Small Business Resources, Business Advice and Forms from AllBusiness.com

How Can I Increase My Chances of Getting a Business Loan?

* From  Date: Tuesday, February 13 2007

Consider giving your bank more than just standard loan documents such as financial statements. Letters from commercial accounts stating their intent to do business with you; market data showing demand for your type of business; and research on competitors, including information on customer base and

price points, can all help you secure a loan.

Be careful, though, don't submit these documents unless your loan officer gives the okay. Too much information can be overwhelming and actually hurt your chances of getting a loan.

Get Financing by Learning to Speak the Banker's Language
Host Hattie Bryant of Small Business School interviews Tim Hennessey of Ekkwill Waterlife, a Florida-based distributor of tropical fish.