Dear Intended business friend,

I have put together this article to help you know what information to gather when applying for your own business loan and where you will get a free loan for your new business.

In my experience those who are the best prepared have the greatest success in obtaining financing. Don't leave it to chance.

The trick of getting a loan is to know why, what, and how to prepare for the loan request.

The 'why' is pretty simple. You need to convince the loan officer/investors that you can start and run your business such that you'll be able to repay the loan -- with interest.

For the 'what' there are basically two areas of preparation you need to cover:
1 A Business Plan
2 Personal Financial Information.

For the business plan you need to cover the following:
1 Description of the Business (what is the product or service)
2 Detail of the funding request (purchase, working capital, living expenses)
3 Historical Income and Balance Sheet statements for the past three years (for an existing business)
4 Projection of revenues and expenses for the next 12 months
5 Feasibility Study (Establishing demand for your product or service)
6 Marketing Plan (Detail of how you'll market your product or service)
7 Competition Analysis (show how you stack up)

Show how the loan will be paid back (Work this into your projections.

For the Personal Financial Information you'll need to provide the following:
1 Personal Financial Statement
2 Copies of Tax Returns for the past 3 years
3 Resume / Narrative of Business Experience (Really important if you're starting a business )
4 Credit Report (usually ordered by the bank)

Keep in mind, the larger the loan request, the more detailed the information provided will need to be. Don't take shortcuts. The more you have analyzed your own business and prepared for obtaining a loan, the better you'll be at managing that business, and the less risk you're likely to take.

I can help you with the business plan and the basic requirements I used to get soft loan to launch my 6 restaurants plus list of investors that are ready to finance your business without collateral or much questions.

To get a small business loan proposal plus list of investors call 08120210021, you may also email me on victoriajoshu@gmail.com


Victoria Joshua