Many business owners are waiting for a 7% interest rate and a 3 year term when obtaining business finance. Many business owners decide to go to their bank and the lending process may take 2 to 4 months.   The question is; does it cost to wait?   Sometimes, as a business owner you need to see the opportunity that lies in front of you. Some businesses can afford to wait because the opportunity is not there immediately. However, if you have the opportunity to buy products at a 50% discount and increase profit margins immediately you may consider taking a higher cost loan rather than waiting for a bank loan. If the bank loan does not get approved or it takes too long the opportunity may go away.  Next time you make this decision; ask yourself if the cost of waiting outweighs the opportunity? Simple business tips for business finance.