How can we go about getting a loan for our business?

The Music Telegraph | Text 2019/03/11 [16:28]

How can we go about getting a loan for our business?

The Music Telegraph| 입력 : 2019/03/11 [16:28]

 

 



 

 

How can we go about getting a loan for our business?

 

 

Motivation:

What do we need to present to a bank or lending institution when applying for a loan?

 

 

1. Statement of Financial Requirements

2. Business Plan

3. Experience concerning your business/industry

4. Prior Credit History

5. Owners Equity

6. Creditor Capital

7. Network = Asset - Liabilities

 

 

- How much money do you need?

- Why should they loan you money?

- What is special about your business?

- Can you pay back the loan?

 

 

 

<Loan Application Letter>

1. Purpose of the Letter

2. Information about your business & any related experience and / education

3. Past credit history

- Creditor Capital -> Niche (Special aspect of business)

- Owner’s Equity

4. Contact Information, set up interview/meeting

 

 

 

<Getting Ready For Your Business>

1. Business Cards - basic info: name, type of business, skills, contact information, logo

2. Resume - who are you, what do you do, skills, education, work experience, contact information

3. Biography - with a photo of artists; background information on you, your flavor, influences, goals, and contact info

4. Promotional package - promo CD or product, contact information, feedback sheet, photo, bio, resume, business card, press or news clippings, swag, cover letter

5. Contracts - working terms and agreements, authorizations, contact information

6. Invoices - business receipts, contact information, sales records

 

 

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