5 fail-safe tips to improve your chances of getting a small business loan

Posted by TomGazaway under Raising Capital
From http://www.enmast.com 3950 days ago

If you’re a small business owner in need of a small business loan to grow your business, you may want to understand a few key things that will improve your chances of getting a small business loan. Understanding these key components will increase your chances to obtain financing and simplify the process altogether.

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Comments

Written by ShawnHessinger
3944 days ago

Hi Tom,

I think one thing many of us have heard when exploring financing for a business is that, for loans, some kind of collateral will be needed. Essentially lenders, at least to me and others I know, have always explained that funding of this kind is dependent upon you having some tangible asset you can use as a guarantee. Are there exceptions to this basic fundamental principle? And, if not, why aren't more discussions on business finance prefaced by mentioning this basic fact? It would be helpful for entrepreneurs starting with little or no potential assets to know from the beginning that they will most likely need to seek another source of funds.

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