How to Get a Business Loan... Even when You Think You Won't Qualify

During this webinar we’ll dive into how you can get a business loan even if you have credit issues, don’t have collateral, or don’t have cash flow.

There are A LOT of available funding options for you and your business… but most of them you won’t find at your bank. During this webinar we’ll look at the financing you can get, where to get it, and how to actually get approved.

You Will discover:

What sources now issue over 98% of all business loans… and how you can get access to that funding.

Funding options that can work for you even if you have bad personal credit, no collateral, no cash flow verification, and even as a startup.

How to make sure you don’t get declined due to being in a “restricted industry” … and how to choose the right entity to reduce your personal liability.

12 items on your loan application that lenders heavily scrutinize… and how to make small tweaks to ensure you get approved.

How to get approved for multiple loans only because you have consistent cash flow… regardless of your business tax returns.

How to get 0% NO DOC business financing… and how you can get approved even as a startup.

The key to getting little-known-about alternative SBA loan options with great rates and long terms… even with average credit.

How to use collateral to get loans and credit lines with rates of 5% or less… and how to qualify even if you don’t have collateral.

How to get business credit for your EIN that’s not linked to your SSN even when you don’t qualify for other business loans… and how to get your HIGH LIMIT accounts quickly.

6 other forms of financing that most don’t even know about… and how to get approved.

During this webinar you’ll discover how to setup your application the right way where you’ll get approved.

And you’ll uncover the exact types of financing you can get regardless of cash flow, credit, or collateral… and the exact steps to get approved.

How to Get Business Credit?

Do you know how to get business credit? It is not hard to get. It does take a little work, but it doesn’t have to be a mysterious process relegated to the top executives of Fortune 500 companies. Anyone can create business credit no matter how big or small their company is.

Who Are You?

Before you can even start to build a credit rating for your company, you have to have the proper building blocks in place. You need to separate yourself from your business by creating an entity. Your business needs to be established as a real “thing”. One of the best ways to do that is to have a separate address for your company. Many businesses will automatically have that, but for those people operating their new company out of the garage, basement or bedroom that’s not possible. However, you can still create an identity by adding a separate, dedicated phone line to your business.

Make sure you are up to speed with any local licenses you need to have, and get an Employer Identification Number (also known as EIN) from the IRS. It is easy to get a number and you can do it all online in a matter of minutes on the IRS website. Get a DUNS number from Dun & Bradstreet. You will need a DUNS number to get business credit and it is the one that all outside creditors will use to report your credit transactions, both good and bad, and will help create a business credit rating.

Making a Plan

Even when you know all about your business it is important to be able to communicate what your business is about and that you understand it well to others. That is exactly what a business plan is made for. A business plan is a detailed overview of who you are and what you bring to the company, what your company is about, and how you plan to meet your goals. Lenders will want to see your business plan when considering your company for funding, especially if you are not using your personal credit to back the loan.

Bank Score

Something many people do not know is that when you have a bank account, usually a checking account, you get a bank score that actually weighs pretty heavily on your ability to get loans in traditional ways. Your business can have its own separate bank score. Open an account in your business name, with its own identification numbers, not yours. Operate all of your daily expenses, making deposits from income, paying your bills and making purchases etc, from that account. Within a few months you can have a very good bank score that will help you get loans and credit cards that allow you to get business credit.