Tips for securing a small business loan in 2012

According to the Thomson Reuters/PayNet Small Business Lending Index, small businesses are getting better at managing their debt, which is a contributing factor to 2012's more positive lending outlook.

Entrepreneurs can increase their chances of getting a loan for their companies by following several simple rules of thumb, according to business consultant Barry Moltz, writing for Crain's Chicago Business.

An approach that seems counterintuitive is to borrow money when the business doesn't need to. However, Moltz explains that this is a good way to establish a solid credit history that could be helpful in securing capital down the line.

Proving you can consistently meet profit and loss projections is another thing that will work in your favor. Part of this comes from understanding your balance sheet, cash flow figures and other statements. Displaying a good working knowledge of your company's statements could set you apart from other loan-seekers, as finances aren't a strong point for many entrepreneurs.

According to the Miami Herald, lender fatigue - signs that a business' ability to borrow capital may be compromised - is rife, prompting banks to reevaluate their lending relationships.