Mel Feller Illustrates How to Obtain a Loan for Your Business Startup by Mel Feller Mel Feller know all too well that when you are going into business for yourself, locating financing can be problematic, but it certainly is not impossible. If you can demonstrate that your business idea is feasible and if you have a solid financial history, you can apply for loans from a variety of sources, including the government, banks and credit unions. Therefore, Mel Feller offers these tips and suggestions in order to speed the process up for you and your startup business.

1. Mel FellerExplains HowtoGetCorporate CreditWithoutPersonal Guarantees byMel Feller
On fact accordingto Mel Feller,isthatcommercial lendersgenerallydonotextendfinancingorcredit
lineswithoutapersonal guarantee and/orcollateral.Togetcorporate creditwithouta personal
guarantee,abusinessownermustfirstestablishandbuildthe business'screditseparately. Thisatask
that mustbe accomplishedovertime andwithstrictadherence toa plan.
Mel Feller’ssuggestionistogeta creditcard in the business'sname.Applyforabusinesscreditcard
witha lowcreditlimit.Considerall corporate creditcardoffers,andcompare the variouscreditcard
companies'termsandfees.If necessary,getasecuredbusinesscreditcardthat reportsto eachcredit
bureaualongwiththe businesscredit-reportingagencyDunandBradstreet.Use the creditcard
sparinglyandmake paymentsontime,everytime.
Thenapplyfor a third-partyguaranteedloan.Manymunicipalitiesandcountiesextendsmallbusiness
loansthat guarantee athird partywill pay10 percentto 20 percentof the loanshouldthe borrower
default.The Small BusinessAdministrationoffersdifferenttypesof guaranteedloanprogramstosmall
businesses.These loansare relativelysmall andare awardedtobusinessesrevitalizinganareaor
contributingtoenvironmental ortechnological innovation.
Mel Fellerthenrecommendsthatyousave some of the loanmoney.Setaside 20 percentto30 percent
of the guaranteedloanmoniestouse inrepayingthe loanona timely,consistentbasis.These monies
are consideredretainedoraccumulatedearningsbythe Internal Revenue Service andare taxed,butthe
price isworth payingtobuildyourcompany'screditscore.Use the accumulatedor retainedearningsto
pay back the loanto establishcorporate creditoverthe nextthree tofive years.
Applyforcorporate creditwithouta personal guarantee.Seekabusinessloanfromone of the SBA's
approvedlendersinyourarea.Applyforthe loaninpersonwiththe commercial loandepartment
manager.Have documentationsuchaspersonal andbusinesscreditreportstoprovide proof of good
personal andbusinesscredit.Seekasmall loan,fill outanapplicationandreturnitdirectlytothe
commercial loandepartmentmanagerforapproval.
Mel Feller’sAdditional Thoughts
Establishingyourbusiness'screditwill take aboutthree tofive yearsof makingon-time paymentsto
commercial lenders.
Commercial lendersextendingloanswithoutapersonal guarantee maystillrequirecollateral suchas
equipmentorinventor.

2. MEL FELLER AND WHAT ARE HIS SKILL SETS
Mel Fellerisacertifiedexecutivecoachandconsultantforleaderswhoneedtoachieve significant
personal andorganizational results.
One of Mel Feller’sexpertise,insightsandengagingstyle helpshisclientsgainwisdomandclarity,which
resultin:
Executiveswholeadmore effectively
Teamsthat seektocommunicate andcollaborate,and
Organizationsthatare alignedwithbusinessstrategy
Mel Fellerhasoverthree decadesof coachingandconsultingexperience indiverse industries,which
providesarich frameworkforhisorganizational insightsandcreative solutions.Ibringsa thoughtful
approach to hiswork,carefullyintegratingbothmycoachingandconsultingskillsandabilities.When
consulting,myfocusison“what youare doing”(i.e.,goal setting,problemsolving,takingactionand
achievingresults).Whencoaching,myfocusison“whoyou are being”(i.e.,how youare leading,
aligningyourvaluesandtappingyourgifts).Asaclient,theybecome more consciouslyaware of how
payingattentionto – and balancingboth – are criticallyimportanttotheirsuccess.
Whenyoucombine Mel Feller’skeeninsightsandengagingstylewithhisin-depthskills,technical
certificationsandbroadindustryexperience,the resultisauniquelyqualifiedexecutive coachand
organizational consultant.
So...whatkindof coach are you?"
I getthis questionalot.Moreover,the answeris…Iam a Life Coach,Executive Coach,CareerCoach,and
BusinessCoach.Icoach teens,businessexecutives,authors,artists,entrepreneurs,retiredseniors,busy
momsand entire organizations.
“Truth telling,honesty,andcandor:IlovedyouMel Feller!Youhave somuch energyandknowledge!I
trulyhope I getanotheropportunitytobe coachedby you.I see myself alittle clearernow,andit’snot
so bad.”
Lisa Mathews
“Mel Felleryouaddedmore value thanwe canpossiblysee rightnow.Mel Feller,youare warm,
inviting,andaccommodating.Thankyouforcomingalongside usinthistransition!”

3. VanessaCavanaugh
“Mel Fellerthe besteducationsessionthatwe have attendedinmanyyears!Thankyousomuch — I am
veryexcitedtoputeverythingyouhave taughtusintopractice!”
Michael Randolph
“Mr. Mel Feller,Thankyou,thankyou,thankyoufor givinga marvelouskeynote atourSymposium!
While we have notyetcollectedthe official feedback,the unofficialfeedbackwasthatYou Were a Hit! I
heardnothingbutcomplimentsregardingyourpresentations.Thankyouformakingsucha positive
impacton our attendees!”
Lyle CunninghamVP
"Mel Felleruseshishumor,compassion,anddirectnature tohelpbringoutthe bestinme.Mel Felleris
committedtohelpingme live...Imean,reallylive,life toitsfullest."
Jose Rodriguez
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4. https://txbusinessdb.com/p/mel-feller
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5. https://thecoachingoffice.com
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6. https://melfellerbusinessblog.com