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Borrowing money can be a necessity for many small businesses looking to expand operations, launch new marketing efforts, hire additional staff and other business growth initiatives. In the process of obtaining capital, it is crucial that entrepreneurs carefully prepare loan applications to increase the odds of approval.

The popular small business management trends website, FitSmallBusiness, recently asked industry experts – including Strategic Capital – their best tips in preparing an application.

The Strategic Capital team advises business owners to have a good, updated online presence. Many lenders will conduct research on a business’ website and social channels so it is important to make sure this information is up-to-date. Check out the link below to see all 25 tips!