SOURCE: New Business Funders

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June 16, 2016 19:34 ET

New Business Funders Educating Startups on Pitfalls of Applying for Loans to Start a Small Business With New Guide

SCOTTSDALE, AZ--(Marketwired - June 16, 2016) - New Business Funders (http://www.newbusinessfunders.com) has just released a brand new guide that gives some insight into the common pitfalls that new business owners experience when seeking loans to start a small business.

Small businesses represent the financial heartbeat of America. Each day, thousands of would-be entrepreneurs face one hard fact of life: getting business loans is tough when you are just getting started. As conventional banks clamp down and add more restrictions to the borrowing process than ever before, uncountable small businesses face even tougher odds of gaining access to the working capital they need to sustain operations.

But the New Business Funders guide explains that these pitfalls can be avoided if you have all of your ducks in a row from the onset of the application process. Unfortunately, due to current borrowing restrictions, many new business owners may find that the banks are not going to approve them. Fortunately, these businesses have alternative options they can consider, which are revealed in the new guide.

"It's tough to get funded in today's business banking climate, especially if you are a startup," explained Troy Bohlke, spokesperson for New Business Funders, a company that specializes in helping new businesses secure lines of credit. "Our new guide can help you avoid common pitfalls with the borrowing process and can help you better prepare. If the banks are still resistant, give us a call, we fund new businesses every day without any headaches."

You can read the new guide online at: http://newbusinessfunders.com/here-are-some-expert-tips-on-getting-loans-to-start-a-small-business.

About New Business Funders

New Business Funders helps connect startups to the lines of credit they need in a simple and efficient manner. Using their broad network of banks that are eager to loan money to startups, NBF helps get new businesses the credit lines they need without the runaround. Just a 680 FICO score or better gets your business approved for a line of credit from $10k to $250k with low interest and easy repayment options. No tax returns, bank statements, automated payments, business statements or sales receipts required. It really should be this easy to fund your new business.

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