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What is a Small Business Loan?

First and foremost, a small business loan is a loan or lines of credit (LC) provided to support your business needs. These funds generally need to be used to provide payroll and basic expenses until your cash flow can support paying down the principal balance over time. A successful SBL is what separates small businesses from the big ones. For example, an auto repair shop that converts all its work orders into revenue creates much more profit than one that does not have its work orders turned into revenue.

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