Why A Business Is The American Dream For Your Own Business Loan

1487 Words Dec 11th, 2016 6 Pages
Imagine owning your own business, working when you deem necessary and above all, being your own boss. Owning a business is the American dream for many and represents truly “making it” and securing a solid financial future for your family. For many, obtaining a business loan is one of the first steps to starting a business. There are several factors and components that loan officers look for when they consider providing a business loan. Unfortunately, there are factors that can prevent a business owner from securing a business loan, along with ramifications for being denied a loan.
Loan officers have the unique job of determining whether business owners should receive a business. There are numerous financial, however, in Bay City, Texas, Wells Fargo has proven to be the leader in awarding small business owners a business loan. After briefly interviewing a Wells Fargo business loan officer, solid information and insight was obtained. According to a Well Fargo loan officer, “small business owners come in quite frequently to obtain a loan. I feel like I have the best job in the world because I get to help people build their business, which I hope helps create jobs for our community. We are a small community and every business is vital to our city” (Well Fargo loan officer, personal communication, December 7, 2016). When asked what factors and components are taken into consideration when providing a business loan, the loan officer (personal communication, December 7, 2016)…

Related Documents