How to Get a Big Business Loan

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The recession have caused the economy to struggle, as a result, it is anymore easy to obtain a loan for big or small business. In case you have poor credit, it more probable that your loan will be denied especially if you need large money to finance your business.

Starting business is quite challenging.

Effective Business Plan

Before you visit any lending institution make sure to make an effective business plan. This plan should be organized well so that you can be noticed by the lending officer. In case you are not sure on how to make a well-written business plan, then it is helpful if you can ask assistance from a marketing professional. If not you can also seek suggestion from the website of Small Business Administration, you can visit or speak to one of their representatives. They can provide information and tutorials on how you can make a great business plan. SBA will recommend you the best plan for your business.

The following are some of the ingredients of effective business plan:

  • Statement of Purpose
  • Cover sheet
  • Management Plan
  • Detailed Description of Business
  • Marketing Ideas
  • Marketing Plans

Business Insurance

It would also be helpful if you can consider certain type of insurance for your business if you really wanted to be successful in your chosen business. Be sure to acquire a quote for insurance earlier, so that you can include this into your business plan. This can also show to the lender that you are not just serious of putting up a business but also very prepared. In your business plan, be sure to include your plan on how you can generate money from business and how you can pay the lender from the borrowed funds. It would be best if you have a start-up-capital, so that the lender will be convinced that you really wanted to succeed.

Loan Application

Before you see a certain loan officer, make sure to accomplish the loan application first. You need to provide some copies of backup cash flow and current cash flow in the event that the business does not do well initially. It is very important to remember also that before you see them is to figure-out the money that you need for running such business. This will give the loan officer to approve your loan because they know that you are determined to improve your business.

Finally, before you see the lender, it is very significant to verify your credit score as well as the criteria of the lender for business loan. In this means you already know that your history and credits is applicable for the loan.

