Advanced Search

The Green Industry's Resource Center

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---

Reply With Quote
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.
For SBA loan information
For information about writing a business plan

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

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

Layout Style:

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Grand View Media
All times are GMT -4. The time now is 05:31 PM.

Page generated in 0.06083 seconds with 8 queries