
Key Methods to Fund Your Business Growth
Small business owners are always looking for new ways to grow their company and improve it. This will require funding at some point to cover expenses. It is more difficult than you think to get additional capital because of the many roadblocks. In 2023, data shows that 59% of SBA applicants received funding but only 34% were fully funded. For those who were denied or did not receive communication, these were the main reasons: They had only operated their business for a few months Credit history for personal or business accounts that are poor Missing loan documents Financial documentation lacking These issues apply to…