Get the business' financial data from the current owner. Lenders will want to see how the business is performing. The owner should be upfront about all financial data, including profits and expenses. Use this data as part of your application package.

Present any changes that you will make to the business. If you will be changing the business from its current form, the bank will want to know this. Show lenders what you plan to do to increase revenue. It helps if you have specialized experience in this.

Double-check your credit score. Lenders will partially base their decision on your credit score. Order a copy of your credit report, and be sure that there are no errors. If your score is not very good, lenders may not give you a loan for an established business. You may need to wait until your score improves.

Put down some of your own money. If you are willing to invest your own money into the business, it shows that you have faith that it will succeed. This can help your chances to secure money for purchasing a business.

Talk to several banks about a commercial loan. By comparing loan offers from many different companies, you'll be able to get the best rates. When comparing offers, be sure to take all costs into consideration, including any potential fees associated with the loan.

Choose the loan with the lowest interest rate. Sign all of the contracts for the loan with the best deal. Once you have done this, the bank will transfer you the money that you need.