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Getting a Small Business Loan
You’ve got to be prepared with the information your lender needs to make a decision in your favor.
Lenders typically evaluate four key factors: previous business experience; ability to repay the loan; collateral and personal guarantee; and character. Prepare your documents thoroughly—they include your business plan, balance sheet, cash-flow statement, income statement, personal financial statements, personal and business tax returns, and a description of the terms and loan amount, including how it will be used, secured and repaid.
Ahorre July 8, 2006 07:25 PM | Law | Mortgages | Shop