As part of the small business plan, the financial position will have been identified in the start-up phase and included in the overall business plan. In instances when the small business has insufficient finances, the business owner may seek additional financing.

Lenders or financiers need assurance that borrowers will be able to repay the loan, both the principal and interest, in the timeframe designated. There are certain considerations that concern financiers or lenders to which small business owners must attend. These include the following:

• Commercial viability of the loan application.
• Financial well-being of the borrower's business.
• Availability of security, such as real estate property and other assets.
• Ability and expertise of the small business owner.

Checklist to Prepare for Fund Providers or Lenders