5 Tips on How to Secure a Small Business Loan

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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…

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