Barring an unforeseen inheritance, a lottery windfall, or an unexpectedly successful Kickstarter campaign, your small business is probably going to require a bank loan at some point. Money comes from growth, but growth takes money, and small-business loans are among the toughest lines of capital to obtain. You should thoroughly prepare before you even approach a bank; it could mean the difference between getting what you need and getting back in line for another Powerball ticket.
That preparation begins here with these seven crucial steps for nailing down a business loan.