Need to get a business loan but cannot provide business tax returns?
Sometimes Lenders will approve you for a Business loan but then want to get a business tax return before closing. They may not scrutinize the return but will not close the business loan with no tax returns. The Lenders are making sure the business is not delinquent in filing returns.
Example of what to do if you need to get a business loan with no tax returns.
A business applies for a loan and is approved. However, the Lender requires the most recent tax return or 2 years tax returns. If you are a new business, or have filed an extension, your business cannot provide this information.
If your business cannot provide Tax Returns, then:
Before applying, ask if Business Tax Returns will be required. If so, apply for a business loan product that does not require returns. Click on the 15 second app for business loans that do not require a business tax return.
Lenders will not scrutinize the returns even if they require them. They will not review Gross and Net Profit, Business Tax Write Offs and other parts of the return. However, if they ask for a return, you have to provide it.
Business owners are often afraid to provide a return because they show a net loss. What can you do? Apply for programs that do not require business returns. Ask the lender in advance how closely the return will be scrutinized. Many loan programs will just get the return to verify it has been filed.
The request for returns are also part of “closing stipulations”. Other items that are usually required for closing stipulations include a copy of current driver’s license, in addition to a clear copy of voided business check, copy of business license.
Frequently asked questions, requests and also statements.
1. “I need a business loan without tax returns.”
2. “Looking for a business loan with no tax returns.”
3. Need a no tax return business loan.
4. Cannot provide tax return for business loan.
5. I don’t have any tax returns for my business yet.
6. Filed an extension on my tax returns. What do I do?
June 11, 2017. Has your business been declined for Time in Business? If so, you want to find alternative business loan solutions.
We have business loan options for businesses that have been in business as little
as 3 months. Contact us today by using the contact information below.
Many loan programs require businesses to be in business for at least 1 year before financing will even be considered. Some programs require 2 years time in business at a minimum. Traditional Banks require between 2 or 3 years time in business in addition
to Tax Returns and Financial statements. We only require 3 months. Start below. Complete the Secure 15 Second App, or Full App.
Or Call us at Tel: 1-919-771-4177, or Send E-Mail
3 Month Time in business programs
With our 3 Month time in business program your business can get money in as little as two days. Provide the most recent (3) months business checking account statements and a one page application and you can be on your way to funding within 2 business days.
1 Year time in business Program.
To get more funding, another funding program options is our 1 year time in business program.
Frequently asked Questions, FAQ’s, comments and requests:
– I was declined for Time in Business being too short. I need help.
We can help put you into a program that turns a decline into an approval and also fund your business within 2 days.
– How can I find out how long I have been in business? What do you look at for time in business?
The time in business is how long your business has been listed with the Secretary of State in your State. As a result, check your Secretary of State business listing in order to find your time in business.
– I have been in business longer than the lender says. How can I prove my time in business?
Prove your time in business through one of several ways. Your Articles of Incorporation as well as your business license prove time in business. Another accepted proof of time in business is also business bank statements.
– What is TIB?
TIB stands for time in business.
Thank you for visiting our Time in Business resource page. Questions and answers will be added as customers call in.
June 11, 2017. For immediate Release – Businesses want money for many reasons. This post will look at the 10 most common reasons businesses want a business loan and some of the best programs for them. If your business needs a loan for any reason, complete the application information below. Complete the Secure 15 Second App, or Full App.
Or Call us at Tel: 1-919-771-4177, or Send E-Mail
10 Most common reasons businesses want a business loan
1) My business is running out of money.
Very often, businesses do not need money for a specific reason. They just are running out of cash. Seasonal businesses often have this problem. Sometimes revenues do not meet business expectations while expenses remained fixed. The business may have run into problems and needs money to correct or resolve the problem.
2) I need a business loan for expansion.
One of the top reasons businesses need a business loan is for expansion. There are many reasons for expansion. In most cases, a successful business wants to take advantage of business opportunities but needs more money to do it.
3) I need a business loan for Inventory and raw materials.
Businesses call in and make the request, “I need a business loan for inventory”,
as well as, “I need a business loan for supplies”.
