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20 Tips To Improve Your Business Loan Application

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Chelsea Krause

Chelsea Krause

Managing Editor - Accounting
Chelsea Krause is a writer who has specialized in accounting for over three years and is a QuickBooks Certified User. She has a BA in English & Creative Writing from George Fox University and studied at the University of Oxford as well. She has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business.
Chelsea Krause
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    Sherry Gajos

    I really liked what you said about increasing the trust of your lender by having a good understanding of how loans work. My cousin is looking to take out a business loan soon to by some upgraded equipment for his small business, so he’s wondering what he can do to make himself an attractive prospect to a lender. Thank you for the information about how the more educated he is on lending options and procedures, the more likely he will be successful in getting his loan.

      Chelsea Krause

      Hi Sherry,

      I’m happy to help! Best of luck to your cousin during the loan application process! The business loan section of our blog has a ton of posts that can help him learn more about the different types of loans, various loan terms and fees, and what to consider when choosing a lender. Let us know if he has any questions! We’d love to help.

      Best wishes,
      -Chelsea Krause

        Amy Winters

        Thanks for suggesting that we discuss how the loan will benefit our business. My brother owns a small retail business and is preparing to apply for a small business loan to cover new production equipment. I’ll be sure to suggest that he makes it clear how the new equipment would benefit his business.

          Jac Martin

          Thanks for sharing, really very helpful

            Chelsea Krause

            Thanks, Jac! I’m glad you found it helpful! Best of luck in your business endeavors,

            -Chelsea Krause

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            Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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