• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Leave us a Review on
Facebook Linkedin Twitter
  • (216) 592-2332
Inquire Now!
Small business loan resources in ohio
  • About Us
  • Programs
    • SBA 504 Loan Program
    • Community Advantage
  • Community
    • Events
    • Event Photo Gallery
  • Small Business Resources
  • Contact Us
  • Blog
Menu
  • About Us
  • Programs
    • SBA 504 Loan Program
    • Community Advantage
  • Community
    • Events
    • Event Photo Gallery
  • Small Business Resources
  • Contact Us
  • Blog
Search
Close this search box.

How To Best Prepare For Your Business Loan Application

You are here: Home / Small Business Tips / How To Best Prepare For Your Business Loan Application

April 11, 2019 by Jennasis 49 Comments

Your company needs to apply for a small business loan, but what are banks and lenders really looking for in your application? Do you know what you need to provide, and what steps you can take to increase your chances of getting approved?

Banks and lenders consider several factors when considering an applicant’s loan, and while some may seem obvious, there may be others that you haven’t thought of or wouldn’t think of as important. It’s crucial to do your due diligence in identifying exactly what you need to do, and then how you’re going to get there.

By getting everything in order prior to the meeting with the bank, you have a greater chance of convincing your lender to approve a loan to ultimately expand, update and grow your business!

Key SBA Loan application factors to consider

  • Clean up your credit: If you find that your business’ credit score isn’t quite up to par, here are some simple ways to start increasing that score. Begin by simply paying your bills on time, and your credit score will start moving in the right direction.
  • Create a solid business plan: A business plan helps a lender understand what your goals are and shows how you plan to get there. Entrepreneur magazine offers some tips and templates to help get you started.
  • Show sufficient assets: Banks and lenders want to see that you have solid cash flow and sufficient assets to repay your loan. This gives them the confidence to lend you the money to make  improvements for your business.
  • Consult an expert: Contact an expert for advice. It could be a representative of the Small Business Administration, or someone from a certified development company like Growth Capital. These experts can help guide you on the right track, getting you in the best shape to get approved for a small business loan.
  • Know your options: Is a traditional loan for you, and is your company solid enough that a bank will be confident in approving one? Or is applying for an SBA loan a better option at this time? SBA Loans connect businesses with an SBA loan program that guarantees part of the loan, which could be a great fit depending on your organization.  

Resources to assist you in applying for an SBA Loan

There are many resources available to assist you in “fixing” any issues that could have a negative impact on your loan application. The Small Business Administration (SBA), in particular, is extremely helpful when it comes to getting information and educating small business owners.

There are also organizations and mentorship programs, such as SCORE, women’s business centers and organizations that help small businesses. The SBA can help direct you to what is offered in your community.

Get started with your SBA Loan application today

Are you interested in starting your SBA Loan application?

Find the guidance you need to create the strongest application from the experts at Growth Capital. We can help answer any questions you might have, and help you build a custom business plan detailing your company’s growth needs.

Contact our loan experts today at (216) 592-2332 or online.

Small Business Tips 504 loan,  sba loan,  sba loans,  small business loans

Reader Interactions

Comments

  1. Ixjvwb says

    September 9, 2023 at 4:24 am

    cost enalapril 5mg purchase lactulose online purchase lactulose bottless

  2. Zukuna says

    September 9, 2023 at 10:46 am

    mestinon 60mg price buy maxalt generic brand rizatriptan 5mg

  3. Vcvstf says

    September 12, 2023 at 3:25 am

    betahistine 16mg brand haloperidol 10 mg without prescription buy probalan for sale

  4. Fkoxng says

    September 13, 2023 at 10:41 am

    purchase latanoprost generic xeloda 500 mg ca brand exelon 3mg

  5. Bklevg says

    September 14, 2023 at 6:50 am

    purchase omeprazole generic metoprolol oral order lopressor 50mg

  6. Ruhktn says

    September 15, 2023 at 2:42 am

    buy premarin 0.625mg online premarin for sale viagra in usa

  7. Fpmewr says

    September 15, 2023 at 9:43 pm

    purchase telmisartan generic micardis 80mg oral movfor over the counter

  8. Cphdwo says

    September 18, 2023 at 4:26 pm

    buy generic cialis 5mg tadalafil 20mg oral viagra 100mg brand

  9. 서귀포출장마사지 says

    September 19, 2023 at 2:19 pm

    Your passion and dedication to your craft shine brightly through every article. Your positive energy is contagious, and it’s clear you genuinely care about your readers’ experience. Your blog brightens my day!

  10. Exhxmm says

    September 20, 2023 at 11:52 am

    buy cefdinir 300 mg pills order omnicef 300 mg online cheap lansoprazole 15mg brand

  11. Tyypiq says

    September 21, 2023 at 11:09 pm

    provigil 100mg without prescription buy deltasone 10mg online oral deltasone

  12. Zjqgog says

    September 24, 2023 at 3:26 am

    accutane price isotretinoin 40mg tablet order azithromycin

  13. 출장안마 says

    September 24, 2023 at 3:42 am

    This article resonated with me on a personal level. Your ability to connect with your audience emotionally is commendable. Your words are not only informative but also heartwarming. Thank you for sharing your insights.

