Once you’ve determined that an SBA or traditional bank loan is the right kind of financing for your business, you’ll need to package your financial information in a way that makes it easy for a banker to make a favorable decision.
At the most basic level, you will need to provide:
- Basic information about your business
- Basic information about the loan you are requesting
- Financial information about your business
If you still have questions regarding your eligibility with the SBA and their lenders read this article. It is sure to bring peace of mind to you during the process of finding the right funding opportunity for you.
We, also, highly recommend working with one of our Resource Partners who are skilled in helping business owners prepare themselves to approach funding sources.
Search for financing assistance in the Resource Navigator to find the right organization near you to schedule an appointment.