What do lenders consider when they review loan applications from business owners, startups, and entrepreneurs? Most financial institutions follow a common set of criteria when assessing a loan request, often referred to as “the 5 C’s of credit.” What are the 5 C’s of credit, you ask? The five C’s of credit are: 1. Character,
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Business Tip No. 5: Your Time Is Valuable
Time is the greatest asset a small-business owner can have. Treat is as such! But when you’re working around the clock to keep your business running, you’re often left with little time or energy to tend to the smaller things like administrative work. Have a good sense of the value of your time. Think of
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