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Critical pain points for business borrowers

Abrigo

Instead, applicants have more gripes about the process they encountered at financial institutions than about the financial aspects of their transactions, according to the 2016 Small Business Credit Survey by the Federal Reserve. Imagine you are a business borrower looking for a loan,” he said.

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The Credit Score Guide: How Raising Your Score Can Save You Thousands on a Loan

Fundera

That’s right: your credit score. According to data we gathered from 2,500 loans, totaling roughly $140 million distributed to over 22 million small business owners (for our Q1 2016 quarterly report ) , your credit score is a major factor in your loan eligibility. Limit your credit applications.