Determine if your financial requests can be accommodated. Make sure you give your banker a specific loan amount. Bankers become frustrated when discussing loans with entrepreneurs who are not sure of how much money they want or need. Shop around for services and rates. Know what you want from the banking relationship and determine whether a bank can provide all the services you require.
Banks have different objectives, charge different fees and set varying interest rates.
Refrain from negotiating the terms and rates of your loan until after the bank has approved your request. Borrowing from a bank for your business Successful banking relationships are built on the personal ties you develop with your banker. Discovering the right loan officer who understands your business and supports your strategic plans takes time and effort. Before approaching a bank for a commercial loan, you must write a business plan that proves to the loan officer that you have thoroughly investigated your venture idea and can demonstrate that the business will earn a profit, that it has growth potential and, most important, that you will be able to repay the loan. Even then, the bank may decide not to make the loan.