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Starting your own business is an exciting and fruitful experience for many entrepreneurs. Yet many people hold the misconception that setting up a company is a complicated, drawn-out process. As a result, they don't follow their dreams.
Know your credit score before you go to the bank or credit union to apply. Your score will affect your chances of getting the loan as well as lenders' willingness to back you. That's important as you think ahead to financing your day-to-day operations. Do you intend to let your customers pay by credit card. Is your bank willing to cover that risk.