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Funding mistakes I have seen SMEs make

 

A man counts Kenyan Shillings, the currency of Kenya, in Nairobi, Kenya, on Thursday, Feb. 25, 2010. [Photographer: Trevor Snapp/Bloomberg]

To many young entrepreneurs, the thought of borrowing money from a bank is akin to signing up for a listing on the dreaded Credit Reference Bureau for non-payments. But it doesn’t have to be that way. With proper planning, a loan is the saviour any entrepreneur could use to grow, start a business or run one.

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