Business Loan

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Business Loan
How do I get a business loan?


There are several steps you will have to take prior to applying for a business loan. You will have to create a business profile, which will include annual sales, number of employees, length of time in business, and ownership details. The next item to prepare is a business plan. This will describe the direction you plan to take the business. This should be concise and include financial projections. You must determine next what type of loan you will be requesting and the amount required. Prepare a list of the collateral you have. Finally you will need to supply both personal and business financial statements. This will include stakeholders who own more than 20% of the business.
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