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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. Pay your bills on time: Payment history is one of the credit most important factors that lenders consider when evaluating your credit. 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.
Getting a loan from a bank can be a good option for those who need to borrow a large sum of money or who want to take advantage of a low interest rate. There are two main types of revolving credit lines: secured and unsecured.