How to prove your business address and business location

Definition of business location.  What is proof of business address?

Proof of business location are documents provided that prove the physical address of a business.   What can a business owner show as  proof of business location or proof of business address?   Learn which documents you can use to prove to prove the business address or business location, and how to get them.
Common problem:  I can’t prove my business address or business location.  Contact us or apply below today.   We are experts and can easily show you how to prove business address and business location.   You will learn what the easiest and fastest way is to show proof of business location for your business.
Examples of proof of business location and proof of business address.

A business owner applies for a small business loan and is approved.
Closing requirements almost always require the owner to provide documentation of proof of the address of the business, or location of the business.  There are several options in showing proof of business address.

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The business owner can submit any of the following because almost all are accepted.

  1. Business rental lease agreement, or a copy of the business rental lease agreement.
  2. Mortgage statement showing the business address.   If the business purchased the real estate through a commercial real estate loan, then a current mortgage statement can be provided.
  3. A current business license if the business address has stayed the same since
    the business was established and the original business license was obtained. An option a  sole proprietor can provide is a business license or a schedule C.
  4. Articles of Incorporation or a partnership agreement that has the same address on it.
  5. The most recent business tax return if the address is the same as the address of the business loan application and approval.

How to prove your business address and business location

Step 1: When making any request or application in the name of your business, review in advance what may be required to prove your business location or business address.

Step 2: Tip: Gather information you have on your business location and business address in advance.  Have the items available or make a list to discuss.

Step 3: Do business with companies that will accept the proof of business address that you have, or can get.

Do business with companies that accept the proof of business address you can provide
Narrow down your list of businesses you will do business with to the ones that accept the proof of business location that you can provide.

Step 4: Make contact with funding programs and confirm your business address information will be enough.

Make contact with funding programs and confirm your business address information with be enough.
Try to confirm ahead of time that the business address information will be satisfactory.

Step 5: Submit a request or application.

Submit a request or application.
When satisfied you will meet the requirements, apply.

Step 6: If you receive an offer, first review the terms including the items required to prove the location and address of your business. If ready to complete an offer, submit the required items. Get final questions answered before closing. Finalize the transaction.

If you do not have, or cannot provide the types of documentation for proof of business location or business address,   contact us below.   We can guide you, and give you tips on how you can get proof of your business location.

You don’t have any proof of business location and don’t know what to do and how to get it?

Sometimes business owners cannot prove the address of a business that is required to close a business loan.
How to prove business location.  Are there other ways?  What is the lender asking for?  There are other options in addition to the ones listed above.
If you cannot prove your business address now, review your options and fixes below:

How you can fix the following problem:   “I can’t prove my business address and business location.”

  1. Get an updated business license. Your city or county can reprint or resend a copy of your business license that shows the updated business address.  If the city or county shows a previous and outdated business address, then provide the current address before requesting a reprint of the business license.
  2. Review the address at the secretary of state to see the current business address and business location listed.  If the current business address is wrong, contact the secretary of state and update the articles of incorporation to update and list your current address.

Remember:  Evidence of your business address and business location is often required for small business loans.  The person applying in the name of the company has to be able to prove where the business is located.   This prevents mail correspondences from going to the wrong address and also helps prevent owners from making changes without the knowledge of the other owners.

F.A.Q., Frequently asked Questions:

The following are frequent requests and statements:

Question: How can I prove my business address?   I don’t have proof of my business location and cannot provide it.   What can I do?

Answer: Find and provide either a copy of the business lease, rental agreement, business utility bill, mortgage statement, business license or articles of incorporation.

Question: I’m having trouble getting proof of my business location. The lender will not accept my website as proof of business location. What should I do now?

Answer: If you are close to an approval, ask the lender for all the options they will accept to provide the location of your business. The lender may accept more for proof of business address than what they are saying.   If you are still having trouble, contact us. We can provide information on you will need to get what are want – “Proof of my business location” and “proof of my business address”.  You can apply with us for a small business loan.  We have the expertise to best solve this problem.
Examples of what generally will not work for proof of address:
  1. Virtual office address
  2. P.O. Box: post office box
  3. Address to a vacant lot
  4. Raw land
  5. Address to a physical location that does not have a building or structure on it
  6. An out of state address.   This happens when the business is located in one state but a business address to a different location or another location in another state is provided.
  7. When the business address is in one state and the owners home address is in another state.   This is referred to as an absentee owner or out of state owner.

