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Does Your Business Need a Loan or Line Of Credit?

September 2017 / Share

Business loans are available in many shapes and sizes, but it's not always easy to know exactly which one is right for you. Before choosing between a fixed-term loan or a line of credit, take a look at the major differences between the two.

A term loan is often a lump sum payment that's repaid at a fixed rate. These loans are perfect for making a single major investment, like for a real estate purchase or business acquisition.

Business loans might also be available as a line of credit. With flexible borrowing and repayment terms, a line of credit can work well for evening out cash flow and other short-term needs.

If you need more information about financing your business; please contact your local Vectra Bank or complete the short form below and we'll reach out to you!


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