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What are the steps to obtaining a business loan?
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1. Prepare a business plan that outlines your business idea, the expected income, and cash flow projections.
2. Research lenders and find the best loan type for your business.
3. Gather the necessary documents such as a Personal Financial Statement, Tax Identification Number, Business License, and Credit Report.
4. Schedule a meeting with the potential lender and make a loan application.
5. Present the business plan and necessary documents to the lender.
6. Discuss payment options, such as interest rates and repayment terms.
7. Sign the loan agreement and receive the loan funds.