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Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc
To get approval for your small business loan application, youmust be able to meet the lending criteria set down. Some organisations aremore risk averse than others, and will therefore have more stringent criteria.To vastly increase your chances of a successful funding application, you willneed to present the following information:1. The reason for the loan. The lenderwill be looking for something that fits within the normal range and expertise ofyour business. The amount may cover a number of items, so you will need tocover each.2. The amount required, and the repaymentterm of the small business loan you want. (e.g. $10,000 term 5 years,payable quarterly).3. Details of how you will repay the amountborrowed. For example, From the increase in profits of reduced runningcosts of the Whizzbang Go4It4. Details of security you will be able tooffer to the lender. This will act as reassurance for the lender. Ifyoure not prepared to put up some aspect of security, then why should they?5. You will need to include your businessplan which will serve to answer essential questions relating to managementcapabilities, information about the market you operate in. What kind ofbusiness you are in etc.6. 3 Years financial statements. Youwill need to present quality financial information from your accountingsoftware, preferably signed off by your accountant or tax advisor.7. Latest Set of Management accounts. Againproduced from your accounting software.8. Accounts receivables (debtors) andpayables (creditors) ageing reports.9. Principals financial statements. Particularly required if some form of security is necessary.If you are a new company, the emphasis isgoing to be on your business plan , and the security (also called collateral)you or your business can provide against the loan.You must take the time to practice presentingyour case to the bank or lender to iron out any glitches. Practice on yourcolleagues and family (you never know, they might be so impressed, they'llinvest or lend!). It may help to role play the lender and come up with asmany pointy questions as possible. The more time you take the better yourchances will be. (But remember, dont fall into the analysis paralysis trap!)Good luck!
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