It’s exciting that banks will loan money to these entrepreneurs. The person who applies for a loan like this must have a good rapport with the lender to make sure they’re trustworthy and that they’ll repay their funds.

One suggestion the speaker gives is to dress professionally. A good business plan will let potential lenders know that the person is committed to their business. The well-crafted business plan can put potential investors at ease about the reliability of the applicant.

The speaker recommends one creates an LLC in order to safeguard their assets. However, he suggests to give the lender security on its assets personality. The lender who is interested will be amazed if the person who is applying will repay the loan on time. Even if you end up with a loss is crucial that you repay your lender. winyathyif.