Dealing with Rejection in Small Business Funding
When applying for a small business loan, you must project confidence. The loan officer should know that even if he rejects you, you will go elsewhere. Your business is not dependent on this one loan application. Even if, inside, you feel helpless and stuck, just fake it until you make it. You’ll get that loan eventually, but not if you give up. Surround yourself with supportive friends and family who won’t let you give up your dream. After each rejection take a little break to recuperate, then try again at a different bank or credit union.
You may also want to look to unusual sources for loans. There are community organizations, micro-loan companies, and venture funds set up for specific populations, such as:
- Women
- Hispanics
- African Americans
- The handicapped
- Recent college graduates
- Scientists
- Artists
Could one of these foundations help you?
Additional Business Training.com Resources
Tags: find small business funding, get small business funding, list small business funding, small business funding, small business funding for you, small business funding today, what is small business funding
