Discover what lenders and banks prioritize when evaluating business loan applications. This guide for entrepreneurs will help you prepare a strong and successful application.

Topics covered:

• Six questions your bank will ask about your business – How to prepare a business plan, investment statements and financial projections before you start your loan application.
• Three financial ratios that measure business success – How leverage, liquidity and profitability are evaluated by lenders.
• Choose the right lender and negotiate your loan – Understand four types of business loan products and how to shop around for the right bank.
• Boost your credibility for a business loan – Why sticking to facts to articulate your financial and marketing plans will improve your chances of getting a business loan.

Who is it for?

• Entrepreneurs – Discover a six-point checklist for a winning business loan application.
• Financial Managers – Learn how to communicate key financial data and ratios banks use to assess loan eligibility.
• Sales Managers – Understand the role of sales forecasting in anticipating future business performance.
• Facilities Managers – Find out how banks evaluate assets and capital equipment needs as part of a business loan application.

How to Get a Business Loan is published by the Business Development Bank of Canada (BDC).