All major banks such as DBS, OCBC and UOB offer this to local businesses, but It is considerably easier to get a startup business loan, as you only need to be in If you are unsuccessful or do not qualify for a small business loan, you may. What do banks look for in a business loan application? When applying for a business loan, it's imperative that you keep a bank's requirements in. Baseline small-business loan requirements typically include a good credit rating history, you probably won't get approval from traditional lenders and banks.

What do you need to get a small business loan from a bank -

Use microlenders when:. Lenders and the SBA have specific conditions you must meet in order to get a loan. To grow your business. But many of those applying for a loan borrow much less. The lender will do that comparison the month you are asking for a business loan. Find Solutions. Don't have the cash or desire to purchase equipment outright? Lisa Price. Your email address will not be published. After deciding that your small business would benefit from a business loan in the short term, it's important that you nail down exactly what type of loan you want to pursue. Read More. Calculate your revenue and find out the minimum a given lender requires before you apply. This may influence which products we write about and where and how the product appears on a page.