There are exceptions to some out of state owner situations.     If the business address is on the border of one state and the owner lives within a reasonable distance in a neighboring state.    A business owner that lives less than 50 miles from their business is usually acceptable.  Examples are a business that is listed in Kansas City, KS, and the owner lives in Missouri.    Other examples are a business in Chicago, IL, and the owner’s home address is in northwest Indiana, less than 50 miles away.

How to get a very low fico credit score business loan

Get a very low credit score business loan.

Business loans with very low credit scores.   Credit scores below 500 and as low as 383 are considered for a small business loan.  This low fico credit score business loan program is a good match for below 500 and sub 500 credit bureau fico scores for small business loans.

Many programs do not offer small business loans with the owner’s credit score below 500, or have limited offers.    Get up to $150,000 in business funding with credit bureau and fico scores below 400 and down to 383.   Business funding is based mostly on the revenue of the business, not the credit score.

Contact us below or first read the “Howto” section steps, direction and tips to getting low fico credit score business loan and also other business financing and then apply below.   so call us. We will be happy to discuss your situation first.  Almost all callers will find out if they have a strong chance for approval after calling in.

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How to get a very low fico credit score business loan

Step 1: Research companies that have low fico credit score business loans as main programs.   Review minimum funding amounts, rates, features and benefits and processing time from application to completion.

Step 2: Tip:  Prepare explanations or documentation for any unfavorable or incomplete information in your business profile.   This can be slow business periods or limited information on your business.

Step 3: Choose the program that most fits your very low fico credit score and overall customer profile.

Choose the program that most fits your very low fico credit score and overall customer profile
Pick the program that you think is going to be the best match for your business.

Step 4: Make contact with funding programs and confirm your business criteria meets minimum funding program requirements.

Make contact with funding programs and confirm your business criteria meets minimum funding program requirements.
Contact the lender and talk about whether your business meets the requirements.

Step 5: Submit an application for funding.  Provide documentation you have that improves your chance for an approval, higher offer amounts and better terms.   This can include financial statements, additional bank statements or tax returns.

Provide documentation that improves your chance for a higher offer
Get a higher offer by submitting documentation that shows your business to be stronger.

F.A.Q., Frequently asked Questions:

Question:  Will you really approve customers with credit scores that low?

Answer:  Yes.   Not all applicants will qualify.   Many will qualify because approval is based more on the stability of the cash flow of the business, not the credit.

Question: I have terrible credit and a very bad credit score, maybe under 400. Do I have a chance to get funding?

Answer:

You have a chance. The reasons for the low credit score will be looked at to see what is happening currently. The raw score is not the reason for any denial.

Question: My credit was hurt due to a divorce and is also severely damaged. Does that disqualify me?

Answer: Not automatically. While approval is not guaranteed and the credit will still be reviewed, this program is focused on the ability of your business to pay, not focused on credit.

Also consider other financing options.

Review funding program details below.

How to get a used car dealer business loan


Business loan programs especially for used car dealers, small used car dealer loans, exotic car dealer loans and program information.
How to get used car dealer loan:

Find lenders that offer a used car dealer business loan

If your used car lot has more than $15,000 per month in revenues and bank deposits, then your business has an excellent chance to be approved for a used car dealer loan

Select the program and approval requirements that best matches your business profile

Ask the representative what their approval requirements are for that program. If your used car dealership meets those approval requirements, apply for funding

Complete application and provide any additional documentation requested to show business revenues, like bank statements or financial statements

Review approval terms and closing requirements. Submit the items requested. Complete closing and receive funding into your business checking account


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F.A.Q. Frequently asked questions, comments and inquiries on how to get a used car dealer business loan.

What types of car dealer loans are available?

Buy here pay here used car dealer loans,  new car dealer loans , specialty car dealer loans, luxury car dealer loans, exotic car dealer loans and short time in business car dealer loans, and new used car dealer loans.  Newer programs include small car dealer loans, auto sales loans, used car lot loans, and longer term used car dealer loans.

What are the rates for your used car dealer loans?

