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The Dangers Of Stacking Small Business Loans

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Bianca Crouse

Bianca Crouse

Bianca Crouse has been writing about business loans and finance for three years. In addition to Merchant Maverick, she has appeared in Startup Nation and Business.com, among others. She has a BA in English from George Fox University and lives in the Pacific Northwest.
Bianca Crouse
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    John

    It should be commonly known, but it always helps to reiterate that taking out multiple loans to pay back other loans is just a bad idea. If things don’t work out well (which is incredibly possible), you’ll find that you’ve dug yourself into a much deeper hole than you were in to begin with and now owe even more people money that you do not have. Not only that, but the lenders you’ve been working with will not be happy at all about the additional risk you’ve accumulated.

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