The Ohio Payday Loan is no longer offered through MoneyKey. Before you take a payday loan, it is good to compare the effective interest rate at different companies, because both the fees and the interest rates can vary a lot. It can also be wise to see whether there are other ways to borrow money to resolve an emergency.When most people think of a small business loan, they think of the traditional five- or 10-year term loans available from the bank, the credit union, or an SBA-guaranteed loan. When borrowing to meet needs like purchasing expensive, heavy equipment, expanding into a new location, or building a new warehouse, a longer-term loan can be a good fit because the longer term allows the borrower to reduce the amount of the periodic payment over the course of the loan and better match to the productive term of the equipment. Nevertheless, there are some loan purposes where the longer-terms of these more traditional small business loans might not be the best fit. In those situations, short-term business loans can be a better fit.
We offer long term loans up to six years. As well as giving you longer to pay back your loan amount, you will also typically have a lower monthly loan repayment with a 72-month term than you would with a shorter term loan of two years, for example.
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