Partners in Business tip: Prepare for loans

Partners in Business is sponsored by Ryder, Goodyear and Truckstop.com.

Partners in Business is sponsored by Ryder, Goodyear and Truckstop.com.

When you apply for a loan, be prepared to provide as much information as you can. You’ll need a budget, a business plan and a cash-flow statement when you apply for a loan. Be prepared to list credit references, even if you don’t have a perfect credit history. Include present and past creditors. Show the lender that you are a business owner first and an operator second.

The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm. It is sponsored by Ryder and Goodyear.

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