Business credit is used for business-related purposes such as securing financing for operations, purchasing inventory, leasing equipment, or expanding the business.
Getting machinery finance involves several steps, and the process may vary depending on the lender and your specific circumstances. Here's a useful guide on how to secure machinery finance:
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Avoid financing your business through credit cards. Their high-interest rates, unpredictable terms, and potential negative impact on credit scores make them a risky option.