Saturday, April 11, 2009

How to Have Your Business Line of Credit Application Approved - The First Time

Skeletons in the Closet
Creative Commons License photo credit: Caveman 92223

The best way to realize the American Dream of financial independence is, for many, to acquire capital for their business. Because lenders prefer to loan to businesses with established financial histories, loans through traditional lenders can be difficult for new businesses. In today's market, it grows ever more difficult to obtain loan approval for the business capital you require. Whenever you turn on the news lately, it seems like there is always at least 1-2 new banks that is asking for the government to take over control and bail them out. It is no wonder banks are reluctant to lend, with all of this market volatility.
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