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71. $2 Billion Secured - Insider Secrets to Business Loans

The UpFlip Podcast

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The Difference Between Term Loans and Lines of Credit

A term loan is just a set repayment period. Typically today, it'll be 12, 24 months to no longer than 10 years. If you're buying like inventory, if you're constantly needing cash flow gaps between waiting to get paid, that's when you really would want to use a lot of credit because it's ongoing. There are some great products out there with like longer repayment terms and lower rates today.

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