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Resources & Tools

7 Steps To Getting A Business Loan

Applying for a business loan can be daunting. ACCC explains where to start!

  1. Determine how the loan will help your business.
  2. Calculate how much financing you can afford before you apply.
  3. Do your research and figure out which type of loan is right for you.
  4. Compare lender fees and loan terms.
  5. Organize financial statements and account records for the lenders.
  6. Be prepared to answer lenders’ questions.
  7. 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?

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