The first step is to apply for a loan. You would need to provide the bank with your personal information, such as your credit score, income, and monthly expenses. The bank will also ask you for a business plan and financial statements. The next step is to wait for the bank’s decision on whether you will be approved or not.
If you are approved then you can start your own business with their help. If not, then there are other options available to help fund your startup like crowdfunding or angel investors.
How do I get a loan from a bank or other financial institution to start my own business?
Upbiz Changed status to publish October 16, 2022