  14. Jpgfgm says

    September 24, 2023 at 8:17 pm

    how to get atorvastatin without a prescription buy atorvastatin online cheap buy norvasc 10mg

  15. 출장안마 says

    September 25, 2023 at 5:01 am

    Your blog has quickly become my trusted source of inspiration and knowledge. I genuinely appreciate the effort you put into crafting each article. Your dedication to delivering high-quality content is evident, and I look forward to every new post.

  16. 출장마사지 says

    September 25, 2023 at 10:21 am

    I just wanted to express how much I’ve learned from this article. Your meticulous research and clear explanations make the information accessible to all readers. It’s evident that you’re dedicated to providing valuable content.

  17. Rmiqmu says

    September 26, 2023 at 9:48 am

    order azithromycin 250mg pills where can i buy azipro gabapentin 800mg price

  18. 출장안마 says

    September 27, 2023 at 6:24 am

    I wanted to take a moment to express my gratitude for the wealth of valuable information you provide in your articles. Your blog has become a go-to resource for me, and I always come away with new knowledge and fresh perspectives. I’m excited to continue learning from your future posts.

  19. 출장안마 says

    September 27, 2023 at 3:27 pm

    I simply wanted to convey how much I’ve gleaned from this article. Your meticulous research and clear explanations make the information accessible to all readers. It’s abundantly clear that you’re committed to providing valuable content.

  20. Avhupl says

    September 28, 2023 at 2:03 am

    order protonix 40mg pills pantoprazole online order order phenazopyridine 200mg pill

  21. Pkorlv says

    September 28, 2023 at 9:14 am

    best online poker sites buy furosemide for sale buy furosemide 40mg pill

  22. 출장안마 says

    September 28, 2023 at 11:37 am

    Your enthusiasm for the subject matter shines through every word of this article; it’s contagious! Your commitment to delivering valuable insights is greatly valued, and I eagerly anticipate more of your captivating content. Keep up the exceptional work!

  23. 출장마사지 says

    September 28, 2023 at 11:41 am

    Your blog has rapidly become my trusted source of inspiration and knowledge. I genuinely appreciate the effort you invest in crafting each article. Your dedication to delivering high-quality content is apparent, and I eagerly await every new post.

  24. 출장마사지 says

    September 28, 2023 at 2:41 pm

    I must applaud your talent for simplifying complex topics. Your ability to convey intricate ideas in such a relatable manner is admirable. You’ve made learning enjoyable and accessible for many, and I deeply appreciate that.

  25. 출장안마 says

    September 28, 2023 at 2:48 pm

    I wanted to take a moment to express my gratitude for the wealth of valuable information you provide in your articles. Your blog has become a go-to resource for me, and I always come away with new knowledge and fresh perspectives. I’m excited to continue learning from your future posts.

  26. 제주출장마사지 says

    September 28, 2023 at 2:52 pm

    I must applaud your talent for simplifying complex topics. Your ability to convey intricate ideas in such a relatable manner is admirable. You’ve made learning enjoyable and accessible for many, and I deeply appreciate that.

  27. 창원출장마사지 says

    September 28, 2023 at 3:13 pm

    Your blog has quickly become my trusted source of inspiration and knowledge. I genuinely appreciate the effort you put into crafting each article. Your dedication to delivering high-quality content is evident, and I look forward to every new post.

  28. 출장마사지 says

    September 29, 2023 at 6:28 am

    I wanted to take a moment to express my gratitude for the wealth of invaluable information you consistently provide in your articles. Your blog has become my go-to resource, and I consistently emerge with new knowledge and fresh perspectives. I’m eagerly looking forward to continuing my learning journey through your future posts.

  29. 제주출장안마 says

    September 29, 2023 at 6:38 am

    I’d like to express my heartfelt appreciation for this insightful article. Your unique perspective and well-researched content bring a fresh depth to the subject matter. It’s evident that you’ve invested considerable thought into this, and your ability to convey complex ideas in such a clear and understandable way is truly commendable. Thank you for sharing your knowledge so generously and making the learning process enjoyable.

  30. 창원출장마사지 says

    September 29, 2023 at 6:45 am

    Your writing style effortlessly draws me in, and I find it nearly impossible to stop reading until I’ve reached the end of your articles. Your ability to make complex subjects engaging is indeed a rare gift. Thank you for sharing your expertise!

  31. Dhppmu says

    September 30, 2023 at 12:46 am

    casino online roulette real money online gambling slots games cost albuterol 2mg

  32. 출장안마 says

    September 30, 2023 at 4:15 am

    I couldn’t agree more with the insightful points you’ve articulated in this article. Your profound knowledge on the subject is evident, and your unique perspective adds an invaluable dimension to the discourse. This is a must-read for anyone interested in this topic.

  33. 제주출장안마 says

    September 30, 2023 at 4:22 am

    I must applaud your talent for simplifying complex topics. Your ability to convey intricate ideas in such a relatable manner is admirable. You’ve made learning enjoyable and accessible for many, and I deeply appreciate that.

