Asking for a Bank Loan

How to ask for a bank loan is a subject that I have written and spoken on numerous times…and will continue to speak and write on. I saw a great article in my email inbox from Inc. on the very subject. The article stated that loan requesters should include a brief summary of the business and several other key points. That brief summary is also known as an executive summary.

According to the article’s author, “Remember, you are not selling your business as an investment vehicle for the bank. You are creating confidence that the bank’s money will be repaid. And to gain that confidence, they need to understand several things at a basic level.” I couldn’t have said it better myself!

To read more, click on the article link: How to Ask Your Bank for Money.



About Tiffany C. Wright - The Resourceful CEO

Tiffany C. Wright is the author of “The Funding Is Out There! Access the Cash You Need to Impact Your Business” and “Solving the Capital Equation: Financing Solutions for Small Businesses.” She is the founder of The Resourceful CEO, which helps owners of small/medium-sized businesses prepare their businesses for sale. Tiffany has an MBA from the Wharton School of Business, sits on non-profit boards and serves as a business mentor with the Cherie Blair Foundation.
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