What are the two reasons for business loan denial?
Business loans are helpful in many situations.
However, they can also prove to be one of the worst decisions the businessmen made in their life.
It often happens that the business loan request gets denied by the approving committee.
Some of them might be helpful for the short term, but quite often they create a trap for business owners to go for a loan structure that has a very high interest rate and high payoffs that are highly abnormal. Continue reading