Ep #7 Loan Applications and Writing a Business Plan

 

Applying for a loan as a small business owner or individual can be confusing and overwhelming. This week we’re talking about our experience with this: where we applied, other loan providers you can research, what the application process was like for us, and how to create a business plan for your loan application.

EPISODE INCLUDES:

  • Why we were applying for a small business loan

  • Where we applied

  • What the process was like

  • Working with Small Business BC

  • Comparison of Futurpreneur, Vancity and traditional banking loans

  • The process and lessons learned from writing a business plan for our loan application

  • What we ultimately ended up choosing to do after being denied by Vancity (see below)

  • Why small business loans past your first 1-2 years of business are challenging

 
 

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Salt Design Co.