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• Explain a reasonable cause for loan.
• The amount of loan required, and the repayment term of the small business loan you want.
• Describe of how you will repay the amount you lent.
• Details of security you will be able to offer to the lender
• Include your business plan with the application that describes management skill, market information.
• Include last few years financial statement.
• Include current account status
• Your existing debtors and creditors
Hi daliscarlod4
Thanks for the tips that you have provided. If you have any question related to credit, you may ask at the forums.
lpLlidMvna
They can continue to bill you, and some of the sbcaumg creditors probably will, but they have no legal right to collect anything from you if your debts were fully discharged in bankruptcy. If you were placed in the wage earner plan (Title 13, I think) they will eventually get some of their money from the bankruptcy trustee, but they cannot continue to harass you. In either case, turn the bill over to the bankruptcy trustee or the court. Let them deal with the sbcaumg.My father filed Title 13 before he died, then my mother refiled to Title 7 for discharge of debts. Dad died in 1994, Mom has been gone for seven years, and we still occasionally get letters from collection agencies addressed to them. I just trash them now.
Make sure you have a constructive business plan before you plan to apply for a loan from the lender. You need to review your credit report before applying for a loan.