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Business Financing

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Personal Use


Introducing ... Business Financing ...

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Brief Note :

Forbes magazine reports that a whopping 543,000 small businesses are launched in the United States every 30 days. That is a staggering figure.

Depending on the statistics you believe, somewhere between 50% and 80% of those businesses are going to fail between year 1 and year 5.

Those are some sobering numbers to be sure. Regardless the type of business you are starting or the field you are trying to enter, a lack of funds is almost always cited as the number one cause for small business failure.

This means if you can land a small business loan, you may be able to keep your business from becoming a dire statistic.

There are things you should do and things you definitely should not do to improve the odds that your loan is approved. Whether you are borrowing from the Small Business Administration (SBA) branch of the United States government, your uncle Bob, or a bank, keep the following best practices in mind to help you get the money you need to start your business.

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