Before agreeing a loan, banks will want to see your own financial commitment to the success of you business. You must be prepared to put your money where your mouth is. After all, if you were in the bank manager’s position, you would probably act in the same way they’ll also want some kind of security like you car of house. Therefore, if things go wrong you could find yourself out on the street out on the street. And if business fails, as back. If you are declared bankrupt, it will be difficult to secure any further loans. And finally, on a darker note, once banks have made a decision to get their money back, it’s hard to talk them out of it.