How to Get a Business Loan in 5 Steps

Among the many challenges of running a small business is getting a loan. Some entrepreneurs need outside financing to start or grow their businesses and cover day-to-day expenses including payroll and inventory.

  • 1. Ask yourself, why do I need this loan?
  • 2. Decide which loan is right for you
  • 3. Determine the best type of small-business lender
  • 4. Find out if you qualify
  • 5. Now, gather your documents

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