How do I get a small busines loan?
While specific documentation requirements vary by lending institution, the common requirements include a written business plan including the purpose of the loan, market data, history of the business (if applicable), 3 year historic financials for existing businesses, three year cash flow projections, owner’s personal cash injection into the business, personal financial statement, employment history and personal resumes of all principle officers. The bank will take all of your information as well as your credit history and current credit score under consideration and reply to your request with its determination.
