Securing a significant loan, specifically a sum of a million dollars, is difficult. Surprisingly, only a mere 7% of million-dollar loan applications see approval on the first attempt. What this implies is that, a staggering 93% of individuals seeking this level of capital are making fundamental errors. But imagine finding yourself among that elite
Small business owners face tremendous challenges, and missing payments on an unsecured business loan can feel like a financial death sentence. Shockingly, more than half of business proprietors who default on unsecured loans risk bankruptcy within one and a half years. Yet, most remain unaware of five lawful escape routes that could protect their e
Your business might be silently undermining your personal credit score, and you might not even notice it. A shocking over 70% of small business owners are unaware of how their business credit decisions influence their personal finances, potentially resulting in significant expenses in increased loan fees and rejected credit applications.So, does a
In excess of 70% of small business loan applications suffer rejection, often since applicants misjudge what lenders truly seek. The gap between approval and denial usually comes down to preparation, not just the viability of your business. This article unpacks how to qualify for a commercial loan and sidestep joining the alarming rejection statisti
Business proprietors face immense challenges, and missing payments on an unsecured business loan can feel like a financial death sentence. Alarmingly, 60% of small business owners who default on unsecured loans risk bankruptcy within 18 months. Yet, many remain unaware of five lawful escape routes that could protect their economic stability. This i