Mistakes That First-Time Small Business Loan Recipients Make

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Mistakes That First-Time Small Business Loan
Recipients Make
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Missing EMI deadlines
1

• It will impact your credit history and future
  borrowing capability.

3
Hiding cash flow issues
2

• Informing the lender about this issue will help
  you with loan restructuring.

4
Misunderstanding the costs of the loan
3

• A small business loan comes with processing fee,
  prepayment charge, etc.

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Misjudging your requirements
4

• Over leveraging the loan amount can result in
  higher interest payments.

6
Not nurturing a relationship with the lender
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• It will affect your future borrowing capacity and
  may result in higher interest rates on future
  loans.

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To make the most of your small business loan,
avoid the common mistakes listed above.
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Thank You !

• Would Love to hear from you.

• Hero Fincorp Limited

• 09, Basant Lok, Vasant Vihar, New Delhi - 110057

• Tel [phone]

• Email corporate_at_herofincorp.com

• Website https//www.herofincorp.com/

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  -make