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Finance New Mexico: Term loans, lines of credit can finance business expenses

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Posted: Monday, March 17, 2014 7:00 pm | Updated: 10:17 pm, Mon Mar 17, 2014.

When a business needs to buy expensive equipment and doesn’t have the operating cash to buy it outright — or doesn’t want to commit liquid assets to such a big-ticket item — the owner will often approach a bank for financing. The same is true when a business has cash-flow shortfalls because its inflows and outflows are out of sync.

Most banks have commercial lending departments that can offer the business a loan to finance equipment purchases or cover short-term obligations. Two of the most common loan types are term loans and revolving lines of credit. An experienced commercial banker can help the business decide which loan is most appropriate for its situation.

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Welcome to the discussion.

1 comment:

  • Ricky Martin posted at 3:10 am on Mon, Mar 24, 2014.

    Richmar Posts: 1

    Borrowing money is the only way to develop effectively for each successful business. When the perspective business is young it doesn’t have much turnover to reinvest money into it. Here Canadian loans online are considered to be the best solution.

     

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