[Infographics] How To Crack Your Business Loan Application

 

"Will they, will they not?

Well, if you are not sure whether the financial institutions will approve your business loan request or not, there are simpler ways to guess it than plucking petals. One must always think from the lenders' perspective and judge if as an applicant, he/she meets the criteria. The loan is issued on the basis of the borrower’s creditworthiness, which is evaluated by the 5 Cs – character, capacity, capital, conditions, and collateral. If you pass this acid test, then right financial documents and a blueprint of a rock-solid business plan are all you will need to furnish to get the loan. Let’s learn the art of cracking business loan applications.