River Valley Loans Login
www.rivervalleyloans247.com/There are several types of personal loans, but unsecured tend to be the most popular. Personal loans may have a fixed or a variable interest rate, often with repayment periods of one to five years. Loan amounts also vary, typically between $500 to $100,000.
Here are some of the common types of personal loans you may be able to use for business:
Term loans: This is the standard type of loan where you get a lump sum of cash that you must repay over the agreed repayment term.
Personal line of credit: A personal line of credit is similar to a business line of credit. You get a set credit limit, and you can use up to that amount, pay it back and reuse it as much as you want.
Buy now, pay later loans: Companies like Klarna, Paypal, Affirm and Afterpay offer buy now, pay later plans to purchase consumer items without paying the total amount upfront. This could be helpful if you need to purchase equipment, like furniture or office supplies, for your business.