I want to start my own business and don’t know what I need so I can get a loan.

24 Nov I want to start my own business and don’t know what I need so I can get a loan.

There are three things any loan officer is going to want to know: what you’ll use the loan for, how much you want, and how will you repay it. These three things comprise the big question “Why should we give you money?”nnBe ready with a smart, well organized business plan that outlines projected financial statements, as well as the name, location, and production facilities of the company. You’ll also want to have in there your legal structure, marketing structure, business organization, and your qualifications to run this type of business, as well as the qualifications of key people in your prospective company.

 

A well-written business plan is a good beginning when it comes to looking for start-up capital. If you need help writing one, you can find an almost limitless number of templates online or hire somebody like the people at our sister site EM Advisory Corp to help you write it.

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