To improve your chances of getting a small business loan, ask yourself these questions:
-- Do you have a strong business plan that shows specifically what you'll do with the loan?
-- Can you show how you will repay the loan? Projecting where or how you'll make money in the future, and how that will go toward repaying the loan, is important.
-- What other assets do you have? A lender will want to know if you default, there is something else they can fall back on. Also, you'll want to prove you have a history of getting and repaying credit and that your personal and professional finances are in order.