Ace the Small Business Loan
A Home Business Article Contributed by Fiona Mclaren
How do You Ace a Small Business Loan Interview?
If you are thinking about running a home based business, the chances are that you have going to have to apply for a small business loan at some time or another. If this is the case, then you might be called upon to attend a small business loan meeting.
Small business loan meetings can be pretty daunting situations. After all, you have to meet with the people who are ultimately going to determine your future as a home based business owner. So what do you need to do in order to ace the small business loan interview? It's simple, follow the three tips listed below.
Step One to Acing the Small Business Loan Interview
Be positive. The most important aspect of getting it right in a small business loan interview situation is to be positive about your business proposal, and your ideas and goals.
You need to make sure that the lender has confidence in you. This can be achieved by remembering to smile, be optimistic (but realistic at the same time), and to make sure that you are excited and enthusiastic about your proposed small business.
Step Two to Acing the Small Business Loan Interview
The next step to acing your small business loan interview is to be prepared. Make sure that your business plan is as solid as it can be. You should know exactly what you want to achieve out of the meeting, and you should have done some research on your lenders.
It's important that you spend time working things out in your head before you enter the interview room for the first time. There is nothing more unprofessional that a person who is confused about what they want, knows nothing about their lender, and hasn't done any market research to see whether their home based business will actually be viable or not.
Step Three to Acing the Small Business Loan Interview
The next step to having a successful small business loan interview is to make sure that you look, act, and sound professional at all times.
As unfair as it can sometimes seem, your appearance and they way you approach people can often be a deciding factor in whether you obtain a small business loan or not. Make sure that you wear a professional business suit when you go to meet your prospective lenders. You want to give them the impression that you are a business person who is professional and serious.
You also need to sound professional. That means that you shouldn't stutter and stammer your way through an entire interview. If you are a nervous person by nature, you should start practising how to speak confidently and professionally in a high pressured situation.
Finally, you need to act professionally. It is up to you to come prepared, to have all the relevant information at hand, and to be organized. Remember, if you fail to plan, then you also plan to fail. Make sure you get it right -- first time.