Rates depend on the time in business, the cash flow and credit. Rates start in the low teens on up

How long does our car lot have to be in business?   We have only been open 5 months.

Your Dealership needs to have at least three months time in business and 3 months business checking account statements to pre-qualify.

My credit is bad.  How much does credit matter?

Credit scores are a minor factor.   Credit scores can be as low as 383.

We are a small used car dealer.   How much can we qualify for?

The amount you can get depends mostly on the average daily deposits.   Most offers are between 35% and 75% of average monthly deposits.
as an example we can calculate the following:
ABC Auto Sales has the following total monthly business checking account Deposits:
July business checking account Deposits =    $30,000
June business checking account Deposits = $20,000
May business checking account Deposits  = $25,000
Based on the mathematical formula first add each months deposits and get a total.
$30,000 + $20,000 + 25,000 = 75,000
So it follows that:
$75,000 % 3 = $2500.

If an offer is 50% of monthly deposits then:
$25000 X .50 = $12500.
Therefore a typical offer with these numbers would usually
be approximately $10000 – $15000.
Because this is the average offer the maximum and minimum expected offers can be calculated.
The maximum expected offer is calculated as $25000 X .65 = $12250.
The minimum expected offer is calculated as
$25000 X .35=$8750.

We sell our used car dealer notes.  Does that matter?

Selling notes does not affect an offer amount because notes are future income.   offers and approvals are calculated using the most recent cash flow.
If the car lot has been selling notes for some time then the recent cash flow already takes that into account.

Our dealership specializes in exotic cars.   Can we still get financing?

Yes.  specialty used car dealers fall into the same used car dealer business loan funding program and are not restricted.

Can we use this financing to buy more cars?

Yes.  The working capital can be used to buy cars at auction or anywhere your dealership wants to buy cars from.   YOu can also use the loan proceeds.  For example, you can use the proceeds to buy cars from wholesalers and customers.

Do you have longer term used car dealer loan programs?

Yes.  One used car dealer loan program offers terms up to 10 years.   This program is only available in certain states. Ask if your state is in the program.

We want to buy a lot for our used car dealership.  Can we use this financing for that?

Yes.   This financing can be used to buy real estate as well as a building, including repairs and improvements.

We hope our “How to get a used car dealer business loan” tips and direction have been helpful.    Contact us with questions.   Fast turn around and quick funding.

How to get a large business loan

Search and contact lenders that offer a big business loan and review their approval criteria

If your business generates more than $50,000 per month in gross revenue, or your personal credit score is over 700, then your business has a good chance to be approved for a large business loan

Identify the program that best matches your business profile

Ask the representative what their approval guidelines are for that program

Complete an application for funding and provide any supporting documentation requested to show business revenues such as bank statements or tax returns

Once approved, verify closing terms and conditions. Provide required items. Complete transaction and receive funding.

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FAQ Frequently asked questions for a large business loan.

How can we qualify for a larger business loan?

Businesses that have revenues over $50000 per month with credit scores over 600 and time in business over 1 year may qualify for a larger business loan

Do we need to provide more financial information to get higher amounts?

For amounts over $250000 more financial information may be required.  This can include the most recent years business tax returns and interim financial statements.

How many months bank statements do you need?

Between 3 and 12 months of the most recent business checking account statements are needed.

We are a startup business.   Can we get a higher amount for a business loan as a start up?

A start up can get large business funding amounts if they have had significant revenue in the first few months of operation.   The business will need to have been operating and generating significant revenue for at least three 3 months.

Our business will keep needing higher amounts of business funding in the future.  Can we use this like a business line of credit?

yes.  When the business pays the balance down to 50% or more it may qualify for more funding immediately.  Programs are available that allow businesses to draw funds after every 30 days of repayment.

Do larger business loans take longer to close?

Larger business loans often do not take any longer than smaller business loans to close.  the repayment will be based on the cash flow of the business so most of the same information is reviewed.

Will Real estate and other assets be required?

Real Estate is not required but it may allow for an approval and a higher approval amount.   Most businesses take the maximum they qualify for without involving real estate or their other assets.

We filed an extension and do not have the most recent business tax return available yet.   Will this be a problem?

amounts less than $100000 do not require a tax return in most cases.  Amounts over $100,000 may require the most recent tax  return.

