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This is the official blog of Citizens National Bank, providing information about personal banking, business banking, mortgage loans, business loans, financial management and helpful tips for consumers located in northern Michigan.

Your Personal Information: Key To Getting Approved For A Small Business Loan

Nancy Lindsay - Thursday, September 04, 2014

Business and Commercial LoansIn last week’s post we talked about how applying for a business loan may be a lot like the TV show Shark Tank. As a business owner, it’s your job to convince the bank that you’re worth the “risk” of providing financing and what sort of business information you need to provide during the application process. But, what you may not realize is that as the business owner, there’s an expectation of personal information as well, further helping the bank get a feel for your expertise and ability to repay the loan.  

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Applying For A Small Business Loan Is A Little Like Shark Tank

Nancy Lindsay - Thursday, August 28, 2014

Business and Commercial LoansDo you watch the TV show Shark Tank? For those of you who may not have seen it before, entrepreneurs come before a group of high-profile investors in hopes that they will finance growth or expansion of their business idea after they hear an impassioned pitch. In applying for a small business loan, you are asking the bank to be a partner in a dream you have to build a future. The process is a bit more low-key than Shark Tank, but what holds true is that you have to convince the bank that you present a risk worth taking.  

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