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| Are You Ready To Borrow? |
CL Fund wants to make sure that you and your business are ready to borrow money.
Can you answer the following questions?
- Do you have a written business plan?
- Have you attended any business classes or workshops on how to run a business?
- Does your business earn enough money to pay its expenses, pay you with enough left to repay a loan? Do you have a written cash flow to verify your ability to repay?
- Do you know exactly how you will spend every dollar of your loan request? This is called a Sources and Uses statement.
- Do you keep financial records for your business? Do you review and understand your statement of income and expenses each month? Need help with accounting? Try outsourcing
- A good credit history is a key part of being able to borrow money for a business. Have you borrowed and repaid loans in the past? Paid your bills and credit cards when they were due?
- Paying us on time is important.
Do you have a backup plan to pay us if your sales dropped or you did not make enough income to pay us?
Check out the Library page for links to other organizations that can help you with the above questions.
If you have good answers to the above questions, print this Loan Application and fax or mail it to CL Fund. |
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You will need the
Adobe Acrobat Reader to our loan application. |
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