59 Comments

  • 1. samirkumar said on November 26, 2011
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  • 2. Jayendrasinh said on December 25, 2011
    I want to build up a cotton seed plant on my own land located in the rural farming land however all the facilities like light water and road transport are available easily, how do I get the loan for the same, I would request to help me with the start up process.
  • 3. Joe said on February 14, 2012
    We want to establish biodiesel business in Karnataka. Please provide us the details which are necessary to establish the business contact-gladsjai@yahoo.co.in. Karnataka, India
  • 4. narayan said on March 25, 2012
    we want to establish one big organic farm mainly orange and coffee
  • 5. deepak said on April 16, 2012
    i want to setup a 20000sqft farm house in lucknow but i have only 10lac inr. from where i get loan for farm house. from lucknow. mobile no is 9935158523
  • 6. Rose Mensler said on April 25, 2012
    I would like to open a shop for Arts & Crafts in Hamburg City Germany and need funds to enable me realise my dreams. I have done the business before on part time basis.I have made up my mind to go into fulltime business since i have enough time to invest. Who can assist me? If there is anyone ready to work with me he or she would be most welcome.There are enough customers for my products and i should say they inspired me a lot hence the interest to open a shop.Hamburg is a city visited by many tourists from all over the world.I am sure of success.
  • 7. Tooshhar Patil said on May 26, 2012
    I want to start new small scale Herbal industry. But due to lack of capital, since 3 years i'm searching for the same. Can you help me, how to get Capital loan or Venture capital? and where? Kindly help me in this regards at tooshhar.s@gmail.com or call me 09763002183 Awaiting for your positive reply. Thanks
  • 8. Harry said on June 28, 2012
    Hi I m from Mumbai and I want to start a salon biz soon how can I get loan of say minimum 10 lakh. I am already into business and want to expand have a company registered. So please advice, Thanx Harry
  • 9. naveenreddy.seelam said on June 28, 2012
    sir I'm fully interested in diary farming [buffalo] please tell me loan process. I'm in Andhrapradesh, Krishna [dt], nuzvid.
  • 10. timothy said on July 19, 2012
    location is Arima, in the country of trinidad and tobago. I have little knowledge in general farming (fish, goat and sheep, chicken also in short term crops). I want to own a chicken on a 90 acre parcel of land. Sorry to say my only capital is my knowledge and my willingness to make it work. any advice is greatly appreciated.
  • 11. pawan kumar said on August 18, 2012
    Hello sir I want to start own concept business like dairy firm and textile so suggest me how to start and loan process. location is Darbhanga,Bihar, India
  • 12. Goodluck said on August 30, 2012
    We are Uncle Milo Sunflower oil located at Dodoma,Tanzania,We are dealing with Sunflower seed agriculture,processing Sunflower cooking Oil and Sunflower Cakes.So we're looking for grants to build the capacity of our production
  • 13. rahul batra said on September 14, 2012
    i wanna construct PG for students because so many engg colleges are around here can u help me out in this project. palwal, haryana. waiting for your early reply
  • 14. Srinivas K Murthy said on September 28, 2012
    Hello Sir, I want to start an Airline Business of my own, but I am a middle class born, but this is my dream to be an Airline owner. Please help me how can i get finance? My no is 9833011988.
  • 15. Hiren Dath said on November 9, 2012
    looking for an investor for domestic air line industry based in kerala and tourism helicopter services, my mail id hirendath@gmail.com
  • 16. ashutosh thakur said on November 10, 2012
    Hello sir, my name is ashutosh thakur. i lived in muzaffarpur(bihar). i want to start my own mechanized biscuit plant. so, pls help me. my con. 9955477785
  • 17. sahebdin said on December 11, 2012
    i live in france but i am originally from MAURITIUS ISLAND and after some years i want to make a farm of rabbit in mauritius no problem for land i just want to have some advise about farming thank you in advance
  • 18. Lino Azurin said on December 18, 2012
    We are 7 brothers who wanted to start a Post Harvest Facilities in central Luzon of the Philippines. We have a 2 hectares of land that we want to loan to have a start up capital for this project. Please coach us and refer us to proper banks so we can start planning on our business plan.
  • 19. Mayank seth said on January 12, 2013
    I want to start a two wheeler automobile franchise of an Mnc in Rajasthan, India. For which the investment would be upto 2,00,000USD/Rs.1crore. Apart from funds all the resources are available with me. Please help me to know from where I can get funding.
  • 20. pv rao said on January 18, 2013
    Basically i am electrical engineer and I want to open hardware shop (steel, cement, electrical & plumbing ) at kothavalasa vizianagaram district, andhra pradesh. Kindly furnish the start up procedures and statutory licenses required to be fulfilled. the maximum investment from my side is 15lac.
  • 21. suresh babu said on January 22, 2013
