What types of info should business owners be willing provide to bankers when applying for a loan?

Answer 1

as a business owner, when you approach a bank for a loan, you approach them like you are selling your company to investors. They want to know what type of business it is, number of employees, how long you've been in business, a summary of the companie's annual income, a list of creditors and how much the company owes to each. They want to see a financial plan that shows where the incom is going to come from to pay them back. Think of it from their point of view, if someone came to you asking to borrow the amount of money you are thinking about, what would you want to know. Anticipate all these questions and answer them in a well thought out business proposal which you present to the bank when you apply for the loan.