Application for Loan to BankRequest for loan to the bank
Having a Businessplan does not allow them to see you as a personality, what motivates you and where your passions lie. They sent your schedule to the bank and made an appointment. 1 ) Go through your businessplan again and again, so that you know it exactly. 2 ) Ask a boyfriend who is in the business to go about your scheme and your numbers.
It' s useful if they ask you about your plans, your experiences, your business backgrounds, so that you enjoy responding to these kinds of people. Order it so that it runs in the same order as your schedule and/or your projections. Could you believe how poor it looks when the banker waits for someone to find a sheet of wood and doesn't know where he put it?
Make sure you have enough free space in your schedule for the appointment. You rush to a get-together and might be too tardy - not a good first. Get early for the get-together and get dressed accordingly. When your company is one that demands that you wore a uniform, it is appropriate to use the same clothes for the meetings.
If you have not yet spoken to your banker, think about making a good first appearance. "If you want to show the banker that you are an intelligent, entrepreneurial thinker, let them see it before they sense it. Hopefully you have your copy of the businessplan in your portfolio.
I have seen nice, organized businessplanes with accompanying documents in a super market pocket - it just doesn't look right. Once the get-together is on your own property, such as your home or a location of your choice, be the hosts and invite the executive to make or buy a beverage. They take the leadership that shows them that you feel good and meet foreigners in the corporate environment.
I think you need this ability to live in commerce. Following a first small chat, you take the leadership again and open the session by asking if the bank executive has finished reading the itinerary. Anyway, the situational, ask what they know about your company or your sector. You can validate what you say, or they can search for more information, e.g. you can ask for start-up financing to buy a bike and they want to know more about what the bike does and how it will help the company.
It should have been part of your overall strategy, but sometimes they will check whether you have taken all the options into account and examined a number of machinery on the shelves. Bankmanager checks whether there is any information that is not part of the businessplan. The bank administrators use the abbreviations CAMPARI and IEC to evaluate proposals and candidates.
Personality - are you a good person to run a company with? Capability - of what you say and how you act, and your backgrounds, would you be able to run the company? Redemption - does the company show the capacity to reimburse the financing? I have seen on many occasion how prospective shop keepers trip here because they have not written the prognosis and they have not understood it.
Once the issues dry up, take the initiative and ask the banker what he thinks of your plans and your ideas. Prior to the end of the interview, your banker should describe the application procedure, which usually means sending your schedule and your reports to the head office for review.
When you have been professionally involved throughout the application procedure, have drawn up a thorough businessplan with numbers piling up, and have well organised and carried out the interview, then you have a very good chances of the bank approving your application. It'?s the corporate sector that needs more pros, not less of them. So the more you take your sweetheart and think rationally about what you are doing, why you are doing it, what you want to accomplish and how you want to accomplish these results, the greater the chances that you can secure financing and continue to act in the long run.
Hopefully this set of essays has been useful for you and that you can now be confident in writing your application for a start-up loan. But if you do it in a professional way, it makes a big deal of a difference and leaves a good mark on your banker.