Getting your banker to say yes
November 22nd, 2007
For Immediate Release | November 22, 2007
Getting your banker to say yes to your loan application
Starting a business is a daunting task. Add to it the frustration of trying to borrow money, and a lot of people give up before they even start. Getting a business loan doesn’t have to be as hard as you think.
Here are some steps to help get your loan approved and to help your business succeed:
- Have a realistic plan
- Be prepared
- Do your homework
- Research your competition and your market
- Know your expenses/costs
- Do you have a niche?
- Be realistic about your expected sales
Community Futures Central Kootenay authorizes loans up to $500,000. Throughout the past 23 years we have provided 563 businesses with loans totaling $20 million, creating or maintaining 1,823 jobs throughout the Central Kootenay region. These business loans are administered and coordinated with due diligence and managed risk. We provide assistance in preparing your business plan, cash flow forecast and business plan management strategy.
If you would like more information, or you would like to apply for a loan, please call Don McCulloch at Community Futures Central Kootenay at 250-352-1933 x117.
For more information contact:
Don McCulloch, Business Loans Manager
Community Futures Central Kootenay
201-514 Vernon Street, Nelson, BC V1L 4E7
dmcculloch@futures.bc.ca
Tel. 352-1933 x. 117
Link: www.futures.bc.ca/loans.php