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† The Annual Percentage Rate (APR) is the cost of credit as a yearly rate and ranges from 5.99%-29.99%, which may include an origination fee from 0.99%-5.99% that is deducted from loan proceeds. This can also affect the affordability of the loan repayments, and crucially, if the scores are improved, the interest rate is reduced. In case of good business performance, they may even offer to refinance existing loans at competitive SME loan interest rate. These are good questions. Lines of Credit and Available Income All lines of credit (and credit cards are lines of credit) base their limits on the applicant’s ability to repay their debt. In addition to this, the applicant must be above eighteen years of age with a fixed source of income. The days of stated income loans for residential investors are over. Payday loans allow you to obtain money in a shorter timeframe with few restrictions. Long history, but no prior auto loans. Another way of reducing equity is to disburse profits to the owners of a business. If customers are not satisfied with your product or service, then allowing them to return it is a simple and cost effective way of refunding the money.