Five Items to Include in a Small Business Funding Request
As your business grows, you may find yourself in need of a small business loan to reach the audience and profit potential you desire. To obtain the financing you need, your lender will likely ask to see a funding request. A small business loan application could ask for an outline that includes a clear summary of your product or services as well as financials, which will show the lender your credibility as a borrower and your level of risk. You may have created a business plan when you first started your business, and should update it as your company grows and your need for capital increases. You can use this to help construct your request for financing, which should include the following five elements.