What are the main reasons businesses are declined for a larger business loan?

The main reasons are low business revenues as well as very low credit scores and a short time in business.

My business partner has very bad credit.   Will that keep us from getting a larger business loan?

Business owners with bad credit that have less than 20% ownership should not cause a decline.   over 50% ownership percentage may cause a lower approval amount or a decline of the request.

Can we get a big business loan with a month repayment?

Yes.   monthly and weekly repayment business loans are also available for larger business loans and may be up to 36 months or longer.


For other financing options, please review other alternate financing programs that may better match your business needs, below:

How to get a business loan with low deposit volume

Low deposit volume

If your business was turned down for a business loan for having low deposit volume, programs are now available to get approved for business funding.   You can get approved with deposits of less than $10,000 per month. Your business can even get funding with deposits as low as $7,500 per month and as low as $5,000 per month.

How to get a business loan with low deposit volume

  1. Step 1  Look at your last 3 months business checking account statements and document your total deposits.
  2. Step 2  Search for a business loan program that specializes in funding with average deposits of less than $10,000 per month.
  3. Step 3  Review approval requirements and terms and conditions as much as you are able prior to applying
  4. Step 4  If satisfied, apply for funding.   When you are approved, review approval terms. If you want to close the transaction, request and complete closing documents.
  5. Step 5  Close transaction


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How to get a business loan with low deposit volume
Does your business have low monthly deposit volume? Find a program that your business will be approved for.

People also ask, F.A.Q., Frequently asked Questions

My business deposit volume is less than $10,000 per month. Can I get business funding with deposit volume that low?

Yes. Your business can get funding with monthly revenues as low as $7,500. In some cases, low business revenue can be as low as $5,000 per month and your business can still get funding.

Why do lenders require $10,000 per month in deposits?

Many funders believe that after a business deducts basic expenses such as lease rental payments, utilities, insurance and inventory, they will not have enough revenue to repay any loans or advances of any kind. Many funders believe a business has to have at least $10,000 to $15,000 or more per month in gross revenues to be able to handle any kind of funding.
Lenders believe if revenues are less than that, a business will get behind on payments and default.

How much can I get if my deposits are minimal or reduced amounts?

It depends on how low the deposits are, your personal credit score, average daily balances, time in business and some other approval requirements.
In most cases, if your average monthly deposits are between $5,000 and $10,000 per month, an approval offer will in the $2,500 to $5,000 range. It is not as likely to get approvals in the $10,000 or higher range.

My business needs more than what we were approved for.   The approval amount was too low and we need more. Can we get more funding for our business?

Your business may be able to get more funding. If your business needs more funding than the approval amount, you can either get a 2nd position funding or another type of funding. Bank statement loans often allow for a supplemental funding.   Consider other funding programs. Your business may be a good fit for other options that are based on Accounts Receivables or Real Estate and others.

Our deposit volume is under $5,000 per month and we had some overdrafts. Can we still get funding?

There are other programs your business may qualify for. If your credit score is high enough, or your business has accounts receivables or other assets, you may be able to qualify for these other programs. Contact us to discuss and review.

How to get approved for a small business loan

Follow the steps on how to get approved for a small business loan.     Have you have been declined for a small business loan,  or declined for a business loan of another type?   The steps below increase the chance of being approved for a small business loan.

How to get approved for a small business loan

  1. Step 1  Review and leverage the strengths of your business when you apply for a business loan.   Look at time in business, personal credit, business credit, revenues and business assets.    Know that your strengths will go a long way in helping your business get approved.
  2. Step 2  Contact lenders online and by phone.  Review any listed approval criteria you can find or ask about.
  3. Step 3  Look at the best matches between business loan programs and your business strengths, needs and time frame for funding.
  4. Step 4  Apply for those programs that are the best match.
  5. Step 5  If approved, review the terms and conditions to make sure your business can meet the requirements.   If so, complete closing conditions to fund the transaction.

Need to get approved for a small business loan?  Apply now below:

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How to get approved for a small business loan
Step and tips to help get approved for a small business loan.

F.A.Q.’s, Frequently asked questions, comments and requests on how to get approved for a small business loan.

