This document discusses various options for obtaining business financing even with challenges like bad credit, no collateral, or lack of cash flow. It outlines alternatives to conventional bank loans, which often have very stringent requirements. The main alternatives discussed are cash flow financing using business revenues/receivables as collateral, private financing backed by personal assets as collateral, and obtaining business credit lines which do not rely on personal credit scores. Within each category, multiple product options are described along with typical terms, requirements, and qualifications. The overall message is that alternative financing sources allow many business owners to access funding despite not meeting bank loan standards.
7 secrets to getting approved for business financing! Visit www.michaelruiz.biz for more information about building business credit & obtaining financing for your company. Whether you are a startup or an existing company, I can help you with the funding you need to grow and thrive as a business!
How to get Amazon, Dell and Walmart business credit cards.
Contact us today to learn how to build your credit profile.
www.michaelruiz.biz www.thecreditattendants.com
This document provides instructions for building business credit without a personal guarantee or personal credit check. It recommends starting by establishing a credible business setup, then applying for credit with starter vendors who report to business credit agencies. Once 5 accounts are reported, apply for store credit cards. With 10 total accounts, apply for cash business credit cards. The key is to build credit linked to the business EIN instead of a personal SSN to avoid personal liability. Following these steps can provide a business with access to loans and lines of credit to support growth.
The document provides information on obtaining money and credit for a new business. It discusses various financing options including bank funding, which is typically difficult for new businesses due to requirements. It then outlines several collateral-based financing options that can provide funds to new businesses. The document also discusses establishing business credit by starting with vendor accounts from suppliers that report to credit bureaus, and then gradually obtaining store credit cards and cash business credit cards to build a strong business credit profile.
How to easily build business credit that's not linked to your SSN in 4 simple steps. Business Credit is perfect for people with bad perosnal credit profiles.
This document discusses common reasons why business loan applications may be declined by lenders and provides tips to improve the chances of approval. It outlines key steps like establishing credibility for the business name and address, obtaining necessary licenses and permits, setting up a business bank account and credit profiles, and maintaining good personal and business credit histories. Following the guidelines around building credibility, using an accurate business name and address, and ensuring positive credit quality can help businesses strengthen their applications and increase their approval odds.
You learn about business Credit, Business Credit Cards using EIN only, Business Credit Cards without a personal guarantee, business credit builder, Business Credit Cards for a New Business, Business Credit Approved, Business Credit Building, Business Credit… by Ty Crandall, How to Build Credit for Your EIN that is Not Linked to Your SSN.
Learn more about business credit at www.CreditSuite.com
Ty Crandall 877-600-2487 | info@creditsuite.com
7 secrets to getting approved for business financing! Visit www.michaelruiz.biz for more information about building business credit & obtaining financing for your company. Whether you are a startup or an existing company, I can help you with the funding you need to grow and thrive as a business!
How to get Amazon, Dell and Walmart business credit cards.
Contact us today to learn how to build your credit profile.
www.michaelruiz.biz www.thecreditattendants.com
This document provides instructions for building business credit without a personal guarantee or personal credit check. It recommends starting by establishing a credible business setup, then applying for credit with starter vendors who report to business credit agencies. Once 5 accounts are reported, apply for store credit cards. With 10 total accounts, apply for cash business credit cards. The key is to build credit linked to the business EIN instead of a personal SSN to avoid personal liability. Following these steps can provide a business with access to loans and lines of credit to support growth.
The document provides information on obtaining money and credit for a new business. It discusses various financing options including bank funding, which is typically difficult for new businesses due to requirements. It then outlines several collateral-based financing options that can provide funds to new businesses. The document also discusses establishing business credit by starting with vendor accounts from suppliers that report to credit bureaus, and then gradually obtaining store credit cards and cash business credit cards to build a strong business credit profile.
How to easily build business credit that's not linked to your SSN in 4 simple steps. Business Credit is perfect for people with bad perosnal credit profiles.
This document discusses common reasons why business loan applications may be declined by lenders and provides tips to improve the chances of approval. It outlines key steps like establishing credibility for the business name and address, obtaining necessary licenses and permits, setting up a business bank account and credit profiles, and maintaining good personal and business credit histories. Following the guidelines around building credibility, using an accurate business name and address, and ensuring positive credit quality can help businesses strengthen their applications and increase their approval odds.
You learn about business Credit, Business Credit Cards using EIN only, Business Credit Cards without a personal guarantee, business credit builder, Business Credit Cards for a New Business, Business Credit Approved, Business Credit Building, Business Credit… by Ty Crandall, How to Build Credit for Your EIN that is Not Linked to Your SSN.
