You’re currently reading 10 Tips to Secure your Business Loan

1. Get your ducks in a row

get your ducks row
Get your ducks in a row – 10 Tips to Secure your Business Loan

Your business plan is the basis of your business and let’s lenders know you mean business.

Make sure your plan is comprehensive, up-to-date and is an accurate reflection of your current financial situation and future plans. The business plan must be supported by your official company documentation. Be proactive - give them what they need before they ask for it.

In addition to preparing it, you must always be very well versed on the contents of your business plan. The lender will scrutinise every bit of information contain your plan and you should be ready to answer and maintain professional discussions regarding your businesses current status and future potential.

They must believe in your dream as much as you do.

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