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Take Martin for example. Martin and his wife inherited several thousand dollars from a relative and were able to use that money to purchase the all the equipment and supplies they would need to start a carpet cleaning business. With their personal credit cards, they purchased stationary supplies, uniforms, and other supplies they needed to run the business. In no time, their business was up and running, and Martin began cleaning the carpets for their first customers, hopeful that word of mouth would be enough to generate the amount of business he needed to support his family. A few months later, business was still slow, so Martin and his wife decided to use most of their remaining savings to pay for advertising in their local yellow pages and several other publications they hoped would increase their business. While business improved slightly, it wasnât enough to generate enough income to live on. With their savings depleted and their personal credit used up, Martinâs wife started working in the evenings to bring in some extra income while Martin applied for several business credit loans. Unfortunately, because he had not taken the necessary steps to qualify for a business loan, Martinâs requests were denied. With such a loan, you may be able to defer payments for a period of a few months. You also may face no penalty for early repayment. The terms of the loan may also be quite generous, allowing you to make payments over a period as long as 84 months. You can use such a loan to consolidate debt, pay education expenses, or pay home improvement costs. What is a Non-Payday Loan? We, at Short Term Loans Alabama, only use updated software to protect your data. Hence, do not be fearful while entering your details in the online application forms. You may read our Privacy Policy to have more insight on this subject.
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