Louis Zambrio wrote this article at the height of the financial crisis, when banks were much less willing to lend than they are today. That said, this article is still very relevant for a small business owner seeking a bank loan. Mr. Zambrio explains the two ways banks generally extend credit to small businesses (term loans and lines of credit), and then provides an overview of the documents of the business (and the owner personally) which banks typically want to see before making a credit decision.
- Summary by FizzLaw Team
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An Overview of the Legal Documents Required for a Bank Loan