Banks and lenders look for a specific mix of factors when considering small business loan applicants. One of the most important aspects of an entrepreneur’s loan request is how much capital he or she has to contribute to the business. It is called putting ‘skin in the game.’ Lenders want to see that the owner is so passionate about the new company that he or she is willing to put personal funds to ensure its success. This idea of supplying part of the funds from one’s own pockets is also […]