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MicroLoan Program: mostly used for short-term purposes, such as purchase of goods, office furniture, transportation, computers, etc. The maximum amount is fixed at $50,000. A good place to begin shopping for an installment loan is with your local bank or credit union, where you already have an established relationship with a potential lender. And if you are approved for an installment loan from your local bank or credit union where you already have accounts such as checking or savings accounts, you may qualify for discounts on the interest rate. Impact to Credit Scores: Your lender may report late or missed payments to the credit bureaus. This can negatively affect your credit store. Consumers with credit difficulties should seek credit counseling.
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See how LendUp borrowers are succeeding. index Acquiring a Small Business Loan may become confusing with so many options available in the market. Small business loans are the most preferred option for a majority of small businesses. The reason for this is obvious - easy to apply for and easy to repay. We offer a streamlined loan application process with minimal paperwork and a wide range of small business loan programs where we customize a plan for your small business that gets you the funding you need at an affordable price.
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