Checklist of What Banks Want to Know from You.doc

Your bank will need to know the following when you want a loan:

• How much money do you want to borrow?
  
  
• What is the purpose for the money - that is, how will it be used?
  
  
• How will the loan be repaid?
  
  
• What is the source of the funds that will generate the cash for repayment?
  
  
• Do you have a reserve plan in case the funding source you have in mind does not materialise?
  
  
• What security can you offer for the loan?
  
  
• Are you able to offer a personal guarantee for the loan?

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