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The 7-Minute Takeover S2 Ep. 20: Credit Committees and Getting Your Business Loan Approved
Are you worried about your business loan being declined at the last minute? In this episode of The 7-Minute Takeover, we are breaking down the four main reasons deals get rejected and how you can prepare a bulletproof package to ensure smooth sailing.Key takeaways from this episode:- Why credit committees are intentionally insulated from buyers to avoid "slick talkers"- How conservative views on normalized cash flow can slash your loan amount.- What lenders look for in your background and how to mitigate experience gaps- Why you need a plan for "hiccups" and the liquidity to cover debt…
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