The Things Lenders Look At To Approve A Loan
Manage episode 358773605 series 3297669
What Lenders Are REALLY Looking for When They Review Your Bank Statements Come join us on our live training event to discover what lenders look at to approve you for financing.
During this webinar, you’ll discover …
• How to put together a sound business plan even if your company is a startup
• Several options for funding that go beyond traditional banks and lenders
• How to show a solid cash flow, sufficient to repay a loan
• How important a track record of profitability and success is
• How to prove creditworthiness, even if your company is a startup
• How to prepare to meet with a lender and what to bring with you
• What a sound business plan is like and what goes into one …
• How a business plan for a startup differs from one for a more established business
• What a lender wants to see in your business plan when it comes to …
• … your customers, your value, your uniqueness and more
• What a Profit & Loss statement (P & L) is for, and what goes into one
• How and why lenders want to see monthly and annual bank statements …
• … and your company’s bank balances
• How knowing your numbers puts you head and shoulders ahead of your competition
• Why time in business is important to lenders
• What lenders want to see when they ask for your personal credit information
• How you can get creative when pledging collateral
• How a credit partner can help you …
• … and why one who can be a mentor to you is doubly valuable
• How you can use your 401(k), securities, or inventory as collateral …
• … or your equipment or outstanding invoices
• When a personal guarantee is needed
• What a microloan is, and how to get one
• What an SBA loan is
BusinessCreditBuilder.US LLC gives your business a path to fund itself so that you can stop asking friends and family (or opening your own wallet) when your business needs cash. BusinessCreditBuilder.US LLC improves fundability, helps you build business credit, and get business loans and credit lines so that you can grow your business with confidence. Make sure that your business meets all lending guidelines before you apply. Build credit in your business name and with your EIN so that you don’t have to personally guarantee business finances. Get loans and credit lines so that your business can continue to GROW. With BusinessCreditBuilder.US LLC you can get the capital you need to succeed and grow! Learn more at www.businesscreditbuilder.us.
Training presented by
Business Credit Expert
Accountant
Public Speaker
Author
Noel A. Booker Sr.
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