4) I need a business loan to hire Employees.
Another reason businesses often need capital is for the initial expense of hiring employees. This often includes the cost of expanding the workspace, buying furniture and also the cost of recruiting, interviewing and adding employees to the employee rolls.
5) I need a business loan for taxes.
Customers frequently make the request, “I need a loan to pay business taxes”.
Many businesses need a loan to pay taxes. This is often
for current taxes, previous taxes as well as IRS payment agreements.
Next 5 most common reasons businesses want a business loan
6) I need money for Equipment, Equipment Repairs or Vehicles.
Businesses often call in with the request, “I need a business loan for
equipment”, as well as “I need a business loan for equipment repairs”. This would
be considered a loan against equipment.
7) I need a business loan for Marketing and Advertising.
Companies frequently need a business loan for Adverting and Marketing. Advertising is more critical for certain industries than others. Industries that need advertising, such as media companies, retail and online businesses have to spend significant funds on
8) I need a business loan to buyout my Partner.
Businesses will often request a business loan to buy out another partner. Multiple owners are no longer able to get along well enough to continue running the business together. Callers will call in saying: “I need a business loan to buyout a partner owner.”
9) I need a business loan to buy my Building and Real Estate.
When businesses become larger, they not not want to keep leasing space. Landlords may also suddenly raise the rent. Callers most frequent requests are: “I need a business loan to buy a building and property”, or “I need a business loan to buy my building.” For this
purpose, callers say they need an asset based loan.
10) I need a business loan for insurance.
Businesses may need to pay for several types of business insurance.
Liability insurance, employee insurance and property insurance are some of the types of insurance businesses must by. Callers will also call in and say: “I need a loan for business insurance”, as well as “I need a loan for business health insurance.”
Thank you for visiting our list of the 10 most common reasons businesses want a business loan.
June 11, 2017. Business loan requests are sometimes for unusual reasons. We will review 10 uncommon reasons for needing a business loan. If your business needs funding for any uncommon reason, contact us. Complete the Online Application. Contact us at the number below. Complete the Secure 15 Second App, or Full App.
Or Call us at Tel: 1-919-771-4177, or Send E-Mail
10 Uncommon reasons for needing a business loan:
Natural Disasters, floods, fires
Losses due to natural disasters are probably the most expensive for businesses. Businesses need money after being hit by a natural disaster. This can be Tornadoes, hurricanes, floods, fires, drought, wildfire, hail, blizzards, oil spills and extreme winters. Businesses may need working capital to cover the cash shortfall because of disasters like these. FEMA helps many business owners, yet is either too slow for some businesses or cannot help at all.
My business is being sued.
If a business is being sued, it may need money to hire an Attorney and go through the litigation process. Expenses can be $10,000 and as much as hundreds of thousands of dollars. There are different types of lawsuits that a business may be sued for that they need funds to defend.
Other types of lawsuits businesses face:
A) Being sued for Malpractice.
Businesses in the Healthcare field are usually the primary targets of malpractice lawsuits they need money for. Other industries sued for Malpractice include Accountants, Consultants, Construction Companies, Retail Businesses and businesses that need a professional license. A business may need a loan or money to pay for Malpractice or a Malpractice lawsuit.
B) Business being sued for not fulfilling contract
Businesses are sometimes sued if their contract is not completed correctly. This happens in the Construction industry, and many other industries also. Many companies need money or a business loan to fulfill a Contract.
C) Business being sued for Copyright infringement
Businesses can be sued for many types of alleged copyright violations. Copyright lawsuits happen often in the music and entertainment industry. Trademark disputes, intellectual property lawsuits and others are the basis of suits. Businesses need money or a business loan for Copyright infringement lawsuits.
Need money to relocate business
Business relocation requires significant funding. The bigger the business, the more relocation will cost. Relocating is a big expense for any business. Many businesses need money or a business loan to relocate.
Partner Buyouts or Owner Buyouts.
