How Business Partnership Loans Work
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What Is a Partnership Loan?
How Partnership Loans Work
4 Types of Partnership Loans
1. Bank Loans to Partnerships
2. SBA Loans to a Partnership
3. Business Lines of Credit
4. Cash Advances
Why Business Partnerships Might Need Loans
To Boost Cash Flow
To Fund a Marketing Campaign
To Hire More Staff
To Buy Equipment or Inventory
Types of Partnerships
General Partnerships
Limited Partnerships
Limited Liability Partnership
Pros and Cons of Partnerships
Partnership Shareholder Loans
Bona Fide Debt
Loans From Members to the LLC Partnership
Comparing Business Loan Rates
Frequently Asked Questions
Photo credit: iStock/nortonrsx
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About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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