← 5 Tips on How to Secure a Small Business Loan

Profitable-Business-620×480

By Anslem Samuel | Published December 6, 2011 | Full size is 620 × 480 pixels

Core financial strength versus just operational strength. Dillon cites loan applications from two restaurants, both of which looked good operationally. “One has probably a little bit stronger following, but good food at both restaurants. The other negotiated a tremendously favorable lease with a low rent rate, low annual escalations, in an excellent location with major tenant improvement allowances from the landlord. The second also did a great job with establishing the financial foundation.” As a result, while both have operational strength, the second also has a stronger, established financial foundation.

Core financial strength versus just operational strength.

Dillon cites loan applications from two restaurants, both of…

(Image: ThinkStock)