The best thing someone can do to assure that they get a business loan is to have a good business. Having a good business means that your current business or idea is a solid one This business should show profits, be on its way to profitability, or at the very least show that getting the funding is what is needed to reach profitability.

You also need to have a solid plan (business plan). This plan should show the history and near (3 year max) future of the business. The plan should show how money will be earned and spent, the talents and experience of the management team, your research on the market, industry competition and other factors that signal you know what you're doing. Sometimes you can get away with a business or loan proposal instead of a full plan, but eventually you will need to draft a business plan anyway.

Lastly, you need to be a matchmaker. That means don't request funds from a source that does not loan money to people/businesses in your situation. Most banks, and other traditional financiers will not lend money to start ups. Venture capitalists or angel investors may lend or invest in start up with huge upside (those with the potential of making millions). For those who are looking for $20K or less need to realize that most often the funds come from personal savings, credit cards, home equity, home equity, specialty organizations and friends and family. Even when pitching to a familiar source such as a parent or friend still have a concrete plan and a binding agreement with details on how and when the funds will be repaid.