I do not like the business loan programs my business qualifies for.  I do not like the type  of business loan, the terms or the rates.  How can I get the business loan program I want?

your customer profile DETERMINES the business loan programs IT QUALIFIES FOR. Evaluate and make a list of the programs your business is most likely to get approved for based on your company’s strengths and weaknesses. Pick a program from that list.

My business did not get approved for enough money. How can I get more, or how can I get it increased?

Ask the lender to increase the approval amount. the lender will sometimes increase the amount slightly just by asking. If your business has strengths that were not listed or provided at the time of application, give the lender any information that makes your application and request stronger. This includes previous years bank statements, tax returns, or additional owner information. It also includes existing contracts your business has that prove revenues you expect to generate in the future

I was declined for a small business loan. How do I get approved?

Follow the steps listed above to increase the chances of being approved. You can contact us to discuss small business loan approval best practices. We will review your profile with you and ALSO discuss the best options your business is most likely to get approved for.

I was declined for a small business loan for having revenues that are too low and for bad credit.  How do I get approved?

Consider programs that can approve with lower business revenues or with bad credit.
There are programs available for businesses that have low revenues but Strong business assets or good credit.
Programs that focus on good credit or business assets often do not require significant revenue.

How to get money to stay in business

“I need money to stay in business”. “I need working capital to keep my business open. ”  What are my options on how to get money to stay in business and keep your business open?

There are several options most businesses have an excellent chance to qualify for.   Join the many funded business owners that could not get funded before.  Contact us below now.

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How to get money to stay in business:

  1. Step 1 Calculate your recent cash flow numbers.  This includes monthly gross and net income.   Look at your assets and your credit.
  2. Step 2 Find lenders that offer funding programs based on your numbers and your strengths.
  3. Step 3 Apply for the program that you determine best fits your company’s profile and has the best chance for approval.

Consider all loan options to make sure you are not missing any opportunities for funding.   You may be able to get funding through programs you were not aware are available.

How to get money to stay in business
Get money to stay in business by matching your strengths to company programs.

 

F.A.Q. – Frequently asked questions and requests:

Question:

Where can I get a business loan to stay in business?

Answer:

Alternative funders are the best places to get funding when your business is struggling.   If your business is having problems, a regular bank will very unlikely approve your business for funding.
If you have proof of income for your business, such as bank statements or business tax returns, you may get funding based on revenues, such as a bank statement loan.

Question:

I’ve tried to get funding and have been declined.   Why would this be different?

Answer:

This approach focuses on how you have gone about looking for funding.    Randomly applying based on presentation and what the representatives have told you are usually not the best funding programs for your business.

Some funders focus on better credit.  If your credit is not good, you may have been declined for credit.    It may have been better to apply with a lender that focuses on tougher credit customers.

Some lenders focus on programs that give more value to businesses that have strong assets or strong cash flow.  If your business does not have either of these then you may have applied for the wrong programs.

Matching business loan programs to your company’s strengths is critical.   Make a mental list of your company’s strengths.   This will give you a blueprint from which to work when you decide on lender.

Question:

Should I just apply once I have found the lender that seems to match?

Answer:

Call the company and discuss your needs with them first if you have time.   Tell them about your business and also what your strengths and weaknesses are.

Ask the company about their programs first to make sure they are not trying to match up their products to your business when they may not be a fit.

Question:

What if this does not work and I still cannot get loan to save business?

Answer:

You can call us and we will help you figure out if you may be missing opportunities.  Another type of funding may be best.   If you truly cannot qualify, then it is time to think about other options.

Final options after business loan decline:

Final options after business loan declines include:

  1. Adding a strong owner and sharing ownership.   This can bring in money and credit.
  2. Change your business model
  3. Scaling back your business
  4. Major expense cutting.
  5. Temporarily closing your business.

These options may allow you to work around the problem and get back up and running in the short term.

It may also be a good time to change your business model.   You do not have to change your entire business model immediately.   You can do this over the course of a few months and transition into a new business line.

Consider if adding a person to the business to bring in some money as a co-signer may work.   This can be someone who becomes another owner.   If they have good credit, the may be able to co-sign for a loan for the business.      These are more ways on how to get money to stay in business.

