Good Credit - To successfully receive a business loan, the entrepreneur must have demonstrated the ability and willingness to pay back loans and meet financial obligations.  Having solid personal finances with a high income to debt ratio and positive net worth is equally important.

Business Plan - A good business plan demonstrates a thoughtful study of the business, the risks the competition, and the finances.  Time invested in a good business plan will not only help in securing financing but will greatly improve the chances for success

Collateral - When financing a new start-up business, the entrepreneur must be able to offer some collateral to secure a least a substantial portion of the loan.

Experience - A lender will want to know that an entrepreneur has either significant industry experience or experience managing a business.

Cash - A larger personal investment improves the changes of getting financing. Personal credit is one of the areas a lender looks at in evaluating a new entity.  Keep your personal credit up to date and do not let too many lenders pull your credit before applying for a loan or lease.   The other area is “how much” did you invest in your new business?  A lender does not want to have a bigger interest in your business than you have in your business.  A good recommendation is to have enough cash flow to get you through to profitability.  Don’t pay CASH for everything.  You will need your cash to run the business in later months.