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what types of loans are available?

Loans types
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what types of loans are available?

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A. Subsidized FFEL Stafford Loan, FFEL Unsubsidized Federal Stafford Loan, Graduate Plus, and Private.

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We offer two types of Be My Own Boss loans: • Operating loans Operating loans, or lines of credit, provide funds to cover day-to-day expenses and inventory purchases. As funds are advanced, the available loan is reduced. Your loan is replenished when you make payments. The loan has a pre-set limit and you pay interest only on the amount outstanding, usually on a daily basis. Your monthly cash-flow projection is the best way to determine the operating loan amount to request. • Term loans Term loans provide long-term financing to cover some or all of the cost of capital equipment, expansion or building renovations. Loan principal and interest are repaid monthly.

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All loans are unsecured and are available for terms of 36, 48, or 60 months.

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