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Since I’ve never had any trouble obtaining a home mortgage, credit card, or auto loan, shouldn’t I be able to easily obtain a loan for my small business?

January 10th, 2014 by Gwen Green

Obtaining a small business loan is not the same as getting a personal loan. It is much more challenging to obtain a loan for a small business than a loan to purchase a home or car.

You should not assume that just because you easily obtained a personal loan that you’ll be able to obtain a small business loan. Business loans typically take more time, require more documentation, and are more highly scrutinized.

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