SECURING A
BUSINESS LOAN
HAS NEVER BEEN
THIS EASY
Meet Loan Consulting Pro:
These days,
you can apply for a
loan from the comfort
of your own home.
TYPES OF
BUSINESS LOANS
TIPS FOR GETTING A
BUSINESS LOAN
A bad credit score is
not the end of the world!
Having a good credit score is important, but that’s not the only thing that matters. You can secure a good business loan even if you have bad credit. When it comes to securing a loan, you may need to opt for a private money lending service if you’ve been rejected by traditional lenders like a bank.
Lenders want to know that you are serious about your business!
Lenders will want to see that you have money invested in your business and success in your past business endeavors. Lenders will also want to see that you have paid back your previous loans in a timely manner.
Lenders need to see
that you are
serious about your
business.
Unless you are seeking new business funding, you are going to need to show that you have been in operation for at least 2 years! If you are seeking new business funding, you will want to show that you have had other successful business ventures.
Assets can be crucial to securing a loan!
Do you have assets that you can pledge for collateral? Many lenders will want some form of collateral in the form of property, savings account or other physical asset. When you have collateral, you will typically be charged lower interest rates and have greater flexibility in your repayment schedule. Having any form of asset based collateral can be a huge advantage in securing a loan.
Consider your desired loan amount.
How much money do you really need? Be sure to be realistic with this number. If you have a good understanding of your businesses finances, calculating this number should be easy. It can be helpful to create a balance sheet, to outline your assets, liabilities and equity.
Consider your desired loan term.
What is your optimal repayment period? Some kinds of loans offer more flexible repayment schedules than others. Some loans are intended to be repaid in a few months, while others can be repaid over a few decades. Be sure to understand the financial reality of your desired loan.
Get on top of your finances!
In order to get the best business loan for your situation, it is crucial to be knowledgeable about the internal finances of your business, specifically regarding your assets, liquidity and growth projections. It is important to have cash flow and a reasonable debt to income ratio to show lenders that you are a good candidate for a loan.
FILL OUT OUR BUSINESS
LOAN APPLICATION NOW!
SECURING A BUSINESS LOAN
HAS NEVER BEEN THIS EASY
TYPES OF BUSINESS LOANS
TIPS FOR GETTING A BUSINESS LOAN
A bad credit score is
not the end of the world!
Having a good credit score is important, but that’s not the only thing that matters. You can secure a good business loan even if you have bad credit. When it comes to securing a loan, you may need to opt for a private money lending service if you’ve been rejected by traditional lenders like a bank.
Lenders want to know that you are serious about your business!
Lenders will want to see that you have money invested in your business and success in your past business endeavors. Lenders will also want to see that you have paid back your previous loans in a timely manner.
Lenders need to see that you are
serious about your business.
Unless you are seeking new business funding, you are going to need to show that you have been in operation for at least 2 years! If you are seeking new business funding, you will want to show that you have had other successful business ventures.
Assets can be crucial to securing a loan!
Do you have assets that you can pledge for collateral? Many lenders will want some form of collateral in the form of property, savings account or other physical asset. When you have collateral, you will typically be charged lower interest rates and have greater flexibility in your repayment schedule. Having any form of asset based collateral can be a huge advantage in securing a loan.
Consider your desired loan amount.
How much money do you really need? Be sure to be realistic with this number. If you have a good understanding of your businesses finances, calculating this number should be easy. It can be helpful to create a balance sheet, to outline your assets, liabilities and equity.
Consider your desired loan term.
What is your optimal repayment period? Some kinds of loans offer more flexible repayment schedules than others. Some loans are intended to be repaid in a few months, while others can be repaid over a few decades. Be sure to understand the financial reality of your desired loan.
Get on top of your finances!
In order to get the best business loan for your situation, it is crucial to be knowledgeable about the internal finances of your business, specifically regarding your assets, liquidity and growth projections. It is important to have cash flow and a reasonable debt to income ratio to show lenders that you are a good candidate for a loan.
FILL OUT OUR BUSINESS LOAN APPLICATION NOW!
Once you’ve figured out which loan best fits your situation, you can start your application online. Be sure to specify which loan you are applying for.
A representative will contact you and help you figure out what you need to do to ensure that you are successful with your loan application.
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We would love to respond to your querues and help you succeed.
Feel free to get in touch with us.