Determine how much funding you need
Define the purpose of the loan
Check your personal and business credit scores
Review your business financial statements
Gather tax returns, bank statements, and legal documents
Prepare a business plan and loan proposal
Compare lenders and loan products
Check eligibility requirements for each lender
Choose the loan type that fits your needs
Submit the loan application
Provide any additional documents the lender requests
Review the loan terms, interest rate, fees, and repayment schedule
Accept the loan offer if approved
Use the funds according to the loan agreement
Make payments on time to maintain good credit