Preparing for a Loan
Prior to approaching a lender for a loan, you'll need to assemble a few things that will be required by all lenders regardless of the type of loan you'll be pursuing. Be prepared by collecting all financial information and critical operational informational that will allow the lender to appropriately assess the risk of your request for funds.
Northwest NJSBDC offers specific guidance for you and your business on all the documents, financials and projections you'll need to satisfy lender requirements. Prior to meeting with your SBDC Advisor, you'll minimally need to complete a Summary of Financial Status.