Thursday, October 13, 2011

Small Business 101: How do I get a Loan?

Getting a loan from a bank or a non-bank lender is one of the most important steps in whether or not a business will go from a dream to a reality. Whether you are looking for start-up funds, or trying to by a new piece of equipment, almost all of small business owners will have to get money outside of their own personal finances.

But what steps do you need to take to get a loan? Do you borrow from a bank, or a non-bank lender? Do you know your credit score? Do you know how much money you will ultimately need?

These are all questions you should ask yourself before you dive right into the loan process. The KU SBDC can help small business owner prepare and apply for loans, click on the "contact page" on how to reach us!

Read the entire article, "7 Steps to Get a Loan."