
5 Documents to Prepare for a Small Business Loan
Entrepreneurs must prepare five main documents before applying for a small business loan. These vary depending on the lender, the business, and the loan specifics; however, all of this information is important to have ready prior to approaching any bank. 1) Business plan
A business plan is a document, organized by sections, that outlines the details, goals, and background information of the business. Keep it short and succinct (5-10 pages, ideally), and discuss only important