Skip to Main navigation Skip to Left navigation Skip to Main content Skip to Footer

University of Minnesota Extension
www.extension.umn.edu
612-624-1222

Community > Business Retention & Expansion > BR&E Tools > Question Bank > Question Bank 6

Print Icon Email Icon Share Icon

F. Financing

Instructions

Answer questions as they relate to you. For most answers, check the boxes most applicable to you or fill in the blanks.

    Financing

  1. To meet a current or recent financial need, what type of capital are you considering or did you consider?
  2. Equity capital

    Debt capital

  3. If you plan to use debt capital, which of the following financial institutions do you plan to use or did you use?
  4. (Select six.)

    Commercial bank

    Savings and loan

    Federal loan program (USDA, SBA)

    State Economic Development Loan (DEED, Regional Commission, or Foundation)

    County revolving loan fund

    Other:

  5. When you sought your most recent loan, what types of activities or facilities did (do) you hope to finance.
  6. (Select all that apply.)

    Purchase of land without buildings

    Purchase of land with building(s)

    New building construction

    Building expansion

    Building renovation

    Operating capital

    Inventory

    Machinery or equipment

    Other:

  7. Was your most recent loan application approved?
  8. Yes

    No

    Approval is pending

  9. Which type of financial source provides most of your business credit?
  10. Private bank

    Public institution (federal, state, regional or local governmental agency or organization)

    Non-profit (foundations, etc.)

    Individuals

    Self

    Other:

  11. Have you ever formally negotiated a line of credit with your financial institution?
  12. Yes

    No

  13. What is the maximum percent of your line of credit that you have used at any given time?
  14. Have you had a commercial loan application declined by a financial institution in the past three years?
  15. Yes

    No

    No loans applied for

  16. If yes, what was the primary reason your application was declined?
  17. Please provide information on your firm’s credit experience for the past three (3) years in each of the following categories

  18. Short-term loans (< one year) secured
  19. Able to obtain desired credit

    Able to obtain some credit

    Unable to obtain

    Don't know

    Not applicable

  20. Short-term loans (< one year) unsecured
  21. Able to obtain desired credit

    Able to obtain some credit

    Unable to obtain

    Don't know

    Not applicable

  22. Long-term loans (1-5 years)
  23. Able to obtain desired credit

    Able to obtain some credit

    Unable to obtain

    Don't know

    Not applicable

  24. Long-term loans (> 5 years)
  25. Able to obtain desired credit

    Able to obtain some credit

    Unable to obtain

    Don't know

    Not applicable

  26. Commercial mortgage
  27. Able to obtain desired credit

    Able to obtain some credit

    Unable to obtain

    Don't know

    Not applicable

  28. Home equity loan for business purposes
  29. Able to obtain desired credit

    Able to obtain some credit

    Unable to obtain

    Don't know

    Not applicable

  30. Line of credit
  31. Able to obtain desired credit

    Able to obtain some credit

    Unable to obtain

    Don't know

    Not applicable

  32. Equipment financing or lease
  33. Able to obtain desired credit

    Able to obtain some credit

    Unable to obtain

    Don't know

    Not applicable

    Have you made any of the following changes in the last 3 years?

  34. Changed mix of goods/services
  35. Yes

    No

  36. Added or subtracted product lines
  37. Yes

    No

  38. Entered new markets
  39. Yes

    No

  40. Modernized product technology
  41. Yes

    No

  42. Adopted labor-saving technologies
  43. Yes

    No

  44. Made other capital improvements
  45. Yes

    No

  • © Regents of the University of Minnesota. All rights reserved.
  • The University of Minnesota is an equal opportunity educator and employer. Privacy