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Hello, my name is F.J. Cava, and I have an MBA from San Francisco State University, in
Entrepreneurship. I'm also owner of the Bayview Webspot, which is an internet cafe, in San
Francisco. I'm going to talk to you today about how to apply for a business loan. The
first thing you'll need, is a business plan. Make sure that you have a clear understanding
of what type of business you want to do. Second, you need to have your personal finances in
order. If you're anything but a corporation, and even if you are a corporation, you will
need to have your personal finances together, so check your credit score. Also, know what
you want to buy with the money that you're asking for. Make sure you know how much it's
going to cost. It is not a good idea to walk into the bank, or the loan officer, and say,
How much money can I get? What you want to say is, I need ten thousand dollars for this.
Finally, have your business plan financials together. Have projected profit loss statements,
cash flow statements, and a projected balance sheet. This is probably the first thing that
the financial loan officer will look at. Make sure that you have other paperwork in order,
and make sure that your business is registered in the city and county, that you want to do
business in. That's it.