Thanks to the internet, web apps, and various methods of business automation that now exist, starting a new business today is undoubtedly much easier than it was even just a decade ago. But unless you are a lean technology startup that is built either wholly or mostly on the web, there are some time-old growth challenges that are unavoidable for new and growing businesses, one of which is building capital. For many businesses, building capital inevitably means successfully obtaining a business loan.
As a company that works closely with businesses as they build capital, we at Direct Capital wanted to learn some helpful expert tips on the business loan approval process, and specifically, how small, growing companies who are in need of capital can meaningfully improve their chances of getting their business loan approved. To do that, we asked 22 small business & finance experts the following question:
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