If you are a small business owner looking for a loan, a bank will expect you to ________.

Question

Quizplus · Accepted Answer

When applying for a business loan, banks want to see that you are committed to paying back the loan. By personally guaranteeing the loan, you are showing that you are willing to take responsibility for paying back the debt if your business is unable to. This will give the bank more confidence in lending you money. Choices A, B, and D are not relevant to a bank's decision on whether to provide a loan or not.

If You Are a Small Business Owner Looking for a Loan