Despite the growing reputation of online enterprise loans, a number of misconceptions persist. One frequent fable is that these loans are just for companies with glorious credit score. While good credit can improve your probabilities, many online lenders think about different factors, broadening entry for businesses with less-than-ideal scores. Another false impression is that online loans are only short-term solutions. In actuality, many online lenders provide long-term loans with aggressive charges. Lastly, some entrepreneurs concern that online loans include excessive fees and hidden costs