Dear M & M: I am considering selling my business what are some things I should consider when evaluating how much I should ask? – Jim Dear Jim: In addition to the financial information about your business one should consider some items not on the balance sheet or earnings statements. Many times some of the…
To be successful in obtaining any loan you must be prepared and organized. Connecting with a lender interested in the project is the first step.
Adding debt to any business is something one needs to think about carefully. Ask M&M give you a few things to consider.
There are countless types of collateral used to secure any loan. Remember almost anything can be used as collateral as long as it is acceptable to the lender. The reasons why any type of collateral would or would not qualify or be suitable for a loan would depend on the type of loan, bank policies, amount, and value etc.
Two important things to consider when getting a loan for your business. What are you going to spend the money on, and how are you going to pay it back.