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

1 answer

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.