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LONG TERM
Term loan is a common form of long term funding. You get a lump some of cash upfront to invest in your goals and repay with interest over a predetermined time period. This loan type offers fast funding typically within 2 days to a week.
Pros:
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Get a lump sum amount of cash to invest in your goals.
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Borrow higher amounts
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Get funding in 2-7 days
Cons:
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Depends on credit score
Best for:
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Longer pay back terms
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Borrowers who can’t wait long for funding
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