Web Development

How To Boost Your Chances Of Getting Approved For A Bank Loan

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Executive Summary

Despite recent moves by the Obama administration to loosen bank lending to small businesses, it still can be tricky to get a loan. But, it's not impossible, especially for firms with a healthy balance sheet. "If the owner has a strong credit history, the company has been in business for a number of years and revenues and profits are on the rise, you can get a loan or a credit line," says Ken Gaebler, principal of Walker Sands, a Chicago-based marketing and web design company that just received a $75,000 line of credit.

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