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BALTIMORE ECONOMIC 
LEADERSHIP LEAGUE


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LOAN INTERVIEW QUESTIONS 

Thank you. I have some standard questions that we ask all applicants. You are aware that you are being recorded correct? 


The recording of this meeting will be a part of your loan application packet. The loan committee may watch this as a part of their assessment and approval/ denial process for a commercial loan for your business. This should take approximately 30 minutes. 


Do you understand that this loan is to be used for business purposes only?


Is it OK to proceed with the recording and questions?



OK. Thank you. Let's begin.


Character

What is your credit score?

What have been your credit challenges in the past? 

How will you overcome challenges and improve credit?


Capital

How much of your money have you invested?

What are your plans for future investment in your business?

How do you plan to use the funds? 

How much do you need to borrow?

How many months do you need to repay the loan?

Is it your intention to pay back this loan to BELL? 

What interest rate range are you looking for?

Describe your sources of income?


Capacity

How much can your business generate per month?

Room to grow? 

Plans to scale? 


Collateral

What collateral do you have?

Do you have outstanding accounts receivable where people owe you money?


Conditions 

Describe the conditions in your industry? 

How will a recession affect you?

How would a pandemic affect your business? 

Opportunity in your community?

What are the greatest challenges to your growth? 

How long does it take you to pay your vendors from the time you receive your bill/ invoice?


Business plan

Describe your management team. 

Do you have a business plan?

Describe your marketing strategy.

Describe your customer demographics. 

Who are your competitors?

What are your monthly expenses?

What is your projected monthly revenue? 

What is your projected monthly profit? 

Describe your Projections over the next 12 months. 

Do you have an accountant? Attorney? Tax advisor? Financial advisor? Banker? Who do you bank with now? 


Thank you.  What questions do you have for me? 





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