What Banks Look For When Offering Home Business Loans
Posted October 30, 2010on:
From angel investors to venture capitalists, these days there are plenty of ways to fund a business, but in the past, the most common and usually the only option was to get a loan from a bank. This may not seem as exciting as finding an angel investor to put up the money with little to no risk to you, but it definitely has it’s advantages (not the least of which is that the bank will not take a hefty founder\’s share of your company). So, you’ve decided that a bank loan is the best move for your new small business; but what\’s the best way to go about securing the loan you need? The best place to start is to get prepared for what banks are looking for when they draft a loan, and here\’s the top 3.
Read the full article at http://www.homebusinessbug.com/what-banks-look-for-when-offering-home-business-loans-10149/