Question
When securing your first business loan, you should do all of the following except:
A. find your credit score
B. prepare a business plan with financial projections
C. complete a loan application
D. take the first loan option to guarantee you can get a loan
A. find your credit score
B. prepare a business plan with financial projections
C. complete a loan application
D. take the first loan option to guarantee you can get a loan
Answers
GPT-4o mini
The correct answer is **D. take the first loan option to guarantee you can get a loan**.
It is generally advisable to shop around for different loan options to find the best terms and rates rather than just accepting the first option available.
It is generally advisable to shop around for different loan options to find the best terms and rates rather than just accepting the first option available.
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