Author Topic: Business Loan Approval Issues  (Read 205 times)

Offline CincoGreat

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Business Loan Approval Issues
« on: November 13, 2013, 08:42:08 PM »
Do banks or financial institutions approve loans to failing businesses who need capital? Or will this affect one's credit approval?
« Last Edit: November 13, 2013, 08:42:08 PM by Guest »
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Offline SpinningEvents

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Re: Business Loan Approval Issues
« Reply #1 on: November 17, 2013, 06:41:27 PM »
Launching one business requires much skill and preparation specially if you don't have enough money. It's a fact that if you are failing in your business, you will again need some sort of small business startup loan from a third party source. You can always go to the bank and have a dept financing for your business. You will use debt financing as a means to raise capital.
« Last Edit: November 17, 2013, 06:41:27 PM by Guest »
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Offline SpinningKnight

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Re: Business Loan Approval Issues
« Reply #2 on: November 17, 2013, 07:19:55 PM »
That's right. Banks grant loans even to failing businesses and it is all a matter of trust and credibility in one's ability to repay a loan. Naturally they would consider the fact that you have business problems but it will also depend on its causes and your determination to overcome the situation.
« Last Edit: November 17, 2013, 07:19:55 PM by Guest »
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