Businesses often have more than one owner. Sometimes multiple owners do not get along and one or more Partners want to leave. Because of this, a buyout of the Partner or buyout of an owner may be needed. A business owner may need money or a business loan to buyout another partner as a result.
We need a business loan to meet new City, State or Federal regulations.
City, State and Federal Regulations change over time. Businesses sometimes have considerable cost to comply with regulations. A company may need a business loan to meet new regulations.
The last 5 of 10 uncommon reasons for needing a business loan below:
Need a business loan for training and licensing requirements.
Business may have to provide training to all of their employees or meet new licensing requirements. A business loan will probably also be needed for updated licensing and training. City and State offices also have information on licensing and training requirements.
Theft causes sudden losses. Companies need a business loan to recover from customer theft, employee theft, shrinkage, and also loss of inventory. A business loan and also a line of credit covers businesses from lost cash flow.
Major Accounting Errors
Businesses have cash flow problems because of mistakes made by Accountants as well as Bookkeepers.
Math errors are probably less frequent mistakes. Accountants also incorrectly take deductions and file the wrong type of Return. They may not tell the business owner to increase their estimated quarterly payments either. These errors cause a higher tax liability. The business then needs to get a business loan to pay more taxes because of Accounting Errors. Your Accountant can provide Quarterly reviews to avoid cash flow hardships.
City Infrastructure Repairs.
Cities, Counties and States do extensive street and road repairs. This also includes Sewer work, pipes and cement work. States make Bridge and Highway repairs that also affect traffic exits and main roads. Retail stores are also affected by these County or State Road repairs. Retail stores located on a main road with major construction work are also devastated. Businesses therefore need a business loan to also makeup for a loss of Sales and lower cash flow.
Need a business loan to hire overseas technical workers.
Industries cannot find all of the workers they need domestically, so as a result, they must also hire workers from other countries. Technical fields are another industry that also has difficulty hiring skilled workers. Hiring workers from overseas is a big expense. Therefore, companies may need a business loan to pay for the cost of hiring overseas workers.
Thank you for visiting this resource. Visit 10 uncommon reasons for needing a business loan in the future for especially relevant information on unique loan requests. Contact us for your business loan needs.
June 11, 2017. For immediate release – Small business loans for businesses in Canada. Canadian Business bank statement loans and Accounts receivables financing are offered. Several alternative Canadian small business loans most businesses can qualify for Complete the Secure 15 Second App, or Full App.
Or Call us at Tel: 1-919-771-4177, or Send E-Mail
What type of alternative business loans can I get in Canada?
Canadian companies can find alternative working capital loans available in the United States.
The main option is a Canadian business bank statement loan.
The company’s business cash flow is how they can qualify. The business needs to have the following:
– $15,000 per Month in deposits each of the last 3 months.
– 5 or more deposits per month.
– An average daily balance of $2,500 or more.
How do I qualify for a business loan in Canada?
Review the alternative business loans for businesses in Canada on this page. Decide which option you may qualify for. Complete the Online application above or call and talk to a representative and discuss which loan option might be best for your business.
Canadian Accounts Receivables financing
After a Company’s products have been delivered or services rendered to another company, they send an invoice for payment. Canadian Accounts Receivables financing funds about 75% of the face value of the invoice is paid immediately to the company issuing the Invoice. When the paying company pays the invoice, the last 25% is paid minus a service fee.
Most frequently asked questions and requests
– “I need a Canadian business loan”, or “looking for a Canadian business loan”. Some email requests include a “loan for a Canadian business”.
Alternative loans for Canadian Companies give companies ways to correct cash flow issues. Lenders call them “business loans in Canada”, or “business loans for companies in Canada”.
Thank you for visiting our Canadian Small Business Loans page.
Visit SCORE and receive free and low cost mentoring for business plans and financial statements.
June 11, 2017. Bank statement business loans for your business. – No minimum credit score options for many programs.
– No Collateral needed. Complete the Secure 15 Second App, or Full App.
Or Call us at Tel: 1-919-771-4177, or Send E-Mail
Get a bank statement business loan today using your company revenues. Many businesses have strong cash flow and are still turned down because of bad credit and lack of collateral.
