FIGURE 10.

2 LOAN APPLICATION ASSESSMENT WORKSHEET

Poor Good Excellent
1 2 3 4 5
Personal credit
rating
______ ______ ______ ______ ______
Capacity to pay
back loan from
personal assets if
business fails
______ ______ ______ ______ ______
Collateral to pay
back loan from
personal assets if
business fails
______ ______ ______ ______ ______
Character (as
perceived in the
community)
______ ______ ______ ______ ______
Commitment (your
personal investment
of time,
energy, and money)
______ ______ ______ ______ ______
Clarity and
completeness of
your business plan
______ ______ ______ ______ ______
Viability of business
concept (e.g.,
moderate risk)
______ ______ ______ ______ ______
Personal experience
in the proposed
business
______ ______ ______ ______ ______
Successful
experience in your
on business
______ ______ ______ ______ ______
!alanced
management team
available
______ ______ ______ ______ ______
Suitability of your
personality to the
pressures and
responsibilities of
the business
______ ______ ______ ______ ______
What can you do to improve the weak areas (where you have rated yourself 1
or 2)?
Adapted from D. A. ray! The Entrepreneurs Complete Self-Assessment Guide
("ancouver# $nternational %elf&'ounsel (ress )td.! 1*+,)! p. 12-.
FYI FOR YOUR INFORMATION
.or more information on o/tainin0 1nancin0 for your new /usiness! you could consult
the followin0 We/ sites#
Industry Canada 2his site contains an e3tensive directory of 'anadian 1nancial
providers! a powerful search en0ine of 1nancial providers! information on di4erent
types of 1nancin0 and 1nancial providers! and tips to help you secure 1nancin0.
(strate0is.ic.0c.ca5epic5internet5insof&sdf.nsf5vwenerated$nter657ome)
Canadian Youth Business Foundation 2his or0ani8ation is a non&pro1t!
private&sector initiative desi0ned to provide mentorin0! /usiness support! and loans to
youn0 'anadian entrepreneurs who are startin0 new /usinesses. (www.cy/f.ca)
Canadian Bankers Association !"all Business Financin# 2his site
provides information on sources and types of small /usiness 1nancin0.
(www.c/a.ca5en5view(u/.asp?9:,;sl:2-;docid:--;p0:1)