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A preparation guide for small business owners considering a loan. Most rejections happen long before the application, because the owner didn't know what lenders actually evaluate or didn't match the right lender to their need. This guide walks through the 5 Cs of Credit (the framework banks have used for decades), compares lender types from community banks to CDFIs to online lenders, lays out the documents and numbers bankers will ask for, and ends with a readiness scorecard. Cited sources. For preparation only, not financial advice.
A preparation guide for small business owners considering a loan. Most rejections happen long before the application, because the owner didn't know what lenders actually evaluate or didn't match the right lender to their need. This guide walks through the 5 Cs of Credit (the framework banks have used for decades), compares lender types from community banks to CDFIs to online lenders, lays out the documents and numbers bankers will ask for, and ends with a readiness scorecard. Cited sources. For preparation only, not financial advice.