Increasing Odds of Getting Small Biz Loan
By JJ Thomas • Nov 7th, 2007 • Category: Accounting & FinanceRegardless of the economy, entrepreneurs are risk takers and bankers are conservative. Lenders want to make “safe” loans, and virtually all of the major ones rely on credit scoring systems. That is unlikely to change in the immediate future. How can an entrepreneur increase her odds of winning a loan? There is only one tried-and-true way: proving to a banker that you are very likely to pay it back. More…
JJ Thomas is the founder and chief promoter and contributor for BirminghamSmallBusiness.com. JJ has a passion for entrepreneurship and enjoys helping fellow aspiring and practicing entrepreneurs. JJ has also founded other related business ventures, such as Entrevisor (providing entrepreneur advisory services) LOLO Rewards (coalition loyalty and rewards program for locally owned, independent businesses), The Entrecyclopedia (the Entrepreneur's Encyclopedia of useful information) and EntrePulse (a weekly roundup of practical info for aspiring and entrepreneurs).
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