Turn your decline into an approval with our programs. Get approved for the Capital your business needs using just the last 3 months business bank statements and online application above.
Bank Statement Business Loan features and benefits:
– 1 day approvals common. Easy approval. Fast closing.
– Provide just the Online Application and last 3 months business checking account statements. – Every business has Cash flow. Almost all businesses can prequalify based on their Cash Flow.
– Very high approval rate.
– Large business loans also available. Programs for business loans over $100,000, 250,000 and $500,000.
– Daily, weekly and monthly repayment options available for many businesses.
Other bank statement business loan features:
Up to 125% of a customer’s total monthly deposits may be approved. If your business has average monthly deposits of $100,000, then an approval up to $125,000 is possible. Higher credit scores, a longer time in business and higher daily balances will usually result in a higher approval amount.
How to qualify
– Provide a Signed and dated application online.
– Send the last 3 months complete business bank statements from the main business account. Return September 2016, October 2016 and November 2016 business bank statements along with the application.
– For amounts over $250,000, include the most recent 6 months business bank statements and the most recent business tax return.
Other bank statement business loan benefits
– No prepayment penalty for some programs.
– Tax Liens < $100,000 may be accepted.
– Most programs require only 50% ownership required.
– Soft Credit pull for some programs.
Business line of credit style use. The business can use the line and repay when they want to repay during the month. The customer can then use the line again right away or it can also be left idle until it is needed again. Annual or quarterly financial statements are not needed for bank statement financing, also known as an ACH Business loan.
Frequently asked Bank Statement Business Loans Questions:
Question:Are there different products of the same type offered?
Answer: Yes, different products of the same type are offered. Callers have many requests. Requests include a “business loan using bank statements”, a “bank statement loan for business”, and “bank statement financing”. Callers also request a “business bank statement loan” and a “loan based on bank statements”.
Question: What is the maximum we can get? Answer: The bank statement business loan line size depends on the total dollar amount of deposits per month, the average daily balance and time in business. Other factors are whether the business has any existing short term advances.
Is this product available in Canada and the U.S.? Answer: Yes. This product is available in Canada as well as Puerto Rico.
How long does funding take under the bank statement business loan program?
Approvals usually take about 24 hours. Funds are transferred to your business checking account within 24 hours of closing.
What are the repayment terms?
The repayment terms are between 3 Months to 24 months.
Are Overdrafts and NSF’s allowed? Yes, A Maximum of 5 Overdrafts per month, or 5 NSF’s per Month are allowed.
Thank you for visiting our bank statement business Loans resource page!
For further general small business assistance, visit SCORE, Counselors to
America’s Small Business.
June 23, 2017. The following is a list of 10 problems you may be causing your business. They may not include other major problems businesses face. This list touches on some long standing problems businesses face in addition to advances in Technology.
Not understanding your customers well enough
You have a great product and service. Just pass the information to an audience waiting to hear it. Not quite. You need to understanding your customer’s problems, goals, and priorities. What do they think they need for their business to prosper quickly? What do they see as their biggest needs and problems? Understand this and you will do well with customers. Your customers will feel your business has the skill and competence to solve their issues.
Make your customers feel like they are the most important ones in the world. Complete the Secure 15 Second App, or Full App.
Or Call us at Tel: 1-919-771-4177, or Send E-Mail
Not Selling Effectively
Not selling effectively is a consequence not understanding your customer’s needs properly. If your business does not have a correct and full understanding of your customer’s problems and needs, your customers will not be very interested in your products or services. Continue to improve your sales skills and learn how to sell effectively. Find resources to help your company continue to improve sales skills.
Not doing proper follow up is a major mistake in business. Your business must have a system in place for the correct people to do follows up with new and existing customers. If you have new prospects and did not close business with them on the initial call, you want to follow up with them. Many businesses effectively use an E-Mail marketing systems. These may be most effective with existing customers. Simple followup with new prospects is often is one of the most effective ways to get new customers.
