Guidehouse Financial Services’ Post

How can business owners avoid making mistakes on their loan applications, whether with an U.S. Small Business Administration loan or private financing? Seeking out capital to support business growth and stability can be a daunting task for a #smallbusiness owner. Prior to applying for funds, a responsible business owner should give considerable thought to how the funds will be used, how much they can reasonably repay from business earnings, how long it would take to repay. Small business owners should also be aware that fast and easy applications often also carry high fees and interest rates and arduous repayment terms. In an article for CNN, Guidehouse Financial Services Partner, Cat Riddle, shares how a more comprehensive application, as well as more research into possible lenders and loan types, yields more favorable repayment rates and terms. Click here to read the full article: https://lnkd.in/eqiHBD-Y

8 business loan requirements, and application pitfalls to avoid

8 business loan requirements, and application pitfalls to avoid

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