Erica has actually been crafting about small business finance and technologies given that 2008. She joined Merchant Maverick in 2018 and concentrates on studying and reviewing business program, fiscal merchandise, and various matters to assist small businesses handle and grow their functions.At LendingTree, we're devoted to giving precise and actio
Over 70% of small business loan applications encounter rejection, often due to the fact that applicants don’t understand what banks actually require. The gap between success and denial often depends on preparation, not solely the strength of your business. Let’s dive into how to secure a commercial loan and evade becoming the staggering rejecti
Business proprietors face enormous challenges, and defaulting on an unsecured business loan can feel like a financial death sentence. Surprisingly, more than half of business proprietors who default on unsecured loans risk bankruptcy within a year and a half. Yet, most remain unaware of five lawful escape routes that could protect their economic st
Over 70% of small business loan applications face rejection, often since applicants fail to grasp what financial institutions actually require. The key between approval and rejection often depends on preparation, not just the strength of your business. This article unpacks how to qualify for a commercial loan and sidestep joining the alarming rejec
Your business might be silently undermining your personal credit score, and you might not even notice it. A shocking three-quarters of small business owners lack knowledge of how their business credit decisions impact their personal finances, potentially resulting in significant expenses in elevated borrowing costs and rejected credit applications.