The Most Common Reasons Business Owners Are Turned Down for Funding

Are you thinking of taking out a loan for your small business but are concerned about getting rejected? While it’s true that only one in four small business owners will qualify for a bank loan, alternative lenders have been approving roughly 60 percent of small business applicants according to a 2016 study. And no matter what type of lender you want to borrow from, your business’s eligibility is under your control—to a degree.

By understanding these six common reasons why...

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