Learn more about business credit at www.CreditSuite.com
Ty Crandall 877-600-2487 | info@creditsuite.com
This document discusses various types of unsecured financing options for small businesses, including unsecured business loans, cash advances, business credit cards, and business credit lines. It notes that unsecured financing carries the highest risk for lenders since there is no collateral pledged. As a result, interest rates for unsecured financing tend to be higher than rates for secured financing. The document also provides details on specific unsecured financing products like cash advances, business credit cards from Chase and American Express, and methods for obtaining business credit without a personal guarantee.
This document discusses how to build business credit using trade credit from vendors. It explains that trade credit involves vendors extending credit to businesses for purchases, allowing payment within set timeframes like net 30 days. The document advises finding vendors that will issue initial credit to businesses with no existing credit history and that report payments to business credit bureaus. Quill is recommended as one such vendor that can help new businesses establish their first trade accounts and start building a positive business credit profile.
A walkthrough about 10 business bank account hacks to properly setup and manage your business bank account... and get an excellent bank rating credit score
This document provides instructions for setting up initial business credit profiles with Dun & Bradstreet (D&B), Experian, and Equifax. It recommends first setting up your business entity with your state and obtaining an EIN from the IRS. Then it describes how to check if you have existing profiles and how to create profiles if needed. For each agency, it recommends obtaining your business credit reports and scores to monitor your credit status. It also suggests using initial trade credit to build positive payment history.
A business loan can be obtained to start or grow a business. Loans are typically issued by banks, alternative lenders, and private investors. Business loans can be obtained based on your business strengths.
If a startup can show legitimacy it helps the lender feel comfortable about lending. Building business credit is a specific process. Your startup is your dream! It might begin on your kitchen table and turn into a multinational corporation.
We help business owners get approved for business credit and access funding for their business, whether they have good or bad personal credit. Academy of Business Credit
Our business funding and credit suite provide clients with an easy step-by-step system to help business owners access funding and build business credit.
This document provides information about building business credit. It explains that business credit is separate from personal credit and is based on the business's ability to pay. It recommends starting with vendor credit cards reporting to business credit bureaus to establish a profile. Once 5 trade lines are reported, the business can qualify for revolving credit cards. The document lists specific credit options from vendors like Radio Shack, Staples, and Dell and advises having 10 accounts reporting and a $10,000 credit limit to build a strong business credit profile.
A personal guarantee is an agreement where a person promises to repay a business's debts if the business defaults. It means the lender can seize the guarantor's personal assets. Personal guarantees are often required for new businesses or large loans since the business lacks credit history. However, established businesses like Dell do not require personal guarantees since they have their own credit profiles from business credit accounts. Any business can get business credit without a personal guarantee by first establishing a business credit profile through vendor accounts that report to business credit bureaus.
The 0% credit card program is a great funding solution for many entrepreneurs. You can get money as a startup, or high risk industry, if you lack cash flow or collateral, and even without financials… making it easier to get approved for and the funding is fairly fast, within 3 weeks or less. Visit to get started
Or call us 877-600-2487 or email us to learn more about this and all funding and credit options for your business
18 proven ways to help your business loan application succeedMerchant Advisors
This document provides 18 tips for strengthening a business loan application. It recommends examining personal and business credit scores, paying off existing debts, avoiding liens, applying when cash flow is strong, providing a detailed business history and plan, being realistic in projections, saving a nest egg, choosing an appropriate loan amount, calculating monthly payments, asking questions, getting collateral appraised, being patient, leveraging social media, selecting the right lender, asking for help, and paying attention to final details. Following these tips can help optimize the application and increase approval chances.
To open a financial agency in India, one must register with the Register of Financial Intermediaries. This involves a complex bureaucratic process. The business must be set up as a specific corporate form with a minimum paid-up share capital of 5 times the minimum for a normal company. Initial costs can be high, in the thousands of dollars, for premises rental, legal/accounting fees, furniture, and equipment. Revenues come from commissions on loans and financial services issued. Opening a franchise financial agency offers advantages like support, brand recognition and lower startup costs compared to independent operation.
The document outlines 25 ways for businesses to get loans and credit when denied by banks, including SBA loans, asset-based lines of credit, invoice factoring, merchant cash advances, and commercial mortgages. It provides details on eligibility requirements, loan amounts, interest rates, and processes for each alternative financing option.
The document discusses various types of business loans and how to qualify for them. It describes conventional bank loans that require good financials and credit. Alternative loans are easier to qualify for and can be based on business cash flow, personal credit, or collateral. Cash flow loans require consistent monthly deposits over $10,000 and being in business over a year. Credit loans are unsecured up to $150,000 with a 685+ credit score. Collateral loans have low rates based on collateral like receivables or equipment. A business loan broker assists by finding the best loan options based on a business's strengths.
