ALPHACAP

How to Get a Winning Loan Request Bankers are like other business people; they want to sell their products and generate more loans. However, they also have valid concerns about whom they lend money to. As an entrepreneur or business owner, you need to understand and reply to those concerns to present a reliable and persuasive loan request. It's in your interest to make it easy for a banker to lend you money. Hopefully, here is some advice to get the loan you need to finance y...our company's growth and success. 1. Provide a solid business plan You want to show that your business is well researched and low risk, using statistics and data from multiple sources to back up your ideas. You also need to present yourself professionally to demonstrate the know-how and management skills to run a profitable business. With a solid business plan, you can gain your banker's trust by being transparent about your goals, the pitfalls you've identified and possible solutions to these challenges. 2. Provide financial projections The financial projections for the next three or five years is a crucial part of the business plan. These projections are forecasts of your profits, cash flow, and balance sheet. Identify your equity injection in the project. It would help if you showed bankers you're making a financial contribution, proving your seriousness and increasing the business's trust. It's also important to show that you can invest in the future, if necessary. 3. Check your credit history Bankers believe how you've handled your debt in the past indicates how you'll feel it in the future. You'll look a lot more credible if your discussions with bankers reflect your credit history. Lenders want to know you're a reasonable risk- that you'll make payments on time, and they'll get their money back. A good history and rating may also get you better borrowing rates. 4. Choose the suitable terms Various banks offer different loan terms and conditions. Essential differences are often buried in the fine print, including interest rates, repayment flexibility, collateral and control, so it's worth looking at all your options before deciding. You should understand your business's seasonality and cyclicality and choose the terms that match your cash flow pattern.

ALPHACAP team of finance and investment professionals has a passion for helping entrepreneurs and small & medium corporations. We provide a holistic view of your financial performance. From there, we work with you to determine actionable steps to help you achieve your business goals.

At ALPHACAP, we empower businesses to make sound financial decisions and increase synergy through expertise in planning and financial consultation. We help our clients exceed their growth goals.