Obtaining financing in this economy is a challenge. Banks have more rigid qualification criteria and just the chatter about this credit belt tightening has discouraged company owners from applying.
Do not be disheartened before you attempt to secure financing. Review the guidelines within this presentation and from your chosen financial institution, prepare a loan request package that actually builds credibility with the lender. Businesses need credit for a variety of reasons: capital infusion; daily cash flow; business growth; equipment acquisition; or real estate acquisition to name a few.
Thorough and careful preparation can dictate whether your lender says, “Yes!” or “No!”
eBusinessAppraisals.com has prepared the following guide for small business owners in concert with information from America’s largest lending institution, Bank of America. Our LendingEdge service can also help you learn more about business loans and preparing loan request packages.
We hope this will help you further your journey toward success, as we remind you to Know Your Worth, Know Your Way!
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