Before speaking with a lender
Have the useful details ready.
These details help you explain what you need and ask specific questions. They do not determine eligibility.
- The specific use of funds: expenses, equipment or working capital
- The approximate amount and the timing of the business need
- The business records or cash-flow context a lender may ask you to explain
Choices to compare
See what can change the cost.
Purpose and timing
The repayment schedule should be considered alongside when the funded business activity is expected to support it.
Preparation before comparison
A clear use-of-funds note makes lender conversations more precise than starting with a product name.
Try this. Write a one-sentence use-of-funds note and a simple repayment-timing question before speaking with a lender.
Questions for the lender
Ask before you agree to a loan.
- 01
Which business records are required?
- 02
How are fees and repayment dates structured?
- 03
What security or guarantees, if any, are part of the assessed terms?