Here’s a simple yet practical guide on how to go about preparing to apply for a small business loan. 1. What criteria do banks look for in making small business loans? Different banks or lending institutions may have different standards, but in general, in order to consider your application for a small business loan, banks will [...]
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Many first-time entrepreneurs find it difficult to launch their chosen business on a shoestring budget. If you need financial help and your bank won’t help you, consider going the route of a SBA-backed loan. The United States Small Business Administration doesn’t loan you the money directly; they partner with selected banks and guarantee the loan [...]