Customer-Centric Strategy: Placing Customers at the Core of Business Decisions
Alternative choices are bill discounting or factoring, whereby the company borrows against its outstanding invoices, with the flexibility to acquire funds as quickly as new invoices are created. With invoice discounting, the business maintains control of its personal ledger and chases money owed itself. While typical term loans usually have mortgage terms of 5 years or more, no doc business loans normally have term lengths of lower than two years.
However, once you accept your loan agreement, a fixed-rate APR will assure that the rate of interest and monthly fee will stay consistent throughout the entire term of the loan. …