Many very successful business owners have experienced a small business loan application rejection. In fact, some statistics suggest that less than 50 percent of business owners are able to get approved for a small business loan. How well you’re able to bounce back from rejection today will greatly impact whether or not you’ll be successful tomorrow.
Here are three suggestions that will help you regroup, reapply, and reap the rewards of a successful loan application.
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8,000 creditworthy small businesses & entrepreneurs are declined for funding in the United States everyday. These businesses would've been approved if they applied to the funder that's the best match for them. Accessing a network of the nation's 20,000+ responisible, trusted, and low cost community lenders, SourceFunding.org helps you apply for the right funding from the right source. Learn more here.