Securing a sizeable loan, particularly one for a million dollars, is no simple task. Remarkably, only just 7% of million-dollar loan applications are approved initially. What this implies is that, an overwhelming 93% of individuals aiming for this life-changing investment are making fundamental
Your company could be quietly damaging your personal finances, and you might not even notice it. An astonishing 73% of small business owners lack knowledge of how their business credit decisions impact their personal finances, potentially resulting in significant expenses in elevated borrowing c
Over 70% of small business loan applications face rejection, often due to the fact that applicants misjudge what lenders prioritize. The difference between approval and denial often depends on preparation, not solely the strength of your business. This article unpacks how to obtain a commercial
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Business proprietors face immense challenges, and defaulting on an unsecured business loan can feel like a financial death sentence. Surprisingly, 60% of small business owners who default on unsecured loans risk bankruptcy within a year and a half. Yet, most remain unaware of five legal strategi