How do I prepare to get a business loan ?
Answer:
The basic three questions a lender will ask you is, how much do you want to borrow?, how will you use the loan?, and how will you repay the loan?. You must be prepared to answer these questions. When you apply for the loan, you must be able to provide prior, current and projected financial statements and a business plan which includes the name of the business, location, production facilities, business goals and legal structure. A description of your business experiences and management capabilities as well as the expertise of your key personnel will also be needed.
Interested in more Bookkeeping & Write-up Questions?
- there is an over accrual that is still sitting in the liability for three years now.. if i want to reverse should I use relevant expense account?
- What is kiting a check ?
- What is an accounts receivable aging schedule ?
- I live in Georgia , where do I file Employer's Quarterly Federal Tax Return 941 ?
- What is forecasting ?
