Before you approach a lender for funding, be sure you understand your finances well enough to be able to explain how you’ll be able to repay the loan. Sure, the lender is going to do their own calculations to be sure they agree.
But you’ll be a lot more impressive as an applicant if you show that you’re doing the necessary planning ahead. So, work this out in advance, even if you need the help of an accountant.
Funding prepardness
Small Business Success Tip #1
