The initial $349 billion pool for emergency loans for small businesses derailed by the coronavirus pandemic has run dry as Republicans and Democrats squabble over how to replenish the relief program. Monetary loan provided to borrowers that must be paid in full when the borrowers receive their next pay check. The loan amounts granted are typically fairly small and are based on how much money the borrower grosses each pay period These loans include high interest rates that will usually cause the borrower to acquire additional debt if the loan is not paid back on time.Credit card providers often charge a separate interest rate for cash advances that's higher than the standard variable purchase rate on a card. If you decide to use your credit card for a cash advance, it could cost you more than using your card to make a purchase of the same value.
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