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by Connor123 on Jan 21, 2011 | Business
HEY GUYS!! i m planning to apply for a small business loan, but i m not clear with the detail about it, do u know how to apply for a small business loan? Did u ever apply for a small business loan? Give me some tips!!THX!!
There are 1 answers for How to apply for a small business loan?.
by Shiloh Kodak On Jan 21, 2011
Before apply for a small business loan
A bank will look at you buss plans, but what they really base their decision on, is if you will be able to pay them back with interest. they will look at your credit. remember that alot of small business close down their doors every day, that is a risk also for the bank.
They Willl look at a solid business plan, credit history, and ability to pay back the loan. try a credit union, they give better rates. is you business going to be a corporation or not? those things they wil look at.
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