How Do Small Business Loans Work? What's the Process of applying for one?

How much should small businesses borrow? How much business debt is too much? Borrowing may not be the best option for you or your small business. In this episode, two long-time bankers who have worked with numerous small businesses throughout Arizona explain that just because you can borrow, doesn’t mean you should. Business loans don't always lead to business growth, and in this episode, John and Brent explain why with real stories from their experiences.

“That may sound crazy coming from a banker, but too often in my career, I’ve watched businesses with the ability and compacity to borrow… turned out that in the long run, they probably shouldn’t have borrowed. Or they should have been more selective in their borrowing,” says Brent Cannon.

Brent Cannon, EVP, director of community banking at National Bank of Arizona is your host for Financial Cents, Arizona’s Financial Podcast. On this podcast, Brent and real bankers give insights that viewers could only get if they had a friend in the business. John Lewis, SVP, business banking manager at National Bank of Arizona, returns as guest. Tune into episode two as we address the common questions business owners ask and the common concerns bankers have before applying for a business loan. 

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