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Payday loans are short-term loans that are typically due on your next payday. Instead, try to pay your balances in full each month and only charge what you can afford to pay off.
More flexible repayment terms: Credit unions may be more willing to work with you to find a repayment schedule that fits your needs and budget. If possible, it may be a better choice to seek alternative sources of funding, such as a personal loan or a cash advance from a bank. They can be a useful financial tool for small businesses, as they can provide a source of funds to cover operating costs or invest in growth.