Credit is a powerful tool. It can either make or break your business, depending on how you use it. This presentation will give you actionable recommendations so you can utilize credit to grow your business to new heights.
This document provides information for over the road truckers on how to establish business credit using their Employer Identification Number (EIN) rather than their Social Security Number. It explains that business credit allows the business to build its own credit profile separately from the owner's personal credit. This protects the owner's personal assets from business debts and taxes. The document outlines the benefits of business credit such as higher credit limits, faster approvals, and no personal credit checks or liability. It provides tips for truckers to build business credibility and establish business credit, including using a business address, phone number, website, email and meeting other standards to appear legitimate to lenders.
This document discusses revenue-based financing or cash flow financing as an alternative source of business financing for companies that may not qualify for traditional bank loans. Revenue-based financing uses a company's current and future revenue as collateral rather than physical assets. Investors provide capital in exchange for a percentage of the company's ongoing gross revenues until the initial capital plus a multiple is repaid. The document outlines the requirements, terms, approval process and potential uses of revenue-based financing. Key aspects include analyzing bank statements for consistent deposits and cash flow, repayment terms of 6-18 months where payments are deducted daily from revenues, and approval times of 24-48 hours.
This document discusses various types of unsecured financing options for small businesses, including unsecured business loans, cash advances, business credit cards, and business credit lines. It notes that unsecured financing carries the highest risk for lenders since there is no collateral pledged. As a result, interest rates for unsecured financing tend to be higher than rates for secured financing. The document also provides details on specific unsecured financing products like cash advances, business credit cards from Chase and American Express, and methods for obtaining business credit without a personal guarantee.
This document discusses how to build business credit using trade credit from vendors. It explains that trade credit involves vendors extending credit to businesses for purchases, allowing payment within set timeframes like net 30 days. The document advises finding vendors that will issue initial credit to businesses with no existing credit history and that report payments to business credit bureaus. Quill is recommended as one such vendor that can help new businesses establish their first trade accounts and start building a positive business credit profile.
A walkthrough about 10 business bank account hacks to properly setup and manage your business bank account... and get an excellent bank rating credit score
This document provides instructions for setting up initial business credit profiles with Dun & Bradstreet (D&B), Experian, and Equifax. It recommends first setting up your business entity with your state and obtaining an EIN from the IRS. Then it describes how to check if you have existing profiles and how to create profiles if needed. For each agency, it recommends obtaining your business credit reports and scores to monitor your credit status. It also suggests using initial trade credit to build positive payment history.
A business loan can be obtained to start or grow a business. Loans are typically issued by banks, alternative lenders, and private investors. Business loans can be obtained based on your business strengths.
If a startup can show legitimacy it helps the lender feel comfortable about lending. Building business credit is a specific process. Your startup is your dream! It might begin on your kitchen table and turn into a multinational corporation.
We help business owners get approved for business credit and access funding for their business, whether they have good or bad personal credit. Academy of Business Credit
Our business funding and credit suite provide clients with an easy step-by-step system to help business owners access funding and build business credit.
This document provides information about building business credit. It explains that business credit is separate from personal credit and is based on the business's ability to pay. It recommends starting with vendor credit cards reporting to business credit bureaus to establish a profile. Once 5 trade lines are reported, the business can qualify for revolving credit cards. The document lists specific credit options from vendors like Radio Shack, Staples, and Dell and advises having 10 accounts reporting and a $10,000 credit limit to build a strong business credit profile.
A personal guarantee is an agreement where a person promises to repay a business's debts if the business defaults. It means the lender can seize the guarantor's personal assets. Personal guarantees are often required for new businesses or large loans since the business lacks credit history. However, established businesses like Dell do not require personal guarantees since they have their own credit profiles from business credit accounts. Any business can get business credit without a personal guarantee by first establishing a business credit profile through vendor accounts that report to business credit bureaus.
The 0% credit card program is a great funding solution for many entrepreneurs. You can get money as a startup, or high risk industry, if you lack cash flow or collateral, and even without financials… making it easier to get approved for and the funding is fairly fast, within 3 weeks or less. Visit to get started
Or call us 877-600-2487 or email us to learn more about this and all funding and credit options for your business
18 proven ways to help your business loan application succeedMerchant Advisors
This document provides 18 tips for strengthening a business loan application. It recommends examining personal and business credit scores, paying off existing debts, avoiding liens, applying when cash flow is strong, providing a detailed business history and plan, being realistic in projections, saving a nest egg, choosing an appropriate loan amount, calculating monthly payments, asking questions, getting collateral appraised, being patient, leveraging social media, selecting the right lender, asking for help, and paying attention to final details. Following these tips can help optimize the application and increase approval chances.
