旼컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴커 � How To Start A Small Business (SBA Documentation) Page 24 � 쳐컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴캑 � BORROWING MONEY � � � � It is often said that small business people have a difficult time � � borrowing money. This is not necessarily true. Banks are in the business � � to make money, & the way they make money is by lending money. However, � � it is the inexperience of small business owners in financial matters, � � that prompts many small business loan requests to be turned down. To be � � successful in obtaining a loan, you must be prepared & organized. You � � must know exactly how much money you need, why you need it & how you � � can pay it back. You must be able to convince your lender that you are a � � good credit risk. Requesting a loan when you are not properly prepared � � makes a statement to your lender. That statement is. . ."High Risk!" � � � � BUILDING EXCELLENCE IN ENTERPRISE � � � � Types Of Business Loans � � Short-Term Loans: Loans that are paid back in less than one year. Types � � of short-term loans include: � � � � � Working Capital Loan � Accounts Receivable Loan � 읕컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴켸