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Work it Step-by-Step to Get a Better Business Loan

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  If you’re a new business owner looking to take out a loan and  apply for a merchant cash advance , you might be disappointed by the offers on the table -- especially if your credit is less than spotless. However, sometimes taking on a more expensive loan than you’d hoped for is a necessary evil to grow (or launch) your business. The smaller loans you qualify for now can lead to larger, less expensive loans in the future. How can you graduate to a better business loan down the road? Here’s your step-by-step guide to finding a lower-cost  Merchant Cash Advance  that fits your needs. Step 1: Use your current loan to become an ideal borrower. The loan you qualify for now will not only help you grow your business but also can position you as an ideal borrower in a future lender’s eyes. Of course, that depends on your using the loan responsibly.  If your credit score or short time in business precluded you from better terms, use this first, more expensive loan to build up a history of good