Скачать или смотреть What Banks Really Look For When Approving Business Loans | Straight Talk with Lou Mosca

While traveling, I came across this article in Business2Community written by a gentleman named Tucker Mathis.

In it, Mathis explains the five reasons why owners get denied for small business loans, and what they can do to avoid rejection.

His reasons are:
1. Not being in business long enough
2. Asking for too much, or too little
3. Having poor credit
4. The business’s cash flow is weak
5. Not having a solid plan

Whether you’ve been in business for a while or are building your start-up, the five things listed above matter.

It was a good read and I thoroughly enjoyed it, but I would argue there are six reasons owners get denied.

You need to think about equity/collateral.

Your bank, lender, or any other financial institution is going to want something in return to ensure their investment in you is safe – that something is collateral!

If you need help building a solid plan to secure a business loan, feel free to schedule a call by calling (800) 743-0402.


Straight Talk with Lou Mosca (May 15, 2019)

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