Most lenders will require a personal statement, certified business and personal tax returns for the past three years and other supplemental information that demonstrates the financial stability of your company. When the economy is weak, credit criteria will be even more stringent so be prepared to provide detailed information about the historical and projected revenues of your business.
If you currently have a business line of credit, it's a good idea to read the fine print of the agreement and contact your lending institution to make sure you fully understand any new regulations that could impact your business LOC agreement.
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