Borrowing funds is one of the obstacles that small businesses face. Obtaining a loan is often difficult for startups, but there are effective ways to boost their appeal to financial institutions.

This is just one of the many ways to generate capital for your business, but the process is just notoriously difficult for beginners – sometimes impossible. In the infographic below, you will find a number of tips to boost your chances of successfully getting a business loan.

Top 10 Small Business Loan Mistakes

Irma Wallace

Irma Wallace

Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders’ Zone, a construction / home improvement portal.

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