How To Apply For A Business Loan - Tweak Your Biz | Small business news; tips; networking

Posted by businesstrader under Raising Capital
From http://tweakyourbiz.com 3706 days ago
Made Hot by: BizWise on October 2, 2014 2:19 am

When a business opens its doors for the first time, it uses financing it received from a variety of sources.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by finhealloans123
2612 days ago

[Moderator's note: removed spam comment. ^ML]

- 0 +

Written by Moneycation
3683 days ago

Bookkeeping practices also influence how a bank perceives a business loan application. For example, transferring debt to a subsidiary corporation improves balance sheet ratios such as working capital.

- 0 +

Written by AngelBiz
3703 days ago

Excellent advice. I would also add that you need to have all documents in order before you apply for the loan. Any lender will ask to see your financials, sometimes dating back 3 years, to ensure the business is on the sound footing.

- 0 +