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Web.com Small Business Tip of the Day: Buddy, Can You Spare a Few Thousand?
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Every small business goes through a period where it can use a short-term loan for equipment, a new client or cyclical working capital needs. The SBA’s CAPLines loan program can provide financing for any dollar amount that does not exceed SBA’s limit. Some of the programs available are the Seasonal Line, for seasonal sales fluctuations; Contract Line, for labor and material costs for specific contracts; and Builders Line, for contractors to finance direct labor and material costs (the building project serves as the collateral). There’s also the Standard Asset-Based Line for businesses unable to meet credit standards associated with long-term credit and the Small Asset-Based Line, an asset-based revolving line of credit of up to $200,000.

 


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