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2.6 Loan Summary Analysis

As you can see from this loan summary analysis, we are currently only seeking one term loan in the amount of $186k. We are estimating that the bank will be get us this loan for a duration of 7 years and that it will be a term loan. While there are options out there whereby we could also apply for a line of credit with only an interest only payment due per month, we don't think it is a wise idea to get in to the habit of paying interest only, since if were to continue that practise, we would never be able to get rid of the principal.

Quick Links:

  1. Go to the Corresponding Template section for this industry.
  2. Go to the Corresponding Questionnaire section for this industry.

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Articles on the Small Business Financing Sources, the Small Business Loan Basics, small business loans Checklist and SBA Loans are incredible sources of knowledge for the small business owner.

 

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Credit Report and Credit Score Analysis, how to Read a Personal Credit Report and all about Business Credit cover the intricacies of credit and are required reading for everybody.

 

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The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!

 

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The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.

 

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Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.

 

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If you are looking to start a business - look no further.  Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.

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