Your greatest educational resources in this process of raising capital are startup owners who were once in your position! When you’re financially ready to apply for a business loan, compare the reputations of several lenders by reading reviews from current or past borrowers. Look for mentions of positive customer service and clear terms and conditions, and watch out for red flags like unauthorized sharing of contact information to third parties. By doing your research ahead of time, you’ll be more likely to acquire your desired loan type and amount from a trustworthy company.
Contributors: Rebecca Graham from Best Company