Bill Bartmann: How to Borrow all the Money Your Business Needs

• The only opinion of you that matters is your own

• You have to learn to forgive

• Everything in life is a choice; choose wisely

• Invest in yourself

Bill Bartmann believes high self-esteem leads to not being concerned with what others think of you; this leads to increased self-confidence and willingness to take risks; finally leading to a greater chance of success with your business.

All businesses need money to start up, operate and expand; borrowing money or obtaining business lines of credit is a skill required to be successful.  When you apply for a business loan you must demonstrate a successful business and your personal knowledge and experience.

Bill Bartmann's Basic Essentials about Business Loan Applications

Qualify the Lender – Lenders are specialized; be sure the institution you are considering applying to is appropriate for your needs.  Lending institutions have rules and guidelines including amount they will loan (minimum and maximum), the industries they will loan to and geographic areas where they make loans.

Lenders want to Loan Money – Even in tough economic times, lenders need to make loans; this is how they make money.

Competition – Lenders will choose the best qualified applicants to lend money to; get in front of your competition and show you are the better candidate for a business loan.

First Impression – The first person you talk to could have the authority to deny your loan; however, they cannot approve it.  Their job is to screen applicants early to avoid wasting the loan committee's time.  It is very important to make a good impression on this person.

Multi-Step Process – Be patient and cooperative during the process of borrowing business capital; do not expect to walk in, apply and interview, and walk out with a check the same day.

The 4 P's – Punctual – Keep your appointment; do not arrive very early or late; respect their time.  Professional – look and dress the part.  Prepared – Have your loan proposal with you for the loan committee's benefit.  Prompt – If your appointment is to last 10 minutes, do not go over.  Avoid small talk, be brief, get to the point and wrap it up in 10 minutes.

Call Ahead – Avoid wasting time; make sure the lender you are making an appointment with is one who can do business with you.  Tell them who you are, how much you need to borrow, the industry you're in and the area where you're located.  Some lenders can only do very large loans; some are specialized in funding specific industries; some only work in certain geographic areas.

Apply in Writing – Remember, the first person you speak to can say no, but they most likely cannot say yes.  They will, however, be conveying your information to those on the loan committee. To avoid errors in relaying verbal information, always give them your written loan proposal; this is what the loan committee really needs in order to decide if you will be approved.

Your presentation determines your success in being approved for a business loan.  A positive self image is essential to show a lender your confidence in your ability to run a successful business.  Show that you are serious about your business and that you know what you are getting into.  Your well written loan proposal, with your business plan, will show the lender how much you need to borrow, how it will be used and your ability to repay the loan with interest.

Bill Bartmann has borrowed $3.1 Million dollars in 120 transactions from 180 lenders to fund businesses.  He has never used any of his own money for business.  Bill Bartmann covers all the essentials to borrowing money for your business, in great detail, in his online course, Billionaire Business Systems.  Download this course at http://www.billionaireu.com to learn all the essentials of business ownership.