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How to Buy a Car Under a Business Name. In the United States, it’s possible to get a car loan under your business name. You can’t buy a car as a sole proprietor, but you can buy one as a limited liability company or as a.
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A business credit card may be a good option for a line of credit if you aren’t able to obtain a small business loan. They are easier to get than a small business loan. On the downside, the interest rates tend to be much higher than with small business loans.
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Buying an existing business gives you more control but less guidance. When you buy an existing business, you typically get complete control over its direction. However, with no set vision, infrastructure, or external guidance, your business could struggle as you figure out the best way to run things.
Meyer Glass & Mirror Co. in investing in its business after securing a loan from the Michigan City Revolving Loan Fund. The 92-year-old commercial architectural glass and glazing contractor secured.
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