Anybody can spare $20 but they still want to know if they’re going to get paid back. They might even ask what you need the money for.
Most small business start ups are short of cash and seeking a loan. Whether its $20 or $20,000 the same questions apply - when will you pay me back and what do you want the money for.
Strangely enough the enthusiasm for seeking money rarely matches the energy needed to create a payback plan for a small business start up loan. For a casual $20 loan we have a ready answer to the potential lenders questions. For a small business start up loan you need to know what you need the money for, how you’ll pay it back and when the loan payback will be made.
Need $20 or more for your start up? Be prepared to answer lenders questions to get the small business start up loan you need.