  34. 창원출장마사지 says

    September 30, 2023 at 4:32 am

    Your blog has rapidly become my trusted source of inspiration and knowledge. I genuinely appreciate the effort you invest in crafting each article. Your dedication to delivering high-quality content is apparent, and I eagerly await every new post.

  35. 제주출장안마 says

    October 1, 2023 at 2:45 am

    I must applaud your talent for simplifying complex topics. Your ability to convey intricate ideas in such a relatable manner is admirable. You’ve made learning enjoyable and accessible for many, and I deeply appreciate that.

  36. 출장안마 says

    October 1, 2023 at 2:46 am

    This article resonated with me on a personal level. Your ability to emotionally connect with your audience is truly commendable. Your words are not only informative but also heartwarming. Thank you for sharing your insights.

  37. 창원출장마사지 says

    October 1, 2023 at 3:00 am

    I’m genuinely impressed by how effortlessly you distill intricate concepts into easily digestible information. Your writing style not only imparts knowledge but also engages the reader, making the learning experience both enjoyable and memorable. Your passion for sharing your expertise shines through, and for that, I’m deeply grateful.

  38. Zqunzy says

    October 1, 2023 at 4:58 am

    symmetrel 100 mg uk atenolol 50mg uk buy dapsone 100mg online

  39. Qtpuup says

    October 1, 2023 at 4:12 pm

    online slot machines real money purchase stromectol online cheap ivermectin 3mg oral

  40. 출장안마 says

    October 2, 2023 at 7:46 am

    I’m genuinely impressed by how effortlessly you distill intricate concepts into easily digestible information. Your writing style not only imparts knowledge but also engages the reader, making the learning experience both enjoyable and memorable. Your passion for sharing your expertise is unmistakable, and for that, I am deeply appreciative.

  41. 제주출장안마 says

    October 2, 2023 at 7:50 am

    Your positivity and enthusiasm are undeniably contagious! This article brightened my day and left me feeling inspired. Thank you for sharing your uplifting message and spreading positivity among your readers.

  42. 창원출장안마 says

    October 2, 2023 at 7:53 am

    I couldn’t agree more with the insightful points you’ve made in this article. Your depth of knowledge on the subject is evident, and your unique perspective adds an invaluable layer to the discussion. This is a must-read for anyone interested in this topic.

  43. 출장마사지 says

    October 3, 2023 at 2:02 am

    I want to express my sincere appreciation for this enlightening article. Your unique perspective and well-researched content bring a fresh depth to the subject matter. It’s evident that you’ve invested considerable thought into this, and your ability to convey complex ideas in such a clear and understandable way is truly commendable. Thank you for generously sharing your knowledge and making the learning process enjoyable.

  44. 제주출장안마 says

    October 3, 2023 at 2:03 am

    Your enthusiasm for the subject matter shines through in every word of this article. It’s infectious! Your dedication to delivering valuable insights is greatly appreciated, and I’m looking forward to more of your captivating content. Keep up the excellent work!

  45. 창원출장안마 says

    October 3, 2023 at 2:08 am

    I’m genuinely impressed by how effortlessly you distill intricate concepts into easily digestible information. Your writing style not only imparts knowledge but also engages the reader, making the learning experience both enjoyable and memorable. Your passion for sharing your expertise shines through, and for that, I’m deeply grateful.

  46. Cfxled says

    October 3, 2023 at 8:59 am

    casino free spin buy levothyroxine no prescription buy generic synthroid online

  47. 제주출장마사지 says

    October 3, 2023 at 11:52 pm

    Your dedication to sharing knowledge is unmistakable, and your writing style is captivating. Your articles are a pleasure to read, and I consistently come away feeling enriched. Thank you for being a dependable source of inspiration and information.

  48. 창원출장안마 says

    October 3, 2023 at 11:58 pm

    I must applaud your talent for simplifying complex topics. Your ability to convey intricate ideas in such a relatable manner is admirable. You’ve made learning enjoyable and accessible for many, and I deeply appreciate that.

  49. Yzshxs says

    October 4, 2023 at 3:58 am

    medrol 4 mg without prescription order adalat 30mg pills triamcinolone 10mg for sale

Leave a Reply

Your email address will not be published. Required fields are marked *

Social

Follow along on social media.
Leave us a review on

Contact

IMG Center
1360 East Ninth Street, Suite 950
Cleveland, Ohio 44114

  • Get Directions
  • (216) 592-2332
  • Contact

Navigation

  • Have A Loan?
  • Small Business Loan Programs
  • Loan Calculator
  • Community
  • Small Business Resources
  • Annual & Loan Activity Reports
  • Blog
  • Our History
  • Events
  • Contact Us
  • Have A Loan?
  • Small Business Loan Programs
  • Loan Calculator
  • Community
  • Small Business Resources
  • Annual & Loan Activity Reports
  • Blog
  • Our History
  • Events
  • Contact Us

Newsletter

Stay up to date by subscribing to our newsletter.
Click here to sign up

© Copyright 2023 Growth Capital Corp · All Rights Reserved · Website designed by Jennasis & Associates