install utilities, parking lots, or landscaping. The loan is a fixed-rate, long-term form of financing and cannot be used to pay off or consolidate existing working capital, purchasing inventory or refinancing debt.
This free guide provides you with a concise list of questions to ask and mistakes to avoid when applying for a business loan, plus you would also receive complimentary quotes and proposals from several reputable lenders. |
