Since our economy is not in the best condition it has been, it has become increasingly difficult to obtain loans. This is a challenge for many small business owners who need to borrow money to get their businesses up and running. While it is difficult to get any loan when our economy is bad, getting a small business loan is harder… it is by no means impossible. Small business investing experts state that it is important for small business owners and entrepreneurs to remember that lenders need to make loans to survive. It is also important to remember that if you do not get a loan from a lender you should not get discouraged. You can continue to go to lenders until you get the money you need.Don’t treat a lending interview as something that can just be looked past. You need to treat it with the utmost importance. It is important to go into your interview with a lending company well prepared. Confidence is key and being well prepared will help you achieve and maintain an air of confidence throughout your interview. Small business funding officials state that there are typically five key things that lenders consider when determining if they want to lend money to an individual: well-developed business plan, credit history, your goal of business success, overall experience, and educational history.Business plans are important to have already completed and prepared before you go and talk to a lender. Small business investing companies highly suggest that you come up with a detailed business plan before going into your interview. In addition to this, it is also highly recommended that you anticipate and prepare for questions that are commonly asked by lending agents, such as:1. How much money do you think you will need?2. How long will you have to pay the loan? Need the loan?3. Are there specific resources you need the loan for?4. What is your plan to repay the loan?5. What will you do if you get denied the loan?Make sure that you have compiled everything you need to show to the lender in a nice folder.Your business plan should include a cover letter, financial statements, cash-flow projections, and expected profitability of the business. It should also include financial projections for at least the next three years. Small business investing officials state that if you want to clinch a deal with the lending company that you show proof and figures for everything that you say. You do not want to stretch the truth or speak in broad terms. Here is a final tip that will really help you clinch the deal. Many small business owners and entrepreneurs neglect to think about or realistically discuss risk factors. Being able to discuss potential risk factors and state how you would manage and combat them is important, especially if you have never borrowed before. Lenders want to know that you have really thought about the risks. They may also want to know how you plan on managing any problems that arise.