Check your business credit score and personal credit score
Prepare a business plan
Gather financial statements
Collect tax returns
Organize bank statements
Calculate how much funding you need
Decide how you will use the loan
Review your business revenue and cash flow
Compare lenders and loan types
Check eligibility requirements
Prepare collateral if needed
Improve your credit if necessary
Reduce existing debt if possible
Register your business and keep licenses current
Write a loan application
Submit required documents
Apply with multiple lenders
Review loan terms and interest rates
Ask about fees and repayment schedules
Accept the best offer
Use the funds as agreed
Make payments on time