business financing

5 Common Reasons Small Business Loan Applications are Denied (and How to Avoid Them)

Getting rejected for a small business loan is practically a rite of passage for entrepreneurs. Rejection rates can be as high as 73 percent with traditional banks. The odds improve a bit with alternative lenders, who generally approve around 57 percent of small business loan applications, but the rejection rates can be disheartening. Ready for …

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What is a Hard Credit Pull And Why Does It Hurt Your Credit Score

The time has come: you’re opening a new business credit card account, or perhaps applying for a small business loan. And you know exactly what’s coming: someone’s going to have to perform a credit check. Even if you have stellar credit, you panic a bit. You ask yourself, Is this going to lower my credit …

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Here’s What You Need to Qualify for an SBA 7(a) Loan

If there’s one type of business funding that’s heads and tails above the rest, the SBA 7(a) loan is it. A Small Business Administration loan is issued by approved financial institutions, partially guaranteed by the government, and can be used for a variety of reasons. Since it is paid back over a long period of …

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