Risk Management
Business Credit Checklist
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Business Credit Checklist

1
Determine your need for credit
2
Review business financial statements
3
Calculate debt service coverage ratio
4
Assess credit risk
5
Approval: Credit Risk Assessment
6
Review personal credit history
7
Prepare business plan and financial projections
8
Search for potential lenders
9
Compare loan terms and conditions
10
Prepare loan application
11
Compile necessary documents
12
Submit loan application
13
Approval: Loan Application Submission
14
Follow up with lenders
15
Handle lender inquiries
16
Negotiate loan terms and conditions
17
Secure the loan
18
Review loan agreement
19
Approval: Loan Agreement Review
20
Sign and return loan agreement