How to fix missed payments on a mca merchant cash advance or business loan

“I cannot pay my mca merchant cash advance.” I missed payments and am behind on payments on my mca merchant cash advance and business loan.   What can I do?

There are several steps you can take when you are behind on your mca merchant cash advance payments, or your business loan or personal loan is past due.  These steps and others can  or make it much less severe.  One step is to payoff the past due loan by refinancing.   Contact us below for help on how to fix missed payments on a mca merchant cash advance or business loan you have missed payments on, or cannot pay any more on.
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How to fix missed payments on a mca merchant cash advance or business loan and what to do when you are behind.

  1. Step 1 Contact the lender.   Let them know you are having trouble paying the advance or loan.  Be prepared to answer why you cannot pay it and how you will plan to catch up.
  2. Step 2 Ask the lender to work with you.  Ask for lowered payments or suspended payments.   If they refuse ask them to offer you a plan for payments you can handle.   Determine in advance what you are able to pay.   Tell the lender what you can pay and ask them to set up a payment plan for that.
  3. Step 3 Follow through on your agreement.
  4. Step 4 *How to Tip: If you will not be able to continue paying the cash advance or business loan, ask the lender for options. There are often options available just by asking for help or letting the letting know you cannot continue to make the payments.
How to fix missed payments on a mca merchant cash advance or business loan
I missed payments and am behind on my mca merchant cash advance and business loan. Here is how to fix it.

What if you cannot pay the cash advance or business loan and cannot catch it up?

If you cannot continue paying the cash advance or business loan, ask the lender what the options are.  For mortgage loans, many lenders have excellent options for assisting past due borrowers.

If it is not a mortgage loan, the best solution is usually to try to work with the lenders.   When that is not possible, other options include:

1.  Pay a settlement on the mca merchant cash advance or business loan.

If you consider this option, negotiate hard with the lender on how this will be reported on your credit.   You want to push for the best possible credit bureau reporting of this event.    If the lender reports the tradeline as “settled for less than full balance”, this may be the best reporting.

2.  Applying with another lender

This is another excellent option if you can qualify.  Payoff the cash advance or business loan with another loan.   This works well if the balance of the loan you are past due on is low.    If your current past due loan has not damaged your credit too much yet, this option may work.

3.  Another option is to ask your current lender to modify the loan.

For example:
Your current loan is $500 per month and was for 48 months.   You have 10 months left.   Ask the lender to modify the mca cash advance or loan for a lower payment and for more months.  In this case, ask them to lower it to $200 to $300 per month for 20 and 25 months.

Tell them this benefits both them and you.   You will have a payment you can make and their loan will also be paid.   Some lenders do not want to modify.   If you can demonstrate to them that you will be able to pay the past due business loan by getting a lower payment, they may agree to it.

Provide documentation to support your request

Prepare a Quarterly or Monthly Profit & Loss statement to show the lender that you cannot pay now, however if they lower it, your budget will allow for their payment.

4.  Take another hard look at all of your current expenses.

Can you easily reduce expenses somewhere else?   Are there services that you are paying for that you really do not need and can cut?   This can include business expenses and personal expenses.

FAQ’s  – Frequently asked questions and comments

Question:  I am behind on a merchant cash advance.   How can I get out of it or get help?
Answer:  Contact us to discuss your situation.   We will suggest the best
option(s) for your business.
What other loan types can I get to payoff the mca merchant cash advance and business loan I am behind on?   There are many options.   The most common types are below.
“My mca cash advance company threatened me with a coj certificate of judgement.”   What can I do?
Talk to the merchant cash advance company as much as it takes to make sure they do not file a coj in court.   This can clean out your accounts.

“I have missed payments and am way behind on my cash advance.  I was told I am in default.”  “Is it too late to do anything?”

It is not too late.   Talk to the lender about every possible solution.  Show you are proactive in trying to reach a solution.   You do not want them to file a certificate of judgement.
Other requests and needs:   “I cannot catch up my cash advance.  I am too far behind”.  I have to stop paying my merchant cash advance.    When these things happen, review any settlement possibilities and also the refinance options above.

Accounts receivables financing

Accounts receivables financing is another way to increase the cash flow you need to pay your current past due merchant cash advance or business loan.    This can give you cash now which may be enough to pay the payments you missed and are behind on.

