Tips when Applying for Business Loan
Are you thinking about applying for a loan for your business? ๐ฐ If you are, there are a few things youโll have to do before calling up your bank, such as: ๐ Gathering up your financial + legal documents ๐ณ Checking (and maybe improving) your credit score ๐บ๏ธ And even writing up a detailed business plan. Know what else you got to do? Get your business bookkeeping up to date and in order ๐ฌ Hereโs why: ๐ LOAN AMOUNT: Without up-to-date finances, you canโt know exactly how much you need (or what monthly payments you can afford!) ๐ REPAYMENT AMOUNT: Not only that, but youโll also have to prove to the bank that you can actually AFFORD that monthly repayment amount
