Required Collateral A loan may be secured by a second mortgage, or by a lien on assets purchased with proceeds from the loan. Terms of Repayment Loans on capital assets are based on asset life. Working capital loans have terms ranging from 3 to 5 years. A sound business plan. Historical financial statements and sound financial projections.
Management resumes reflecting the experience of the individuals involved in the business.
Jobs that will be created or retained by the financing. Other lenders will need to provide the balance of the funding. Have a sound business or project plan complete with financial statements, marketing plan, description of the product or service, and management resumes. Discuss your plan with the AOG loan officer, complete an application form and begin to gather the necessary information. Discuss financing possibilities with other lenders in order to determine their level of participation.