Business Loan

Business Loan

A loan using a business's potential earnings as security for a loan. Since business loans generally have no physical assets to secure the loan against, the ability to generate profit is greatly relied upon.The successful business loans are usually around 50% of the value of the business. The information requirements for business loans include the following but are not limited to:

1)Applicant’s income

2)Applicant’s asset and liability

3)Value of the business

4)Lease on building premise

5)Business plan – including applicant’s previous relevant experience

6)Cash flow forecast for future years

7)Staff roster including time table and income distribution