Traditionally, banks are more conservative with their investment dollars. Unlike many venture capitalists or angel investors, they are far more likely to approve a loan for an established business over a startup or emerging company. This is largely due to the fact that they are investing the money of their depositors.

However, If you have a strong Business Plan and a well-prepared business loan request Banks most likely to give modest-sized loans.

Prior to approaching a bank, have all your key document in order,  starting with a solid business plan. You are also going to need your most recent financial statement available, business plan (projections for the business), and a repayment plan and a collateral.

People behind the business will be evaluated. Most Business in the form of sole proprietorships or partnership , are closely tied to the experience, know-how and overall character of the owner(s). So, You need to get your own financial records in order before asking a bank for financial source for your business.