Tag: asset

Understand how you intend to use business financing, how much funding you need and how you intend to repay the loan.Be able to communicate this clearly and confidently with prospective lenders.UNDERSTAND YOUR CURRENT SITUATIONIf you are an existing business, are you profitable, and does your balance sheet have positive equity? What does your credit look like? Have a clear understanding of any existing liens and lien priority...