Initially, the lender will ask three questions:

*How will you use the loan?
*How much do you need to borrow?
*How will you repay the loan?

When you apply for the loan, you must provide projected financial statements and a cohesive, clear business plan which supplies the name of the firm, location, production facilities, legal structure and business goals. A clear description of your experience and management capabilities, as well as the expertise of other key personnel, will also be needed. If your loan applications are declined by at least two banks, you may ask the banker to make the loan under SBA's Loan Guarantee Plan or Immediate Participation Plan.

For more information please see learning module 9.  Take me there click here.