prep and planning to get business loans

Marc L. Goldberg Banks typically only approve less than 15% of the loans sought. However as a small business owner, bank financing is usually the most reliable source. What are some of the actions you can take to prepare for a loan to assure maximum potential for acceptance? From the […]

Marc L. Goldberg

Banks typically only approve less than 15% of the loans sought. However as a small business owner, bank financing is usually the most reliable source. What are some of the actions you can take to prepare for a loan to assure maximum potential for acceptance?

From the archives:Business Tips from SCORE: How to build a brand strategy

Alan Haut, ND SBA District Director advises, before you begin writing your proposal, there are four things that you need to be able to clearly address: (1) how much money is needed? (2) how will the money be used? (3) how will the funds be repaid? And (4) what will be done if the business is unable to repay the loan?

Tips to get started:

Build and maintain a good credit rating Credibility is number one in what a lender will review. And, your credit rating is a measure of your trustworthiness. What lenders want to know more than anything else is, will they get their loan repaid and a credit rating is a measure of one’s past history of paying bills.

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NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023

NVIDIA Preliminary second quarter revenue of $6.70 billion versus outlook of $8.10 billion Shortfall versus outlook primarily driven by weaker Gaming revenue Management to discuss financial results and outlook on Aug. 24 earnings call SANTA CLARA, Calif., Aug. 08, 2022 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today announced selected preliminary […]