Mistake #3: Expecting a loan without collateral or a plan to pay it back. 
A banker won’t approve a loan that he doesn’t think has a chance 
of getting paid back. So be sure to detail in your business plan how you
 are going to make the revenue to pay the loan back or any collateral 
you have to back it up. Also, be sure to explain why the loan is 
critical for your business. “Make sure there is a solid business plan as
 to what they are planning to do with their business and how the 
financing will support the mission for the company,” says Toth.
http://www.entrepreneur.com/blog/223585
 
 
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