business loan?

Question

I want to start a business that's very profitable and am wondering what the requirements are for a business loan. Thanks.

Answer 1

Talk to the bank. You have to have a pretty good business plan describing how you'll make money and who is going to buy your product or service. Know how much money you'll need and what you'll spend it on. The more you know about you're business and the more you can convince the bank that it will be profitable, the more likely they'll be to give you lots of money.