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Applying for a business loan can be daunting. ACCC explains where to start!
- Determine how the loan will help your business.
- Calculate how much financing you can afford before you apply.
- Do your research and figure out which type of loan is right for you.
- Compare lender fees and loan terms.
- Organize financial statements and account records for the lenders.
- Be prepared to answer lenders’ questions.
- Once you’ve chosen a loan, it’s time to apply!
Make sure you know all the details of the loan before you sign.
Are you ready to apply for your business loan?