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If you plan to seek a loan from a financial institution, be prepared to supply an in depth explanation of how much money you want and for what purposes, in addition to a detailed rationalization of how you will be able to repay the mortgage. The bank may need to see current personal revenue tax returns , financial institution statements , credit history and other personal financial data.
Missouri, as an example, presents an Action Fund Loan for brand new or increasing businesses which have exhausted other funding sources. New York also presents loans and grants to firms that commit important capital to the state and to the creation and retention of private sector jobs. The Council of State Governments has a search tool …