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Thinking about applying for a business loan for your small business? You’re not alone—and you’re not wrong to hesitate either. Business loans can help you expand operations, buy inventory, or hire staff. But not all loans or lenders are created equal. While big banks offer large loans and competitive terms, approval isn't always easy. In fact, according to the 2023 Small Business Credit Survey, big banks approved only 66% of loan applications for small businesses less than their smaller counterparts.
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