SME Toolkit Logo
Partner Logo
Home  > Helpful Tips For Your Loan Interview
 Share  Print Version  Email

Helpful Tips For Your Loan Interview

Provided by the International Finance Corporation


1. Be absolutely familiar with everything in the business plan.

2. Sound confident about your business plans and growth.

3. Do various trial run presentations with a friend.

4. Make an appointment - don't just drop in.

5. Don't leave your business plan at the bank - do this only after you've had your interview.

6. Find out who makes the lending decision at the bank, and if possible, what the maximum limit (loan size) the manager can approve.

7. Invite the lender to visit your business. Take them out to lunch, if possible.

8. Open a bank account at the bank. Chose a small business friendly bank.

9. Be honest with the banker. Any misleading information or untruth will come back to haunt you.

10. Keep the banker informed as to your business progress.

11. If there is a credit bureau and you are in it, make sure you know what the credit report says.12. Follow up your interview with a Thank-You note, which reiterates your invitation.

12. Follow up your interview with a Thank-You note, which reiterates your invitation.

 

Copyright © 2000 - 2017, International Finance Corporation. All Rights Reserved.

© International Finance Corporation [Year of First Publication].  All rights reserved.
2121 Pennsylvania Avenue, N.W.
Washington, D.C. 20433
Internet:  www.ifc.org
 
The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law.  IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or  liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon

2121 Pennsylvania Avenue, N.W., Washington, D.C. 20433, www.ifc.org

The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law.  IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or  liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon.

 Share  Print Version  Email