Business
7 Mistakes to Avoid When Applying for a Business Loan (Guest Post)
By Invest Openly  •  January 3, 2018
Businesses will require an additional injection of capital, big or small, several times throughout their cycle. Business loans are one of the options companies can look into to get additional funding which can be used various purposes: for purchasing additional IT equipment andmachinery, cover operating expenses, grow or expand your venture, etc.
Common Business Loan Application Mistakes to Avoid
Applying for the right business loan and having it approved will depend greatly on avoiding several mistakes that you may commit during the whole process. As a business owner, you need to make sure you avoid making these grave errors during the loan application process:
1. Failing to have a clear picture of your business’s financial situation
This is the number one loan application mistake you can make from which all others can stem from. Having a messy bookkeeping and accounting system will make it difficult for you to understand where you ...
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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