Businesses and markets go in cycles. In tough economic times, people lose their jobs, spending decreases and businesses start slowing down. All of a sudden, banks find it a little more risky to lend, and those who want a loan find it harder to get approved. Fortunately, banks don't stop lending altogether, and there are some steps potential borrowers can take to increase the chances of getting a loan. There is one disclaimer: most of the banks' interests are aligned with yours. If a bank think it's too risky to provide you with a loan, then it is probably not a good idea for you to get one. With that out of the way let's get into it.
