When you’re running a small business, there’s always a need for extra funding. Whether you’re looking to expand your operations or just cover some unexpected expenses, a small business loan can be a great option says Thomas J Powell. However, getting a small business loan is not always easy. Lenders are often hesitant to give out loans to small businesses, and the application process can be daunting.
To increase your chances of getting approved for a small business loan, avoid making these 13 common mistakes: