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10 Things the Bank Will Ask When You Need a Business Loan

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I was really disappointed when I needed my company’s first commercial bank loan to finance receivables of more than $1 million—from well-known distributors no less—and we ended up having to sign a lien on our family home to get the loan. So your business has to have hard assets it can pledge to back up a business loan.

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How to Form a Corporation

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Consider finding and working with a CPA and a lawyer. Also, creating a quick lean financial forecast will help ensure your business idea is viable and financially sound. Because of its popularity, Delaware is also statistically a popular state for investors to finance businesses. Small Business Administration: .