Can a sole proprietor get a business loan?

A sole proprietorship is a type of business entity owned and run by one individual. A sole proprietor has complete control over the business and is entitled to all profits. However, they also carry unlimited liability for any losses or debts the business incurs.

Sole proprietors may need access to capital to start or grow their business. But can a sole proprietor get a business loan? The answer is yes, sole proprietors can get business loans, but the process is different than it is for larger or incorporated businesses. Here is an overview of how can a sole proprietor get a business loan?.

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