Equipment Financing

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Various forms of short-term business loans exist, each with its unique characteristics:

1. Term Loans: These loans have a fixed repayment term and interest rate, commonly used for specific projects or investments.
2. Lines of Credit: Offering a revolving credit limit, businesses can access funds as needed, with interest charged only on the borrowed amount.
3. Invoice Factoring: Involves selling accounts receivable to a third party at a discount, converting unpaid invoices into immediate cash flow.
4. Business Cash Advances: Businesses receive a lump sum payment in exchange for a percentage of future sales.