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Obtaining a loan is a fairly simple process, but there are some key points you want to keep in mind when talking to a bank or loaning officer.
"Getting a bank loan is the process of convincing the bank that your business has a high probability of success and a low probability of failure. Banks need to make loans in order to stay in business but they do need to make low-risk loans. Banks operate on a very low margin (less than 5 percent) and it frequently takes 33 good loans to make up for one bad one. What this means is that banks have a low tolerance for high-risk ventures and you must convince your bank that you are offering a loan of low risk."