Check the Federal Deposit Insurance Corporation (FDIC) troubled-bank watch list.
Make sure the management team is stable.
Seek out a bank that may have a niche in your business area.
The article also reminds business owners that it’s extremely important to present well when approaching any bank for a loan to improve your ability to negotiate. It recommends taking the time prepare your loan package and financial statements. This can include having a business valuation in hand and/or an appraisal of your assets for collateral.
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