Small Business SBA Loan Info – Is Anyone Out There Making Loans? Will the Federal Government Bailout
In the first two articles we talked about the prospects of small businesses finally receiving needed capital and some of the sources you can turn to. So assume you have selected a couple of smaller SBA lenders and are now ready to give your pitch. How do you present yourself? What information or documentation should you furnish? Let me tell you it is not going to be easy. Here are some suggestions to soften the blow:
o Don't be intimidated. For some reason, people are naturally fearful of meeting bankers. Maybe it is the fact that their personal information will be disclosed or the prospect of rejection. Or simply that their whole livelihood may be at stake (Thanks, Sue, that really gave me a comfort level). Don't be that way. Take the mind set that they are in business to help you. They don't really have ice water in their veins (well, maybe lukewarm on a good day).
o Dress appropriately. Unless you're a lawyer or planning to go to a funeral later on, you don't have to dress in a business suit. That's all pass