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.