This goes for the real estate investor as well. I see way too often a borrower “shows up and throws up” information – mountains of tax returns, a lease to something, photo of some front door……and says, i need a loan.
Be organized, ask questions (not about rate or costs, not at first). Know your income and expenses, your credit, and your property details.
Before you even fill out a loan application, here’s the key information you need to know about small-business loans.