    kampala uganda, i like to start a business in furniture and interior business, i have more than 20 years experience this field, but i dont have enough money to start, i have lot a contact here, sir please give an advice. thanks suresh
  • 22. Prasanna said on January 23, 2013
    Hi!! Am Prasanna from Hyderabad planning to start business of my own. Single woman to take of my whole family. Looking for an investor for woman garment boutique. Anyone interested please contact me on my email id @ prasanna_pb2004@yahoo.co.in...thks
  • 23. Prasanna said on January 23, 2013
    If anyone provide me the loan of 10Lacs is also fine contact me please on prasanna_pb2004@yahoo.co.in
  • 24. Nyasha Sema said on January 26, 2013
    Same Piggery and Poultry project, Madziwa, Bindura, Zimbabwe.
  • 25. makhosi said on February 8, 2013
    I would like to open a tent for hire business which include providing services like decorations and catering. But i dont have the finance for it if someone would help me with finance i would really appreciate it my number is 079 0548845.
  • 26. Maheshwar Raghunath Patange said on February 8, 2013
    I am interest in Dairy Farming. please help me & tell me about loan process of dairy.
  • 27. Sanjay D Rane said on February 19, 2013
    I want to start new 3 Star Hotel Project in Kokan. Can you help me, how to get Equity loan or Term Loan Kindly help me in this regards at sanjaydrane@gmail.com or call me 09967848585 Awaiting for your positive reply. Thanks
  • 28. Gopal Sharma said on March 20, 2013
    Sir i want to start a mineral water plant. where i get finance & can i get government add .
  • 29. Utendra Singh said on March 21, 2013
    Hi , I am utendra singh i want to established my own small scale industry (Mustered Oil and subzi masale )In fatehpur up . i have my own land for the same but i required the finance for the starting the same ..Pl suggest for the same ...8090233444
  • 30. kat said on April 20, 2013
    i would like to find out how i can get some financial assistance to fund an idea I have and think it will sell well
  • 31. ERNEST PASLEIN said on May 7, 2013
    I want the Investors to come to Meghalaya and invest with me for setting a unit on Agro-Base-Industries(for Fruits and vegetables Processing Unit)for 50 Lakhs minimum and upto 1 crore maximum. Location- Amlarem West Jaintia Hills District Meghalaya. you may contact me in this phone Number:-919863074239/919856768390
  • 32. Pastor Isaac Christos said on July 10, 2013
    We are in Dar Es Salaam Tanzania. We are looking for financier to finance us in agriculture activities at Pwani and Morogoro Regions as well.We have group of young people who are living in that areas at our farms.Your positive respond is highly appreciated. God bless you. Regards New Creation Church.
  • 33. safeer said on July 27, 2013
    i want to start namkeen (1 rs)pouch manufacturing business in belgaum. i dont have money. how i can get loan please help me
  • 34. Devendra Medhekar said on July 31, 2013
    Dear sir, My Package Drinking Water project at mhasala Dist - Raigad, (180 km from Mumbai) Maharashtra, India. project is approx. of Rs. 2 Cr. I allready invest Rs. 40 - 45 lacks and trying to get loan Rs. 1.5 cr from Bank. But bank will take 1 to 1.5 months. in between I required urgently invester for 20 - 30 lacks or partner for 50 lacks. If any one Invest in my project i will give @ 16 % P.A. for 2 years, @ 18 % P.A. for 3 years or 25 % Partnership for RS 50 lacks. I having unlimited water with original ph-7, and TDS = 22, compare to Bislery TDS = 80- 120, Muncipal Water of Mumbai TDS = 100, and Mulshi Creation TDS is 95 checked with gooogal) that means 4 -5 times my better water quality. ( less TDS means Good quality Water for human body). Thnx and Regard, Devendra Medhekar, 08108981999
  • 35. lottie said on August 15, 2013
    i'm planning to put up a recruitment and travel agency, real estate and 3 into 1 pawnshop, money changer and remittance center in the Philippines, how can i avail of loans to funds my businesses, can you refer me to any bank, thank you
  • 36. mark ngecho said on September 20, 2013
    hi, i would like to start a meddle level college in western part of Kenya in kakamega county. i bought a plot and the landlord want to add me another piece which will actually be ideal for such investment. kindly advice on how i can access credit facility for me to realize my dream. the place is accessible.
  • 37. lorraine said on October 7, 2013
    I have a clothing manufacturing business but it is going very slow so i went out looking for business and i found a company who wants t-shirts to be manufactured here in South Africa so i need machines to make t-shirts but i dont have finance .can somebody please advise me as to how i can acquire a loan
  • 38. Indira NGWENYA said on October 21, 2013
    We are a group of four black individuals who want get into BROILER farming and need R14 million where can we find the funding because we are struggling to get it. We have the contracts from the farmers who want to sell their farm at this amount and we are frustrated in our search.
  • 39. THANDAZILE said on November 4, 2013
    hi i would like to start a toilet paper making business i already have the business plan my only problem is financial assistance i dont know where to be assisted.
