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Finding Money: The Small Business Guide to Financing
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How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan
The Insider's Guide to Small Business Loans
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Tips for Preparing Loan Documents
Planning to get a loan? Here are some important tips to guide you in preparing your documentation.

by Isabel M. Isidro
Managing Editor

 

1. Be sure your statements are neat and legible. 

2. Statements should be prepared by your accountant; always review figures for any errors or omissions. 

3. Date your statements to coincide with the date of your figures. 

4. Keep projections, assets lists, and collateral statements on the conservative side. 

5. Update financial information annually and forward copies to your banker. 

6. Remember, your banker cannot make a decision until all of your documentation has been received. To ensure a speedy response, make sure your application is complete.  

 

About the Author:

Isabel Isidro for Power Homebiz Guides.
Read her blog at PowerHomeBiz Small and Home Business Blog

 

 

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