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The bad news is that they charge higher interest rates than banks do; generally anywhere from 2% to 10% more than banks.
The good and/or bad news is that they are partial to deals over $500,000.
A finance company is a good idea if the following applies to your business:
* You need to borrow in excess of $500,000.
* You will continually need to extend your line of credit.
* Your credit history isn't bad, but isn't necessarily perfect.
* Your company has a high debt/worth ratio, but a strong cash flow.
