How Can I Improve My Likelihood Of Getting A Small Company Loan?

How Can I Improve My Likelihood Of Getting A Small Company Loan?

In this edition of “Ask the Board,” we ask Sharon Miller, Bank of America’s mind of small company for many insider tips on how to better get ready for trying to get a business loan that is small.

In the event that you could make your very own dream Board of Directors who does be about it?

Sharon Miller, Head of small company for Bank of America, answers…

Small businesses tend to be juggling numerous duties on a day-to-day foundation — from handling day-to-day operations to employing, social media marketing, preparing and invoicing. In addition, numerous business owners find accessing money and handling cash flow become among all of their many challenges that are significant. In reality, the U.S. small company Administration reports that low cash movement could be the single contributor that is greatest to the failure of smaller businesses.

In accordance with our present Bank of America small business operator Report, 15% of business owners intend to make an application for that loan throughout the next 12 months. It doesn’t have to be whether you’re first starting out or already well-established, this can become a stressful, time consuming process — but. Continue reading “How Can I Improve My Likelihood Of Getting A Small Company Loan?”