3 Small Business Loan Mistakes You’ll Want to Avoid

Written by Small Business Tips. Posted in Small business financing options, Small business success, Working capital loans

Working capital loan

Did you know that small businesses provide 55% of all jobs in the U.S.? Small businesses, in many ways, are an incredibly important part of the U.S. economy. At some point in the cycle of all small businesses, a loan will probably be necessary. Why?

For a small business to grow, it often needs to invest substantially in its operations. For some small businesses, that might mean buying a larger warehouse so that the cost of order fulfillment can be driven down, and shipping times can be reduced. For other companies, buying better equipment may be expensive in the short run, but increase production time and quality uniformity substantially in the long run.

When it comes time to take out a Continue Reading