Most new owners will needsome help with a business loan to get going. If they don’t need a business loan to begin, they will surely need to open up lines of credit and other back up finances sooner than later. There will be many times over the history of a small business where expectations are not fulfilled or the unexpected occurs. At that crossroads, the owner will be forced to decide between walking away from the business or staying the course, fixing the issue and getting back on track. Money makes the world go around and you as the owner are dead in the water without back up streams of it when unexpectedly needed.
Most service providers are wonderful with their craft and with their clients but are completely at a loss when it comes to what is needed to succeed in acquiring financing.
Unfortunately, banks and other lending institutions aren’t in the habit of handing out loans based on a good story. I’ve found in my experience that a root canal is generally more fun than dealing with a bank when it comes to commercial funding for a business. It just so happens that funding is usually needed when things aren’t up to speed which is exactly when banks begin to question the long term horizon of your business. However, there is a light at the end of the tunnel. Banks base their decisions on many factors including but not limited to the following items.
The good news is that many of these items can be adjusted or improved so that financing can be completed. We’ve done this many times over our 12 years. Additionally, there are many other lending networks other than traditional banks thatcan be tapped in your case. Our network of professionals has been instrumental in oursuccess and can easily be of help to your dreams as well.