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Texas and Ohio originate by a third party lender, restrictions apply.
They want protection against losing those profits, and thats why prepayment penalties can be included in some contracts. What is a business loan.
A business loan one that can be used to fund start-ups, pay for expansions, pay staff, or even buy business-related equipment, like computers. The borrower repays the loan under the normal terms of the agreement.
Many business loans require a guarantor, someone who signs off, to guarantee the loans repayment. If the business defaults, the guarantor can be on the hook to repay the loan--and if the guarantors are the business owner, their personal assets may be at risk. Were Committed To Service, Speed Security.
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