Getting A Loan For Your Business

Getting the proper financing for your company can be the make or break point of your business. Luckily there are many people, places, and things that can offer you the support when you need it.

Step 1: Do your research.

I am writing this as a founding partner of Startup Loans. We are a company that provides information about all different types of business financing. Although I like to think otherwise, we are not the only dominant resource on the topic. Try places like sba.gov, entrepreneur.com, about.com, and discussion forums like Yahoo! Answers.

Step 2: Speak with lenders / brokers.

When you feel comfortable with the level of information you know, then reach out to a few people that can actually offer the paperwork to push a loan through. If you speak to a lender first you will most likely get caught up in a sour deal that you are going to regret. Remember do your research, and don’t be afraid to ask [stupid] questions!

Step 3: Review the terms / sign.

Once you have applied through a few lenders, jumped through their hoops, answered their questions, and offered your first born as collateral. Sign the paperwork. Simply put.

Review everything carefully and be strict about the conditions. The last thing you want is to get caught up in an even bigger mess than you started with.

Good luck to you, and remember that getting what you want is not always easy, but with perseverance and knowledge you can overcome the obstacles in your path.