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Secured company lines of credit and term loans

Secured company lines of credit and term loans You can apply for a secured loan if you need a credit line or term loan larger than the maximums offered by Bank of America’s unsecured loans. Requirements are stricter: you really must have made $250,000 in sales within the year that is last. These loans are supported by a lien in your business’s assets so Bank of America has a much better possibility of getting compensated if you default on the loan. These loans are your bet that is best in…

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