When it comes to starting a business, money is definitely important. Without a solid amount of cash, it's going to be difficult to buy products, hire help, and market your services on television or the Internet. Getting a loan is great because it gives you access to a lump sum of cash, without having to actually save up for it. You want your business loan to have incredible terms, so you can feel comfortable as you grow your business. Listed below are a few tips that can help you get the best possible terms on your business loan.

Commit To Being A "Green" Facility

These days, there's a huge push toward going green. Consumers are becoming more and more committed to making sure that the businesses they patronize are operating in a way that is not overly harsh toward the environment. Because the buying public is the one who is essentially going to power your business, it's vital that you keep your ear to the ground, so you'll know what causes they are championing. Banks and lenders do this, too, and offer benefits to those entrepreneurs who will do the same.

Some lenders have a requirement that anyone who is seeking a loan from them will have to write up a business plan. In your business plan, make it known that you are committed to being a green company. Maybe you want to use the funds to purchase a commercial building and make it "green" by gutting it and installing an energy efficient heating, air conditioning, and ventilation (HVAC) system. When the lender sees that, they might agree to give you an even higher loan limit than what you would have ordinarily received. 

Try To Get Revenue-Based Repayment

Repaying a fixed loan payment can be tough if your business doesn't grow as fast as you thought it would. The payment might start to seem so crushing that you wonder if you'll even be able to come up with it.

Instead of getting a fixed-loan payment, talk with your lender about doing revenue-based repayment. With this method, a certain percentage of all of your sales will automatically be applied to the loan. If sales are down, you aren't on the hook for a fixed payment.

Getting a business building loan could be the beginning of an incredibly wild ride for you. If you remember these tips, you're sure to be pleased with the loan terms that you receive.

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