Register free!

The Green Industry's Resource Center



Reply
 
Thread Tools   Display Modes
  #1  
Old 02-19-2002, 02:47 AM
Rody Rody is offline
LawnSite Member
 
Join Date: Feb 2002
Location: Minnesota
Posts: 8
Presenting to Borrower(bank)

I am going into the landscaping business with a partner and was wondering what they will all be wanting presented to them to get a loan? What kinds of things eg. amounts, prices, budget plan, etc. do you need? What are they going to be looking for and what should be included in them? Anything would be helpful to me and yes a pre-talk or many talks with them will happen, I just wanted to hear others opinions/viewpoints.

---A dream is never near when you have a blocking fear---



Josh
Reply With Quote
  #2  
Old 02-19-2002, 09:10 AM
LawnLad LawnLad is offline
LawnSite Senior Member
 
Join Date: Jan 2002
Location: Cleveland, Ohio
Posts: 738
Good luckk with your new venture. Getting financing can come in many different forms. If you're in business already it will be a little easier to get money from the bank, as you have a track record they can work off of.

They will want to see financials, personal tax returns and probably a personal financial statement. You'll most likely have to personally guarantee the loans.

If you're not in business and just starting out - you'll most likely need to get an SBA loan. As most banks will not lend to you directly without the SBA guaranteeing the risk. For this you'll need a business plan spelling out your venture.

If you are already in business need more money beyond the traditional bank loan, SBA is also a good way to go to grow your company.

Do a search, as I know there are some threads on this one already - there were already a lot of good suggestions/feedback.

Try the following websites to begin your preparation.

www.sba.gov
For SBA loan information

www.entreworld.org
www.score.org
For information about writing a business plan

Good luck to you.
__________________
Lawn Lad, Inc.
Cleveland, Ohio
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 12:42 PM.

Page generated in 0.05910 seconds with 7 queries