How to choose the best business loan?

There are plenty of business loans, and each one of them meets different needs, making the choice of the best loan a very confusing task. Before applying for a loan, you should first identify the company's financial needs, like how much and how long do you need to borrow, how quickly do you need the money, and the company's repayment ability; and then you have to compare the interest rates, type of loan(e.g. Instalment or revolving loan), loan term, repayment period, approval time and handling fees of various loans. Moreover, some banks have regular promotions to offer cash rebates and attractive interest rates, don't miss this opportunity if you hope to earn more. Please note that some loans require that the company should be operating and registered in Hong Kong for at least one year and have good loan repayment record.