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Getting a Business Loan: Financing Your Main Street Business by Ty Kiisel

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Funding the American Dream

10 Percent Just Isn’t Good Enough

Every day, Main Street business owners wrestle with the challenges of finding the cash they need to finance growth or to use as working capital. Banks want a credit score of 720, three to five good years in business, and a fat savings account.

My small business career started as a 16-year-old driving the delivery truck for my father’s small industrial supply business. “If I had that,” he would say about the banker’s requirements, “I wouldn’t need a business loan.”

Financing a Main Street business isn’t easy. Only 10% of loan applications made at the bank actually get approved, making ...

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