If you can show a strong financial background and a business plan that is solid, then you are the person that lenders like to lend to. It is hard enough for business to get off the ground anyway, and with the economy the way it is, the struggle is even harder. One thing that lenders will find out is if you have a history of not managing money properly in that past as this will make them think twice before lending to you.
Lender want to see a business plan, your credit report and your score, your past tax statement and financial documentation like profit and loss sheet along with your cash flow and income statement. All these documents will let him know how you are dealing with your money and if you are a good risk for a loan.
Lender will also notice if your business location is going to be beneficial and if their investment will be worthwhile. They might also ask you how you plan on dealing with business stresses and legal implications or what if the market falls. Be prepared for all these questions and you will better your chances at a loan.
