She graduated with a B.A. in International Affairs from the George Washington University. Although a business profile can include a wide range 5 of information, you'll want to tailor this business profile to particulars that most interest potential lenders. I think it was just the ... credit crunch that prevented us from getting a loan.” Approach banks or lending institutions you have worked with or are a customer of Explore community banks and Credit Unions Talk to a lending officer and find out exactly what documentation they require Be thorough, bring everything they ask. If you want to increase your chance of getting an SBA loan, pursue other paths, such as contacting a non-bank lender. Bear in mind that, because of your credit history, a lender will often charge you a higher interest rate and may require that you secure the loan with collateral, such as the equipment purchased with the loan funds or your own house or car. The purpose of this loan is to provide for the business's necessary expenses that cannot be provided for because the essential employee is not present in the business. Exaggerate. If you don’t have any luck, consider credit unions.
These methods vary depending on the type of financing you're getting. It requires no collateral, financials or tax returns. Tell the story of your business. Other financial documents you give the potential lender should support your repayment timetable. Type all your loan documents.