Grant information can be found at your local library in the business section. In addition, you'll have to meet zoning laws, building codes, and similar regulations. In most states, if your business isn't a corporation and your full name isn't in the name of the business, you'll have to register under what's called a Fictitious Name Registration. You should also file for a Sales and Use tax number. The kind of financing most entrepreneurs seek through commercial lenders is debt financing, and most banks provide debt financing for existing and start-up businesses.
Banks vary substantially in their lending practices.
While one bank may decline your loan application, another may be willing to take a higher risk or be interested in lending to small businesses. It is advisable to understand a bank's lending guidelines before applying for a loan. Consideration of the business idea, usually explained in a business plan 2. Credit history and personal financial net worth 5. Management ability 6.