If you are getting a business loan, I'd suggest the following things:
- Make sure you have proven capital and assets available when they audit your proposal
- Ensure the presentation looks nice (powerpoint, ect)
- If you are getting a business loan that is not connected to current business capital and assets, make sure YOU have assets and a good track record of credit.
Essentially the bank wants to make sure that you have a good current business model, and enough good ideas to ensure that the loan can be paid back. They don't want your business, because they aren't in the job of running businesses outside of their own bank. However, if there was land and various assets (buildings, ect) they would want those - which you must prove you have under your plan.
Much luck & prayers!
Back from the dead, I'm afraid.
