As a small business owner, you know everything there is about running your business, but you may feel a bit confused or intimidated by approaching your banker about borrowing money. At TDECU we want to put you at ease, prepare you for this conversation and give you some idea of how bankers make credit decisions.
- Before approaching any lender, you should carefully evaluate your financing needs. While the lender will make an assessment of their own in analyzing your loan request, you are responsible for identifying the amount of money needed for specific purposes.
- A lender’s goal in making any loan is to ensure that its risk is reasonable and that the loan can be repaid according to the proposed terms.