Sources of Technical Assistance
Before you approach a lender, you might want to seek the
advice of another, more experienced "set of eyes" to review your
business proposal, particularly if you are a first-time
borrower. By doing so, you'd be getting the loan package in
shape to make it easier for the lender to reach a favorable
credit decision. There are some business support groups whose
members could counsel you on how your package looks. A qualified
counselor might even discover that you really don't need more
money, and instead suggest better inventory control, improved
marketing techniques, or other changes that could actually solve
your growth problems. One source of counseling available to
small businesses is the Service Corps of Retired Executives
(SCORE), which is sponsored by the U.S. Small Business
Administration. Others might include accountants and financial
advisers.
Once you are satisfied that your proposal is in good shape
to present to a lender, set up an appointment to discuss your
application. You will find that the lender can also be an
excellent source of business and financial counsel.
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