How to apply for small business loans
Financing Your Business. Photo by rawpixel on Unsplash
The first step to applying for a small business loan is to make sure you have good credit. Your credit score doesn't have to be amazing but should be at least 650 or most lenders won't even consider your application. Call your creditors and make payment arrangements. Once you have achieved a decent credit score you can start considering how much money you need for your business. In order to determine what you need you should create a business plan. Before you can apply for a loan you need to find out what type of loan you are eligible for. You should have a business plan. All banks and most lenders require that you have a business plan.
Prepare to apply for a business loan
Preparing a business plan is fairly easy as long as you have a clear idea for the future of your business. If you do not already have a business plan or if you need to update your business plan go hereMaSee How to create a business plan
Make a Mission Statement for your business
If you have not done so already, you will need to create a Mission Statement for your business. Privacy Policies protect your business and are vitally important in preventing lawsuits.
You will need to create a Privacy Policy for your business. Complete the loan application check list
Before you fill out a loan application you should complete a loan application checklist because everything needs to be correct on your application or it will not even be considered. Find out what loans and grants you may be eligible for
The Small Business Administration provides information on finding loans and grants for your business.Watch our featured video below.
Prepare to apply for a business loan
Preparing a business plan is fairly easy as long as you have a clear idea for the future of your business. If you do not already have a business plan or if you need to update your business plan go hereMaSee How to create a business plan
Make a Mission Statement for your business
If you have not done so already, you will need to create a Mission Statement for your business. Privacy Policies protect your business and are vitally important in preventing lawsuits.
You will need to create a Privacy Policy for your business. Complete the loan application check list
Before you fill out a loan application you should complete a loan application checklist because everything needs to be correct on your application or it will not even be considered. Find out what loans and grants you may be eligible for
The Small Business Administration provides information on finding loans and grants for your business.Watch our featured video below.
Loans for Businesses: How to Apply For A Business Loan
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Business Management Made Easy; The Business Owner's Tool Shed
Home/About Us/Privacy Policy/ Mission statement/Terms of Use/Disclaimer/Become a Member/How to Start Your Own Business/Marketing Your Business/How to Use Social Media for Business/How to Get Business Loans/How to Get Business Grants/Venture Capital/Other Websites by Rev. Penny Dean.
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Home/About Us/Privacy Policy/ Mission statement/Terms of Use/Disclaimer/Become a Member/How to Start Your Own Business/Marketing Your Business/How to Use Social Media for Business/How to Get Business Loans/How to Get Business Grants/Venture Capital/Other Websites by Rev. Penny Dean.
This website created by Rev. Penny Dean
Contact Us: [email protected]
References:
1. Hand shake, business, wrist watch and achievement HD photo by rawpixel (@rawpixel) on Unsplash. (2019). Unsplash.com. Retrieved 17 February 2019, from https://unsplash.com/photos/xDE_p0EXpc8
2. Loans for Businesses : How to Apply for a Business Loan. (2019). YouTube. Retrieved 17 February 2019, from https://www.youtube.com/watch?v=HfLVQZLvcH8
1. Hand shake, business, wrist watch and achievement HD photo by rawpixel (@rawpixel) on Unsplash. (2019). Unsplash.com. Retrieved 17 February 2019, from https://unsplash.com/photos/xDE_p0EXpc8
2. Loans for Businesses : How to Apply for a Business Loan. (2019). YouTube. Retrieved 17 February 2019, from https://www.youtube.com/watch?v=HfLVQZLvcH8