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We Were Able to Expand Our Business

2013
10.30

Business finance advisors | RBS Invoice FinanceWhen my partner and I decided to expand our business to involve a new direction, we thought it would be easy enough to secure the financing for it. We had only been in business for a few years, but we were showing a nice profit. That is why we were surprised when we were turned down for a business loan from the local bank. They were the ones who had given us our initial loan, and we had never missed a payment on it. We were deemed a risk though because of how new we were to the business scene for a higher amount.

Rather than get discouraged, we just decided to look for alternative means of securing additional money.

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