Not keeping up with Technology
Many business owners don’t keep up with technology well enough. Some keep up with some aspects of trends but there many technology advances and updates that business owners miss. Subscribe to technology groups, websites and magazines. Get important updates through E-Mail or on your phone. These can help your company with technology, Marketing, Sales, Manufacturing, Accounting and other updates.
Many business owners reject most, or all criticism. There are several reasons embracing some criticism is helpful. You don’t have to agree or accept all the criticism or feedback you receive. Much of it is unfounded and may come from friends or acquaintances that don’t know enough about your business. However, sometimes it may have validity and be things you haven’t thought about. Keep an open mind and you may hear important ideas of how to improve your business.
On to the last 5 of 10 Problems you may be causing your business.
Check out your competition
Many business owners do not keep track of their competition. Your way is not the only and best way to run your type of business. There are important things you should know. Have new companies recently entered your industry? Are your competitors offering something good you are not offering? If you are a retail business, have you checked to see if new stores have opened in your market that sell what you are selling? These are some of the questions you may really want to know the answers to.
Check frequently to see if new products or services have entered the market that you don’t know about. If new products or services are being offered by competitors that you don’t have, don’t panic. Knowing about it sooner rather than later usually gives your business enough time to develop a plan and react to the changes. If you keep track of industry trends, you may be aware of products in your industry in time for you to be among the first to offer them.
Managing Expenses Closely
Manage business expenses from the highest expenses first, in priority to the lower expenses. Not managing expenses closely enough is often a major factor in business cash flow problems. An analysis quickly identifies business expenses that are too high or not needed.
Taking on too much debt to start
Many business owners take on a lot of debt to start a business. The problem can be made worse by using several credit cards to get capital. Many businesses need several months or longer to begin generating major revenue. Making Profit & Loss projections before opening the business can pinpoint a risk of cash flow problems before they happen. Working with an Accountant before opening can help identify cash flow weaknesses. Another good option is to visit a local SCORE office for business advice. This is the Senior Core of Retired Executives. They can provide excellent advice. Many cities and colleges have a Small Business Development Center that can provide assistance.
No new ideas
Good ideas may come from other businesses. The best ideas come from within. Focus on what new paths your business can create. Try to think of business products, services, techniques, sales, marketing methods you have not thought of before.
Find out what your customers think about your businesses’ products, service and staff. Customers many times are more honest when they are not speaking with you face to face or on the phone. This is true if they were relatively satisfied with your services but had some things they would have preferred to be handled differently.
Customer surveys and after service calls are a good way to find out more about what your customers really think. Offer a discount off future service for giving significant feedback and your feedback should increase.
Technology improvements and putting into action some of the long standing business service improvements mentioned above may be the most powerful way to accelerate your business’ path to success. Follow the tips above and cut down dramatically on these 10 Problems you may be causing your business. SCORE is an another excellent resource for identifying and fixing small business problems.
Thank you for visiting our page on 10 Problems you may be causing your business – and how to fix them!
Is your business having severe problems and is going out of business? Below are the Top Reasons for going out of business followed by the complete list.
You can take fast, easy, and efficient steps to avoid going out of business. This may include securing working capital to bridge the difficult period. We have numerous options for all business situations. Complete the Secure > ONLINE DOCUSIGN APPLICATION . Attach the last 3 months bank statements. Or call us at Tel: 919-771-4177, or Send E-mail
Top Reasons for going out of business
1. Running out of Money. Running out of money is probably the main reason for going out of business. There are different circumstances under which businesses run out of money. The business is going through a slow period. Revenues have been low since the business opened.
3. Too much debt and overhead. The owners or the business itself may have too much debt and overhead to deal with. They can’t handle it and go out of business.
4. Insufficient starting capital. Many businesses never really had enough capital to start. Often there are problems after opening. This is followed by the business not having enough capital to overcome them.
5. Unable to get financing or enough financing. Many businesses need working capital or other types of business financing after starting. Some of these needs are critical. If they cannot get the financing needed for equipment or short term working capital, the business may not survive.
