How to Get a Bank Loan – Video

This short video from Inc.com provides a good introduction on how to get a bank loan.  In summary, a would-be borrower should  try to connect with loan officers at local banks and credit unions as they often have an interest in supporting the local economy as opposed to a large national bank where the small business lending department may not be as knowledgeable about local economic factors.  Don’t get me wrong all loan officers will absolutely want to make sure your business has the financials to support the repayment plan.  A loan officer is NOT a venture capitalist or angel founder and they do not typically invest in brand new businesses, so before attempting to obtain a loan be sure to have your financial statements in order.