From time to time, a business needs a cash injection. With so many lenders offering a dizzying array of products, it can be difficult to know what to choose. There are plenty of different types of business finance, but before diving in and applying, it’s important to understand your requirements first, so that a loan can be matched to your needs, and so that you can potentially avoid the problem in the future. Do your homework first, because if you don’t, you’re going to buy the wrong product. There are hundreds of ways of getting the money, but you’ve got to match those with the purpose. The consequences of choosing the wrong finance product include paying too much for finance, or ending up with
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