6. Not enough back up capital or emergency capital. Business owners have liquid assets and net worth. If the business needs more working capital than
7. Bad Employees. This is usually employees that are bad performers with low quality work and low production. Some employees are out sick on leave a lot.
8. Bad Marketing and Sales. Some businesses have owners with expertise in certain areas. They may have technical but not sales and customer service. These other areas can be crucial to the survival of the business.
9. Inflexible ownership. This is resistance to change or new ideas. Many business owners have aggressive take charge personalities. This is often what drives them to accomplishing starting a business. It can hurt some business owners significantly. Many business owners are not open to new ideas or alternatives different than the ones they believe in. They are often very resistant to criticism.
10. Market changes. Businesses need to keep up with what is happening in their industry and stay up. Some businesses show poor awareness to market trends and changes.
11. Not keeping track of competition. Businesses that do not keep track of what the competition is doing may be left behind. Competitors may introduce new products, programs and incentives.
May 6, 2017. Businesses are declined for business loans for many reasons. Below are the top 6 business loan decline reasons. Your business can do several easy things to prevent many of these declines. Use the following list to increase your chances of getting approved for a business loan by avoiding the decline reasons listed.
Contact us below to be guided to get your business loan approved, not declined. Complete the Secure > ONLINE DOCUSIGN APPLICATION . Attach the last 3 months bank statements. Or call us at Tel: 919-771-4177, or Send E-mail
Don’t let your business get turned down for any of these top 6 business loan decline reasons.
Top 6 business loan decline reasons
1. Personal Credit. Poor, damaged, or delinquent personal credit of the owner is
the main reason for being turned down for a business loan. Most businesses are less than 35 employees and the personal credit of the owner is usually part of the credit review. If the personal credit score of the owner is low, there are some steps that might be taken to minimize the impact.
Short term Solutions: A. Spend time researching different business loan products before applying. Try to apply for business loan products that have less scrutiny of the owner’s personal credit. If possible talk to the lender first. Find out how much of an impact personal credit has on their business loan product. B. If there are multiple owners of a business and one owner has better credit, the owner with the better credit should be the first applicant. If the owner with the better credit is over 50% owner, the application may be approved without the other owner. This may prevent a decline for weak credit. The 2nd owner may not even be required. Longer term solutions: A. Get a copy of your personal credit report. Look for errors. If there are errors, you can dispute them with the credit bureau. If they are removed, your credit score will go up. If there is derogatory credit, look at how old it is. If it is close to 7 years old, it may be on the verge of dropping off your report. You will then know your credit score will go up once it drops off. Limited credit may also be an issue. If you have limited credit, this may be a time to consider what accounts you can add to your credit bureau.
2. Derogatory Business Credit. Businesses can have derogatory business credit. This derogatory business credit may appear on a business credit report. Examples are State Tax liens, Federal Tax Liens, Suits and Judgements, Past Due Accounts and Collections.
A. Get a copy of your business credit report through Dun & Bradstreet or Experian Business credit report in advance of applying for a business loan. If there is incorrect information, the process of correcting it is similar to the process of correcting incorrect credit reported on your personal credit. Contact the business credit agencies and dispute the incorrect information. If the business credit agency cannot verify the derogatory credit, it may be removed from your file.
3.Insufficient Cash Flow. This is sometimes also referred to as negative cash flow or unacceptable cash flow. Businesses are often declined for a business loan due to insufficient cash flow. The official decline reason varies, though the basic reason is the same. The lender believes that the business does not have enough cash flow to handle the new debt. If the lender is reviewing a P & L, Profit and Loss statement and it is showing a negative net income, that may a decline reason trigger. If the business has How to avoid this decline reason: A. If your business is declined for this reason, contact the lender to discuss it. There may be alternative solutions. Your business might be approved for a lower amount. This can include a starter line. A starter line line is usually a small line that the lender offers just to get the relationship stated. Lenders sometimes do this with borderline decline instances. They want to take a small risk hoping that the borrower will develop into a good long term customer.
Weak financial statements. For many types of business loans, financial statements are still required. This is more often the case when the terms are very favorable. If a companies financial statements are weak and show a low net income, decreasing revenues, or other weaknesses, it can easily cause a decline.
