Growing your business means spending money, but if you don’t have tons of cash to invest in your company, that growth can feel like a pipe dream. SBA loans can help give you access to the money you need without forcing you to borrow from friends or turn to large corporate lenders that won’t even look at your application. Though SBA loans are much easier to qualify for, there are things you can do to further improve your chances of getting the money you need. Here are a few tips to keep in mind.

1. Get Your Business Plan Together

You should already have a detailed business plan in place. It’s what helps you plan for the growth of your company and know exactly how you’re going to make it happen. Put that business plan together in a way that lenders will be able to use. Make sure to include a summary of your company and mission statement as well as detailed information about how you’ll use the loan. When you outline everything clearly, lenders will feel more confident giving you the loan in the first place.

2. Shop Around

Different lenders will offer you different interest rates even if you’re only applying for SBA loans. Do yourself a favor and shop around. Get quotes from at least three lenders and see who offers you the most money at the lowest interest rate. You’ll also want to read up on the loan terms to make sure you’re comfortable with the repayment plan and any penalties you may incur should you miss a payment.

3. Be Patient

The loan application process takes a long time. Be prepared to submit everything and wait for a response from the lender. It’s okay if it takes a few weeks to hear back. You can always reach out to the lender to follow up as needed. That said, try to apply for a loan long before you know you’ll need it. This way, you’ll have the money when you’re ready to use it.

4. Get To Know Your Credit Score

Ultimately, lenders still want you to have good credit when you apply for a business loan. Find out what your personal credit score is before you apply. If it’s low, try to boost it before you start speaking with lenders. Pay down any outstanding debts, avoid taking out new loans and pay your bills on time. Once your score goes up, you’ll be able to apply for the loan.

Keep these tips in mind before you start applying for SBA loans and you’ll be on the right track from the beginning.