Alternative Lenders & Business Loans: Is a Lender Really a Lender?

As a business owner, you’re undoubtedly receiving offers for business loans coming in the mail, e-mail (including spam), advertised online, or even from telemarketers. You’re probably seeing what seems like a long list of alternatives put in front of you. All these people reaching out to you seem to offer somewhat similar things, and they all seem to want your business. Perhaps some of these offers would be of interest to you – after all, sometimes a short-term loan would be useful in helping you meet your business goals, and maybe you don’t have the time available or information at hand, or the ability to wait, to deal with your bank or credit union. In such a situation, considering a loan from one of these entities that advertised to you in one way or another may be compelling.
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Tips for Dealing with Lenders

Many business people seek coaching on how to approach lenders, sometimes from brokers, consultants, or accountants. These professionals can assist in different ways. However, there’s one thing you can do for yourself as a business owner that’s perhaps the most important step in approaching a source of financing. It’s simple, and it’s free: tell your lender your whole, complete, and straight-up story.
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