  • 40. Michael Jegadish said on November 14, 2013
    Sir, I like to start a pickle industry and supply all through India and make plenty of money. I am having the technical know-how of my own. The only problem is I do not have money to invest. I need one crore of rupees to generate my business. even it is black also ok please contact me through my email. Please respond me with your conditions. Regards Michael Jegadish
  • 41. shehata said on December 21, 2013
    i own land commercial ,153 acre i need some one to nivisted as a green energy production or other different idea ,if some one he see himself ,please em back .thank you
  • 42. jannie prens said on January 17, 2014
    hallo sir I want to start a funeral business in sir lowrys pass where it is a need for the community. i need financial assistance to get it equipment to start the business please can someone assist me where to go for help. my number is 0836797037.thanks for your help.
  • 43. Dalavai said on January 25, 2014
    I am doing business of FMCG in Devanahalli town as there is expansion plan in terms of market and business growth. So I will I get finance support.
  • 44. sanjeev said on March 24, 2014
    Dear Sir, I have done MBA and DMLT and working in healthcare industry. I am planning to open my own pathology center. could you suggest me the approximate price of equipment and other value related to this project. Thanks and regards, sanjeev
  • 45. Suresh said on April 17, 2014
    I'm interest to start avin..branch.eve snack.tea..near by madurai
  • 46. Arni Camilotes said on April 24, 2014
    Sir, I have 2 location of Money Transfer WU..and 2 years operating of my existing store and loading station..My concern is I want to have an additional revolving capital for my Money Transfer/Remittance and some improvements of my location to give a better service and comfortable for my clients. Thank You & GOD BLESS from: GEOCHRIST STORE AND LOADING STATION ADD: CABUYAO CITY LAGUNA PHILIPPINES
  • 47. shailesh said on May 12, 2014
    chhindwara parasia road about 10km distance from chhindwara (sent me registration processes) dist add- chhinda th- parasia dist- chhindwara (m.p.)india
  • 48. jeff jones said on June 22, 2014
    CYPRESS CA 90630 i would like to open a ICE COMPANY with some ice despisers on some trucks to go to venues to sell i see people running out of ice every time we do a venue it would sell like crazy at those see with my own eyes nobody has enough ice ever
  • 49. arvind makde said on July 19, 2014
    dear sir, i want loan for packaging ind in pune. my packaging ind knowledge is 10 years. i want 10 lac rs loan require. regards, Arvind Makde, Mo.9272513453
  • 50. ranganath vk said on August 17, 2014
    dear sir/ madam i want to start sheep farm please help me loan i am in poor position and i have a property.
  • 51. Tejendra yadav said on September 21, 2014
    open, computer institute and all poor student for visit. change life some time vijaygarh (aligarh)U P India
  • 52. lekh raj said on December 27, 2014
    dear sir/mam i want loan for construction school building
  • 53. TUMUSHABE JOSHUA said on January 22, 2015
    i have enough land for about 20 hectares and i need an investor to start-up an institution. my plan is to have a technical institution. i need an investor call me on. +256787441484/+256703180018
  • 54. Swarnendu Bar said on February 11, 2015
    Sir, I want to start a new ice-cream plant , So I have need proper project idea from you . Please help me to start my dream project . Swarnendu Bar 9475252213 /7547964514
  • 55. sumit choubey said on May 26, 2015
    sir , i want to establish a flour mill in chhatisgarh. but i dont have sufficient money. how can i get a loan from bank. and whats the process. plz tell me immediately sir.
  • 56. Omer Salem said on August 25, 2015
    I want to manufacture a disposable syringe,profitable business,looking for investor. (mclmachines@aol.com). Plant and machines are ready, but cannot purchase them because of lack of funds
  • 57. Moses Mdletshe said on September 2, 2015
    I want to start an exercise book making company. I need the start up capital to rent the buildings and to buy the necessary plant machinery, papers, cars for delivery and other resources which can be needed.
  • 58. Lekshmi Mohanakrishnan said on October 30, 2015
    Me and my husband have just started a primary diagnostic center in Kerala with all specialty doctors and emphasis on family doctor concept. It has started off quite well but we are short of working capital which is required to support its functioning at least for 1 year. The collateral security which we could provide has already been utilised to avail loan to start the clinic. Is there any means of getting funds for further running of the clinic?
  • 59. nazeer beginner adviser said on May 7, 2016
    i want project fund to start highly successful tourism and cinema multiplex in kerala any one ready to give finance or collateral security for rs 3 to five crore properties on profit sharing basis contact me 00918111847543 or email to india.techno@yanoo.in

    india.techno@yahoo.in || Consultant

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