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When looking for a small business loan, a quick search on the Internet will yield a lot of advice. And, much of it will be pretty good. Ultimately though, I think lenders really want to know three things.
If you can show the bank that you can and will make timely payments—and have collateral to back it up, getting a small business loan is much easier. With that in mind, before you go into the bank or meet with any other lender ask yourself: Can I pay? Will I pay? And can I afford to lose my collateral if I don’t?
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Small business evangelist and veteran of over 30 years in the trenches of Main Street business, Ty makes small business financing and trends accessible in common sense language devoid of the jargon.
Blog
10 min read • Aug 19, 2022