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Find out how to obtain working capital to grow and expand your business. All credit types are eligible for funding. Payroll, rent, supplies, inventory or any business need.
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Financing Programs For Small Business Deciding which financing option is right for you is a critical part of securing your business capital. There are a variety of loan types to suit the needs of business owners, and some of the most common include: ● Business Line of Credit ● Government SBA Loans ● Merchant Cash Advances (all credit types) ● Bank Statement Loans (all credit types, $15,000 monthly revenues min.) ● Term Loans ● Equipment Loans ● Unsecured Business Loans (700+ fico score) ● Working Capital Loans
Small Business Loan Requirements There are several different types of documents you may be required to provide when applying for a small business loan. While they may vary slightly from lender to lender, here are some of the most common items needed. There are several different types of documents you may be required to provide when applying for a small business loan. While they may vary slightly from lender to lender, some of the most common documentation that may be required can include the following: ● Tax returns, both personal and business ● Income statements ● Bank statement copies, both personal and business ● Articles of incorporation ● Commercial leases and landlord contact info ● Personal identification, such as a copy of your driver’s license and copy of insurance policy ● Your Current balance sheet (P & L) As you can see, you’ll have to provide documentation, and gathering everything you need can be time-consuming. Even if you are still deciding on a financing option, it’s a good idea to start collecting these items as soon as possible.
Conversely, if you’re faced with a bit of a time crunch, you may want to consider alternative lenders instead. For borrowers looking for a fast and simple process and access to funds quickly, and credit is an issue, this may be a better fit for your immediate business needs. Depending on the loan size, keep in mind that another small business loan requirement is typically collateral to back your loan. Collateral usually takes the form of equipment, real estate, or inventory, which the lender can keep in case of non-payment of the loan; typically collateral is needed when dealing with a traditional bank. Alternative lenders have non-collateralized options that may suit your needs especially if you do not have collateral available to secure your loan or do not desire to collateralize your loan. For all business funding types, click here >>>>>> http://linktr.ee/funindgsolutions _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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