The Street.com’s Sharon McLoone has a good article that describes how to make a business loan package more appealing. It includes; working with a CPA, contacting the business banker directly, work on your business plan, give a good explanation of your business, know your industry, know your region and have a good strong financial statements. The idea is to be attractive enough that you can have a few lenders who would be interested in your business.
In this economy a company must do everything it can to maintain access to capital. It is vitally important for success further down the road to be able to bring in needed financing to increase the bottom line.