The Road Most Traveled
Bank loans too few, too hard, too much trouble? Maybe not.
You've looked at all the underrated, less obvious ways to get business capital, but what about the most obvious: business loans. Think you can't get one? You'd be surprised. Don't know how to do it? Try learning. You'll need numbers and advice. And you can start with this: We decided to see just how many of Entrepreneur's Hot 100 got started with just bank loans. We also ferreted out the secret behind the success of their business financing and asked a few of them some pointed questions. Here are some numbers:
- 44 percent of respondents got their loans in less than one month-one in just a week.
- An overwhelming majority (88 percent) got traditional, non-SBA-guaranteed loans.
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