Alice sat nervously in the banker's office. She had never asked for a loan before, but she desperately needed $10,000 to start her own business.
"Can I borrow $10,000?" she asked, her voice trembling slightly.
The banker smiled kindly. "Of course," he said. "What kind of business are you starting?"
Alice explained that she wanted to start a dog walking business. She had always loved dogs, and she knew there was a big demand for dog walking services in her area.
"That sounds like a great idea," the banker said. "Can I tell you about a few of our small business loan options?"
Alice listened intently as the banker explained the different loan terms and interest rates. She finally decided on a loan that would allow her to purchase a van and all the necessary equipment for her business.
"Thank you so much," she said to the banker. "This means the world to me."
Questions:
What are some of the things you should consider before asking for a loan?
What are some different types of loans available?
What are some tips for getting approved for a loan?
What are some of the risks involved in borrowing money?
How can you make sure you can afford to repay your loan?
What are some other ways to raise money for a new business?
What are some of the challenges of starting a new business?
What are some tips for success as a new business owner?
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