Securing a business loan can be essential for growth, expansion, or simply keeping operations running smoothly. However, being rejected for financing can be frustrating and damaging to your credit and confidence. If you're preparing to apply for a business loan, here are 7 ways to boost your chances of approval and avoid the most common pitfalls that lead to rejection.

Now that we have an idea for a business, what do we do next? We must find out if there is a market for our idea. The two steps go...