The Essential Steps to Business Loans Secrets

5 Essential Steps to Obtain Business Funding
Building a Business Takes Capital

Business Loans Secrets

Most entrepreneurs think that because they have bad credit or no collateral that there is no chance of them getting a loan. But in reality, there are actually many different financing options that business owners have in which they can qualify, even with severe credit challenges, or even if they don’t have collateral.

As you already know, banks REQUIRE good credit AND collateral to get approved for business financing. But still, most people only go to their bank when they need money, because it’s the only place they know to go to. But the most common business bank loan, SBA loans, only account for 1.1% of all business loans (Department of Revenue 2013).The reality is that the big banks are NOT the suppliers of most business loans. And even though they require good credit and collateral to qualify, many sources don’t.

With Business Credit You Can…

  • Obtain vendor credit immediately, and HIGH limit store credit cards shortly after
  • Get access to fleet credit, cash credit cards, and auto vehicle financing
  • Get access to credit with no personal credit check or guarantee
  • Obtain credit that reports to the business reporting agencies, not on your consumer credit reports