How do you I get a Loan?

Answer 1

To get small business loan from Banks of financial companies easily

• Explain a reasonable cause for loan.

• The amount of loan required, and the repayment term of the small business loan you want.

• Describe of how you will repay the amount you lent.

• Details of security you will be able to offer to the lender

• Include your business plan with the application that describes management skill, market information.

• Include last few years financial statement.

• Include current account status

• Your existing debtors and creditors

You may get some articles and information from

http://loanz.atspace.com

You may also want to list down your credit history when you apply for a loan because it is an important determining factor as to: 1) whether your loan will be entertained; or 2) if approved, how much interest are you going to be charged.

Generally, the better your credit history, the better chances you have of obtaining a lower interest rate loan.