You’ve approached your lender and submitted a loan application only to find out you’ve been denied. This is, unfortunately, a common reality for many small business owners. In contrast to how they handle applications for a personal loan or credit card, lenders are much pickier when it comes to approving financing for small businesses. Lenders may reject your small business loan for a host of reasons. Perhaps your personal credit history has a few recent black marks.

Source: Forbes July 07, 2017 17:26 UTC