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“The main requirements of attaining a small business loan are your personal credit history, business plan, experience, education, and feasibility of the business you are starting or expanding” (Marte, 2008). These are just some of the factors that financial institutions look at to make a final decision...
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The availability of getting a loan should be strong but a strong strategic plan and convincing the lender that the small business will succeed will be key to obtaining a small business loan now and in the future.
A lot of people say timing is everything, although this is very true in the aspect of business, location and the demographics of that area are also essential to the success of any business...
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