For many business owners, applying for a traditional bank loan can be a daunting undertaking.

After spending weeks assembling paperwork, many small business owners are often left scratching their heads upon receiving a rejection.

In order to make the most of your time, avoid these five common bank loan application mistakes from loans.org:

5 reasons your bank loan application may have been denied

If your business has been rejected by your bank and you still need capital, you can learn more about OnDeck on our business loan page.OnDeck can often fund businesses outside the parameters of traditional lenders.

OnDeck is a Google Ventures-backed company with an A+ Rating with the Better Business Bureau. The company offers small business loans nationwide to over 700 different industries.

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