One of the most critical decisions to make in the process of chasing business capital is determining how much to ask for. If the business owner can’t justify the amount of the financing or articulate a clear path to return it, the deal is going to be declined.

Without preparation, the business may find that it has spent considerable time, effort, and money getting financing that is either too small to cover the identified needs of the business or too large to comfortably repay. A thoughtful effort to create a reliable budget for the financing is imperative.

Homing in on the right amount to finance requires attention to details and consideration of some of the contingencies that face the enterprise. The company must ...

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