Small Business Loan!!

[WillieGearhart]

What is the process of getting a small business loan? Does the application need to have a good credit. What needs to be included when applying any other info about applying.

[snafu]

In this area a written business plan would help your loan officer assess your business loan application. There are lots of outlines available on -line. The process will help you explain why you want the loan, how much you want to borrow and your plan to pay back the sum borrowed. Wishing you success

[wenice]

There are banks that accepts small business loan. They will help you in terms of finances if you are planning to start a small business that have big chance for profit. Just like any loan, the bank will perform credit investigation to ensure that you have the ability to pay. Some might ask for a collateral while others will not. Presenting a thorough business plan will help the banks to easily decide if you deserve the loan or not.