08-24-2023, 05:44 PM
I have not ever gone for a business loan myself so have not been able to have been denied as of yet.
I have friends though who put in for business loans and they were denied based on their business plans for the future as they stated they were not good enough plans to ensure that the business would take off enough to pay the loan back. They later asked family for help to fund their business and they now have a successful business.
I have friends though who put in for business loans and they were denied based on their business plans for the future as they stated they were not good enough plans to ensure that the business would take off enough to pay the loan back. They later asked family for help to fund their business and they now have a successful business.