Obtaining financing can sometimes be the most grueling part of starting a new business. The loan approval process for an unsecured business start up loan sometimes seems like a maze, with stringent credit requirements, complicated business plans, and paperwork full of terms that are like a foreign language to the layman prospective business owner simply trying to get a loan.
Options can be rather slim and unfitting when it comes to financing for the new business owner; unrealistic collateral requirements and proof of projected business profitability can sometime seem more like a joke than a reality.
Collateral is often the biggest obstacle to the prospective business owner. Not only does a new business not yet have any commercial collateral to provide; but it is asking a lot for an entrapaneur to put his hard earned personal assets at risk in order to start a new business venture. Yet, without collateral, getting a business financing can sometimes seem impossible.
The good news is, though rare, some companies to have specialized programs for exactly this scenario. An unsecured business start up loan can get a new business owner the funding he needs to cover initial business costs, without having to provide collateral and place his or her assets risk. With this type of financing plan, the lender utilizes something the borrower has worked hard for and should be able to take advantage of - his good credit. With this approach, the lender can still an unsecured business start up loan at great rates and with a variety of programs.
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Friday, March 11, 2022
Friday, March 5, 2021
Business Credit Building - Your Business Should Be Operating As A Stand Alone Entity!
One of the main reasons a legal business entity is established is to separate the liability of the business from the individual. This same concept should expand into funding, however the majority of business owners are still using themselves as the personal guarantor to secure funds. Why is this?
The only conclusion that we can draw is that there is simply a lack of knowledge on the proper steps to take. This is where our Business Credit & Funding can help. We provide software that will walk you through the process step by step so that you can qualify for what you need without having to attach your personal credit. We are also willing to place orders with the desired vendors and do all the work for you.
The process is the same for every business regardless of the owner’s personal credit or the length of time in business. Older businesses will only have an advantage after they have completed the process of establishing their business as a stand alone entity. Once your company qualifies as a stand alone then all other types of financing becoming available with having to insert your social security number on the application.
Imagine having vehicles solely in the companies name. Imagine having property solely in the businesses name. The opportunities are limitless as long as your business is creating results.
Before these options also comes immediate funds. Within 4 months, if the steps are followed, your business will have around $50,000 available. That amount will continue to increase as more and more offers are sent your way.
You are getting money in short order and keeping to your roots of separating your personal liability from the business. Not to mention you are also increasing the value of your company overnight. Selling your business is always or should always be a potential exit strategy. Would you rather buy a business with established credit or one without? It can be as simple as that.
Get a Free Business Credit & Loan Consultation. We Simplify Building Business Credit So You Can Get Capital With Confidence! Speak with a Qualified Business Credit Advisor to discover your quickest & optimal path to build substantial business credit! - Get Started! Click Here!
The only conclusion that we can draw is that there is simply a lack of knowledge on the proper steps to take. This is where our Business Credit & Funding can help. We provide software that will walk you through the process step by step so that you can qualify for what you need without having to attach your personal credit. We are also willing to place orders with the desired vendors and do all the work for you.
The process is the same for every business regardless of the owner’s personal credit or the length of time in business. Older businesses will only have an advantage after they have completed the process of establishing their business as a stand alone entity. Once your company qualifies as a stand alone then all other types of financing becoming available with having to insert your social security number on the application.
Imagine having vehicles solely in the companies name. Imagine having property solely in the businesses name. The opportunities are limitless as long as your business is creating results.
Before these options also comes immediate funds. Within 4 months, if the steps are followed, your business will have around $50,000 available. That amount will continue to increase as more and more offers are sent your way.
You are getting money in short order and keeping to your roots of separating your personal liability from the business. Not to mention you are also increasing the value of your company overnight. Selling your business is always or should always be a potential exit strategy. Would you rather buy a business with established credit or one without? It can be as simple as that.
Get a Free Business Credit & Loan Consultation. We Simplify Building Business Credit So You Can Get Capital With Confidence! Speak with a Qualified Business Credit Advisor to discover your quickest & optimal path to build substantial business credit! - Get Started! Click Here!
Sunday, January 3, 2021
Do Tradelines Really Work? - Credit Countdown By Tradeline Supply With C...
Tradeline Supply Company lets you temporarily rent a credit account, such as a credit card, as a way of temporarily adding years to your credit history. This can help someone with a low credit score get the credit they need to take out a loan or qualify for a mortgage. Get Started! - Click Here!
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