- How Much Should You Borrow?
- Preparation is Key
- Secured Loans / Collateral
- What the Lender Wants to Know
- After Your Loan Request Is Approved
- Unsecured Loans
- Tapping the Equity in Your Home
- Retirement Account Loans
- Life Insurance Loans
- Small Business Administration Loans
- Factoring Receivables
Bank loans are a source of capital for many small businesses. Loans may be needed for a variety of reasons, beginning with the fact that expenses and income don't always happen at the same time. By knowing the criteria that a bank uses, you will be able to go through the process in a manner that will be easier and quicker for both you and the bank.
This is an important question that revolves to a great extent on your cash flow situation. Some of the expenses that might need to be considered include buying supplies and inventory while waiting to get paid, paying payroll and rent, and buying equipment and fixtures.
Prioritize those areas where your options are limited to paying in cash, and review your alternatives where you may have other options. Then review what might serve as collateral for your loans.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
