#1 – Small business loans are readily available through the local bank.
I’ll start with this one because this can be very damaging for a business owner’s credit history if this process is not understood well.
In today’s credit climate, the qualifications from the major banks for a small business to get a loan or line of credit is directly related to the business owner’s personal credit, or the history of revenues related to the business, including any cash or real estate assets.