Business Articles

Business Basics - Getting a Business Loan

One dealer went looking for money to purchase a new building. Here's his chart for navigating the financial waters.

By Tom Palmer
Published: August 12, 2011
I'm interested in buying a commercial property for my business. Not having the cash to buy it outright, I went shopping for a loan. Fortunately, there are some banks that are loaning money to small businesses. Unfortunately, most banks are not allocating any resources to guide a small-buisness owner through the process.

I had a faster and more positive response from the lenders once I put my paperwork in order. Here are some things I had to provide and things to consider when trying to obtain a business loan.

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