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Most agency owners will opt for a line of credit, when they can qualify to do this form of economic financing. But qualifying to get line of credit, or maybe business loan for that matter, can be very difficult. Individuals for staffing agencies which have no hard collateral. Because it is well known, most institutions provide business loans to companies that have both, the earning ability to repay the loan back and enough collateral to cover the loan if they can’t pay it back. The actual this, only staffing agencies with good track records, solid customers and seasoned management teams get institutional financing.
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