The immediate aftermath of the financial crisis produced a credit freeze that made it difficult for even creditworthy Los Angeles and Southern California companies to obtain business loans to support working capital needs and growth. As the economy has gradually improved, however, the credit freeze has begun to thaw somewhat, and some businesses are finding lenders to be more flexible than they were a year or two ago.
Regardless of the credit environment, the best way to increase your chances of landing a business loan is to put together a quality presentation.
…discusses the key elements of a successful business loan presentation: loan objectives, five important questions your presentation should answer, the financial documents to include, and recommendations on the presentation process.
While Los Angeles and Southern California business leaders and financial executives may find that obtaining business financing is a little easier today than it was a year or two ago, this doesn’t make thorough preparation of the loan application package any less important. An outsourced CFO services provider can offer invaluable assistance in this area by helping you package your financials so that they provide all the information the lender will need to make a fast decision on your loan request.