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Business Loan: How to Choose and Get Financing Wisely
... them - otherwise, taking on a new loan is risky for both the borrower and the lender.
It is worth noting that banks rarely issue loans for starting a business - when the enterprise does not yet have a history of activity - and under strict conditions. Beginners often have to start developing at their own expense, support from investors or government programs until they have built up a positive business reputation.
It should be remembered that business lending conditions may differ in different organizations....