Research the Banks That You Want to Approach
The first thing you should do is compile a list of banks you will call to discuss applying for a loan.
For your convenience, we have included a list of
local financial institutions
and financing resources that provide business loans.
Call to Inquire About Business Loan Programs
After you have determined how much money you need and the type of business loan that would best suit your needs, you are ready to contact the banks. Questions to ask include:
What kind of business loans do you offer?
What criteria are used to make the decision?
What is the application and review process?
How long does it generally take to fund a loan?
What is your approval rate for business loans?
Schedule a Meeting
Like most business decisions, choosing the day and time is a strategic one. You do not want to have to rush. Choose a day and time when you do not have other obligations or distractions.