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Personal loan is an unsecured loan that does not require any collateral and can provide the capital needed from financing a vehicle purchase, to debt financing, to debt consolidation for the purpose of improving credit ratings. Personal loans can be also used as an alternative to tide over short periods of cash flow shortage in a business while waiting for approval or disbursement of business loan. Similarly, personal loans can also be channeled into your business to boost cash flows, for the purpose of qualifying for business loans.
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