Convince the bank of your credit worthiness with figures and references. In fact, there is a greater diversity of interest rates and loan terms being offered than ever before. Borrowers who prove themselves to be low credit risks will have the most freedom in choosing a bank with the most agreeable terms. Some loan applicants approach bank officers with the desperation of a convict coming before a parole board. But innocent until proven guilty would be a more accurate analogy.
Banks make money by lending money, so they accentuate the positive in an effort to approve loans.
Applicants can improve their chances by arriving at the bank with an organized, hard-hitting presentation for loan officers. A focused, clear-eyed business plan is always a good start. The loan officer can use it to evaluate a company's mission statement, history and place in the market. In addition to the business plan, applicants score points for bringing personal and professional references. They may want to go so far as drafting a detailed repayment plan, although this may be superseded by the bank's own policies.