Consider an asset based loan

This includes a loan against equipment.  Funding is between 24 and 42 months and includes a monthly payment.    Earth moving equipment, Yellow Iron and  “over the road” OTR rigs, semi-trucks are usually accepted.

Business loan during the holidays

During the holidays your business may need a loan fast.    Where can you go to avoid the slowdown your business does not have time for?   We have several programs that are fast and do not have slow processing during a holiday such as Thanksgiving, Christmas, or New Year’s day.     Contact us below now for fast business loans during thanksgiving.  Same day closings often possible.

Complete the secure Docusign >>15 Second Application now.<<
Or call us at Tel:  1-919-771-4177, or Get a business loan during the holidays here.

Don’t want to wait until after the New Year to get funding?   Often lenders will require additional items for closing and take a long time to get back to you.

FAQ: Frequently asked questions or comments

“I need a business loan fast during the holidays”.   “Need a fast business loan during Christmas.”  “I can’t wait until after the holidays”.   I need a business loan now.   Can you get one fast?
Come to us.    There are no days off.     We will get your business funding quickly.
Other delays in funding question or comments:

My lender is not getting back to me.   Can you get me a business loan fast?
How long does it take?   What do I need to provide?   How much is credit a factor?   Is it really fast?   I have to have a business loan by the end of the week.   What credit scores do you need?

Business loan during the holidays
Need a business loan during the holidays?

What about closing documentation or closing stipulations.   Won’t those show down the closing process?
Closing documentation may be required.   We work fast through these issues to avoid closing delays.    What if I need a loan the same day?    A loan closing same day is possible.    If you are approved, you may be able to be funded the next day if you cannot be funded same day.

Top Reasons business loans don’t close

Top Reasons business loans don’t close

Today we will consider the top reasons business loans don’t close.   We will review the most common reasons and how to avoid them.    Applicants can get their loans closed by preventing these problems.

Not being able to Prove Ownership

Business owners sometimes have trouble proving ownership of their business.    The Secretary of State often lists the Registered Agent and Officer, but does not list or clarify who the owners are.   Officers to not have to be Owners of the business.   Another problem is that ownership percentage is not not listed.    Owners often have to provide their Articles of Incorporation or business license to prove ownership, which many times they do not have on hand.

Complete the secure Docusign >>15 Second Application now.<<
Or call us at Tel:  1-919-771-4177, or Get a business loan that will close here. 

Not being able to provide proof of the existence of the business

Some States do not require a business license to operate a business.   The owner will operate the business in their personal name and say they run a business.  They will not be able to get a business loan because they cannot prove the existence of the business the way Lenders require it.

Cannot prove time in Business

Businesses often begin as a Sole Proprietorship or Partnership and Incorporate later.
When this happens, the Secretary of State will only show the time in business since the time of the Incorporation.  The time the Company was a Sole Proprietorship or Partnership will not be added.
For example, if a Company was Unincorporated for 3 Years and has been incorporated for 2 Years, it will only show on the Secretary of State as 2 Years Time in Business.   If the Company wants credit for the full 5 years, they should provide the business licenses since it began as a Sole Proprietorship.   Lenders will give the Company credit for the full 5 years.

Top reasons business loans don't close
Top Reasons Business Loans Don’t close

Business Account balances are too low or overdrawn at the time of closing

After a business is approved for a business loan, their Business Checking account may be reviewed before closing.  This will include a review of the current balances, the Month to Date balances, NSF’s and Overdrafts within the last 30 to 60 days.   If these are too many NSF’s and overdrafts, the Lender may withdraw the approval.   Review your balances and activity to make sure this will not impact your approval.

Cannot pass bank verification

Many business loans require a verification of the business bank account.   This is often done through 3rd Party Vendors such as DecisionLogic, and Joinme.  Bank verification can also be done through phone verification.

The business cannot provide all of the documentation required in the closing stipulations.

Business loans have a list of closing requirements that have to be met. If the applicant can get most of them but not all of them, they may not be able to close the loan. If you fall short in getting the Documentation required to close a business loan, talk to the Lender about what is missing. You may be able to get the remaining items waived. Another option is to provide substitute information.  Many times alternatives to what was asked for may be accepted.

Avoid these problems and you stand an excellent chance of having your business loan close fast.