SBA loans are available, but harder to get. Banks require more information than in the past. You'll need tax returns and bank statements. They want to know about you and your background so prepare a resume' with details on your qualifications to run the business. If you've been at it awhile, daily bookkeeping records will also help.
Specifics on how you intend to repay a loan, a precise dollar amount and how you'll use the loan proceeds are essential. Your credit score is important because it illustrates how you handle your obligations. They may request a lien on your business assets and/or require life insurance to back the loan. If you own a home, be prepared to put your equity up as collateral.
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