Why is it so hard to get a business loan?
Question by smith_jn85: Why is it so hard to get a business loan?
I really want to open a designer jeans store in a highly-populated and business centered area. I need 750 K to open the store that fits the model that I would be using. Why is it so impossible?
Great answer:
Answer by just wonderin
because right now money is tight. The lender has to insure that you are able to repay the loan. You are probably considered high risk. In addition, most , but not all small businesses fail.
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