Prepare yourself to have financing discussions with your bank by documenting a robust and persuasive story about your business. Having a clear story helps you by giving your bank insight into how your company operates.
U.S. Small Business Administration (SBA) loan programs provide longer terms and lower down payments than conventional financing, allowing you to optimize cash flow and focus on operating and growing your business.
The overall willingness to lend has been strengthening, and banks are eager to make loans to creditworthy borrowers. To successfully access that credit, businesses need to position themselves carefully.