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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.

 

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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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