Despite the rising popularity of online enterprise loans, a quantity of misconceptions persist. One frequent fable is that these loans are just for businesses with wonderful credit score. While good credit can enhance your chances, many online lenders contemplate different elements, broadening entry for businesses with less-than-ideal scores. Another false impression is that on-line loans are solely short-term solutions. In actuality, many on-line lenders offer long-term loans with competitive rates. Lastly, some entrepreneurs worry that online loans come with excessive charges and hidden costs