For many small business owners as well as veteran-owned business owners, the loan application process can be tedious and overwhelming. It’s hard to know where to start and how exactly to present yourself to a potential lender. That’s why we’ve compiled this checklist for you to reference as you pull together your business loan application for a term loan, line of credit or if you’re mobilizing for contract financing from a factoring company.
What to Know Before You Go
Loan request approvals depend on how well you present yourself, your business and your financial needs to your business lender. The best way to do that is to know beforehand the answers to the most common questions lenders may ask: