Top 10 myths getting a business loan

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10. They will make a loan because that is what banks are for.

9. I’ll use my good looks and charm to help me seal the deal.

8. They must be doing a lot of loans, look at this expensive office.

7. No sweat. The loan officer is a personal friend of mine.

6. Everyone gets their accountant to show a loss. We really make a lot of money, so no problem.

5. They will like the fact that we want the money to open a new location.

4. They will not ask for our house as collateral.

3. They will not put a lien on everything we own.

2. They won’t ask for too much paperwork.

1. This won’t be a problem.