When it comes to small businesses, getting funding is not as easy as it seems. Due to high-risk, lenders especially traditional ones are generally reluctant to provide loans to small business owners. Moreover, if you're an aspiring entrepreneur, fin...
When the money comes in, Chris said he is hopeful that he would bring back his full-time employees and buy more products for his retail store. "I am going to make the orders and call my staff, "he said. "We should always stay positive and don't lose hope", he said. "We should cut costs, manage cash flow, create an emergency fund and act promptly when such a situation comes, he added."
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For aspiring and other small business owners looking for funding, he offered the following advice:
"Finding the right type of loan for your small business can be difficult so just keep trying," he said." Don't apply to one lender and compare your options before finalizing a lender. Find and compare a variety of loan offers from multiple lenders and choose one that best fits your current financial needs and budget.
