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What you need to get a term loan
April 17, 2009
Applying for a term loan can be a time-consuming process. Typically you are asked for following details:
Financial statements for past three years
Tax returns for the past three years
Document of collateral you want to provide
Incorporation papers if your business is a corporation
A personal guarantee for a new business if the collateral provided is insufficient
Your business plan with projection for three years
Photograph: Arun Patil
Also see: How to pay off your home loan faster
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