Before you go to the bank for small business financing, be ready for this.

The trickiest component to obtaining bank financing for a small business is weighing whether signing a personal guarantee is worth the upside. These days, banks almost always ask for or require personal guarantees from small business owners, which eliminates several benefits of incorporating. Not only is it difficult to get a bank to provide financing […]

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How to improve your odds of being financed

Aside from having the assets, collateral, and a stellar financial track record, there are a few key issues you should be prepared to articulately communicate to improve your odds of being financed. Use of funds: Are you buying equipment or real estate? Are you hiring key staff members? Are you investing in product development or […]

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