8 Essentials To Qualify Your Startup For A Bank Loan
Startup Professionals Musings
JUNE 23, 2023
The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression. Demonstrate an ability to repay from revenues, not collateral.
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