Financial Best Practices

  • Down payment – when you apply for a business loan, your lender would expect that you can pay him or her with a down payment. Business loan may not always be available most especially for new owners of businesses. The amount you have to pay for the loan’s down payment might be different from every lender. Usually, a lender will require you to give at least 20% before he or she gives you the remaining 80% you need.
  • Collateral – aside from paying a down payment, your lender will also expect you to present the collateral. If you plan to use the money in buying a commercial property, the lender will ask you to present your business as collateral.  If you plan to build a new business, the lender might require you to include some personal assets you have for the loan.

Once you have these requirements, you may go to your lender and present all of these. Your lender will review your credit report and business plan. You will be requested to wait for a few days for the approval.

Aside from knowing the requirements in applying for a business loan, you also have to learn where you can avail it. Here are the steps that you should follow in finding out where you can apply for a business loan:

Steps in Finding a Business Loan

1.            Create your business plan. This document will be examined by your lender because he or she wants to know why you would like to borrow money and where the money will be used.

2.            Make and prepare the money flow projection. This document will provide your lender with financial details he or she needs in assessing the risk and in making his or her final decision about your loan application.

3.            Send your loan application to a banking institution. If you have been a customer of your lender before, he or she might approve your loan right away.

4.            Make an online search. You can use the internet in looking for websites that offer loan policy quotes comparison. This service will be more beneficial to you if the lenders are not from your location. Since business loan is always in demand, the banks offer debit cards or any other benefits so that they can attract more borrowers. Ensure that you are obtaining the best loan deal before you sign the loan contract.

5.            You can also use some websites that offer services related to business loan and its application process. You should choose the right option for you. The best option will depend on your status and whether you are already a business owner, you are planning to start one or you would like to buy a business establishment. You have to enter the amount of money you would like to borrow together with other details needed. You will receive a list of all lenders who match your criteria.

This chart represents a framework of success factors found to be prevalent in higher performing schools.
Click through district, school and classroom columns for detail. Thank our virtual office provider for this chart.

Organizing Theme District/System School Classroom
College and Career Readiness Curriculum & Expectations Provide clear, specific learning objectives aligned to college and career readiness, along with evidence-based instructional practices, materials and resources. Implement the system’s rigorous instructional program so that all students master the content knowledge and 21st century skills needed for post-secondary education and career success. Implement evidence-based, engaging instructional practices and effective lesson design to ensure that all students meet rigorous expectations for content knowledge, critical thinking, and self-direction.
Culture of Achievement Establish system-wide mission of college and career readiness for all students; provide schools with leadership and resources to support a culture of achievement. Develop a collaborative school community that fosters a college-bound mindset, scholarship, and self-directed learning for achievement at the highest levels. Promote the school’s academic community by maintaining college and career expectations, a collaborative professional culture, and a growth mindset among students.
Human Capital Hire and cultivate effective school leaders and highly qualified teachers; build systems for monitoring school performance, recognizing staff contributions, and providing ongoing supports. Provide instructional leadership, a coherent program for professional development, and on-going feedback of teachers’ classroom practice; empower teachers to collaborate and own their professional growth. Actively pursue personal and staff professional growth opportunities aligned to fostering college and career readiness; collaborate with colleagues and school leaders to create an environment of transparency and continuous improvement.
Data & Assessment Maintain data and assessment systems to monitor school and student performance; provide resources for using data to support academic achievement. Use a variety of data, including college-ready metrics, to monitor instructional practices and student achievement; support teachers in using data to improve instruction. Draw on multiple forms of authentic assessment to monitor student achievement and use results to respond to individual and collective learning needs.
Personalized Learning Deploy resources and guidance to support schools’ efforts to prepare all students for college; explore innovations in personalizing instruction to meet students’ varied needs. Develop systems for identifying student needs and strengths, monitoring student progress, and customizing individualized learning experiences, including multi-tiered systems of support. Collaborate with specialists and colleagues to personalize curriculum, instructional practices, and evidence-based learning support strategies to effectively meet the specialized academic needs of all students.