The first questions to ask are not to the lender, but to yourself. What are your reasons for wanting to take out a small business loan? Do you want to buy equipment? Buy a building? Need capital?
A small business owner needs to have an ironclad reason to be willing to add a loan payment to operational budget challenges. Business lenders will want to know what that reason is.
Should Small Business Owners Take a Small Business Loan?
Should you do it? If you’re just getting started, can you make do with a small personal loan?