How to avoid this decline reason:
4. Collateral. Some loan products are asset based. In these cases, the Collateral must be satisfactory or the business loan will be declined. This is the case for Real Estate backed loans, Accounts receivables financing, or Equipment Loans. Even if the customer has excellent credit and time in business, if the assets do not have enough value or other conditions are not here, they may be declined.
5. Time in Business. The time in business requirement varies from one business loan product to another. For some lenders 2 years or more time in business may be required. Ask the lender if there is a time in business requirement. If there is, ask if it a hard and fast rule. For some lenders, if the applicant has other strengths in their profile, it may override the time in business requirement and be approved.
6. Industry. Some lenders will decline a business just for being in a certain industry. This is often referred to as a restricted industry. Often business do now know when applying the lender won’t even loan to their industry. This is an easy decline to avoid. Put this in the list of questions to ask a lender before applying. Do you lend to my type of business? Sometimes lenders have preferred industries that they lend to. Some lenders have industries that the do not considered favored industries. They may consider your industry as challenged or place it in a more difficult to loan to internal category. Ask the lender: Is my industry a preferred industry you lend to? Not all of these 6 top business loan decline reasons have to be corrected. Some cannot be corrected. The steps that should be taken are on a case by case basis. Every company has different hurdles to being approved for a business loan.
Using some of the tips above and your business can overcome many of these top 6 business loan decline reasons and get critical business capital.
Should you worry about any more decline reasons? What are other steps you can take? There are others to consider besides these top 6 business loan decline reasons. Others include declines for key financial ratios such as debt to income and declining revenues. In some cases, the business is approved but not with the terms the business wants to accept . These reasons are less frequent. They can be acted on differently. Additional action steps in addition to the top 6 business loan decline reasons.
Thank you for visiting this page on overcoming the top 6 business loan decline reasons.
May 20, 2017 – Not getting straightforward information when applying for a business loan? Business owners are often told they are approved only to find out they are not. They are surprised they must pay significant fees at closing they were not told about upfront. Get ethical business loans through credible, honest and upfront information.
Contact us and our representatives will work with you as your business advocate, not a salesperson trying to sell you a product. Get full and thorough information from representatives with integrity to put you on the path that is best for your business, not best for their business. Complete the Secure > ONLINE DOCUSIGN APPLICATION . Attach the last 3 months bank statements. Or call us at Tel: 919-771-4177, or E-Mail: firstname.lastname@example.org
You will be given a fair assessment of your businesses’ chances for approval, the cost and charges. The strengths of your profile will be discussed, along with any weakness or obstacles to approval. You will be receive help in the same manner if you hired a paid consulting company that is working for you, not someone else.
Loan programs include:
– Business Loans based on the Gross Sales of your business
– Business Lines of Credit
– Asset based loans, such as loans against Tractor Trailers, Construction equipment
and Accounts Receivables.
– Financing to obtain equipment
– We specialize in difficult to approve customers. Difficult to approved business loans
because of credit, time in business, low revenues.
Get a free full consulting session with your business advocate.
Our consultants work much differently than tell you which products are available and push you to apply. We will discuss what your situation is and what are you trying to accomplish. We will ask you basic facts about your business to determine all the realistic and attainable options. By doing this, you will only be talking about products that are the best match for your business. Then we will discuss their features and benefits. You can then decide which of the options will work best for your business. You will not be pushed into any product. With this method, you can get a business loan through a legitimate and impartial manner. An authentic, true, reliable and objective assessment will be made. An ethical business loan is what your business deserves.
You will get clear information upfront. You will get detailed information and what you are told and expecting. We build trust and trustworthiness by working as your business advocate. Get an honest business loan for your business.
For other broad loan options and business assistance, check with the SBA. Useful business information such as business plans and specialized programs is available.
Start your business on the right track today. Thank you for visiting our ethical business loan page.
Ethical business loan resources:
Assistance is available in many cities to help you with your business based on the Region you are in.