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The loan can be acquired for the long term and for the short term purpose. The fixed repayments are spread over a period of time that can be good for budgeting. The disadvantage of taking the loan is that it might hold high interest rate that may have to bear by the businessThe advantage of loans can be recovered in the long run it may be implemented in a short period, or the time to rush financial aid.In addition, reimbursement is set in a time for budgeting.On the other hand, the disadvantages of a loan is the interest rate may be higher and businesses must bear the financial burden.
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