To open a financial agency in India, one must register with the Register of Financial Intermediaries. This involves a complex bureaucratic process. The business must be set up as a specific corporate form with a minimum paid-up share capital of 5 times the minimum for a normal company. Initial costs can be high, in the thousands of dollars, for premises rental, legal/accounting fees, furniture, and equipment. Revenues come from commissions on loans and financial services issued. Opening a franchise financial agency offers advantages like support, brand recognition and lower startup costs compared to independent operation.
The document outlines 25 ways for businesses to get loans and credit when denied by banks, including SBA loans, asset-based lines of credit, invoice factoring, merchant cash advances, and commercial mortgages. It provides details on eligibility requirements, loan amounts, interest rates, and processes for each alternative financing option.
The document discusses various types of business loans and how to qualify for them. It describes conventional bank loans that require good financials and credit. Alternative loans are easier to qualify for and can be based on business cash flow, personal credit, or collateral. Cash flow loans require consistent monthly deposits over $10,000 and being in business over a year. Credit loans are unsecured up to $150,000 with a 685+ credit score. Collateral loans have low rates based on collateral like receivables or equipment. A business loan broker assists by finding the best loan options based on a business's strengths.
Credit is a powerful tool. It can either make or break your business, depending on how you use it. This presentation will give you actionable recommendations so you can utilize credit to grow your business to new heights.
This document provides information for over the road truckers on how to establish business credit using their Employer Identification Number (EIN) rather than their Social Security Number. It explains that business credit allows the business to build its own credit profile separately from the owner's personal credit. This protects the owner's personal assets from business debts and taxes. The document outlines the benefits of business credit such as higher credit limits, faster approvals, and no personal credit checks or liability. It provides tips for truckers to build business credibility and establish business credit, including using a business address, phone number, website, email and meeting other standards to appear legitimate to lenders.
This document discusses revenue-based financing or cash flow financing as an alternative source of business financing for companies that may not qualify for traditional bank loans. Revenue-based financing uses a company's current and future revenue as collateral rather than physical assets. Investors provide capital in exchange for a percentage of the company's ongoing gross revenues until the initial capital plus a multiple is repaid. The document outlines the requirements, terms, approval process and potential uses of revenue-based financing. Key aspects include analyzing bank statements for consistent deposits and cash flow, repayment terms of 6-18 months where payments are deducted daily from revenues, and approval times of 24-48 hours.
Learn more about small business loans, cash access problems,cash flow loans, unsecured financing, collateral-based financing and how to get approved for business financing.
Small Business Administration (SBA) Financing OptionsGuy-Daniel Boni
SBA financing is designed to provide small businesses with access to credit structures and terms that may be more flexible than conventional lending options. Blitt Capital is here to help Entrepreneurs match their financing needs with the appropriate SBA lending program.
The document provides information about building business credit through a business credit builder program. It discusses establishing a business credit profile separate from personal credit by registering the business with credit bureaus, obtaining initial business credit from vendors, and using that credit responsibly to build a positive business credit history over time. The goal is to access financing and other business resources using business credit rather than personal credit or guarantees.
The document discusses various options for startup business financing. It notes that conventional bank loans are difficult for startups to qualify for due to lack of tax history. It recommends exploring unsecured financing options like credit cards that do not require financials. It also suggests securing loans using collateral like 401k accounts, stocks, inventory or accounts receivable. Additional options covered include crowdfunding, SBA loans, private equity lines of credit, and federal/state grants. The document encourages startups to utilize the many available financing options to get their business started and keep it growing.
The document discusses various sources of funding for businesses, including microloenders, banks, the SBA, friends and family, angel investors, venture capitalists, and crowdfunding. It emphasizes the importance of determining financing needs, having a strong management team, and a business plan. There are two main types of financing - equity, which involves giving up ownership stake, and debt, which must be repaid with interest. When seeking funds, businesses must show they have the ability to repay through cash flow and collateral. Proper preparation includes getting financing needs in order, researching options, and having good credit and documentation.
This document discusses 15 ways for real estate investors to obtain business credit, loans, and lines of credit. It begins by providing background on real estate investing and how house flipping has increased in popularity. It then explains why traditional lenders may not provide funding for high-risk real estate deals and outlines alternative options for financing flipping projects including unsecured credit, cash flow lending, merchant cash advances, securities-based lines of credit, 401(k) financing, and house flipper financing. It stresses the importance of building business credit over time by starting with vendor and store credit cards and lines of credit. Government grants are also mentioned as a source of free funding for real estate projects.
As a Business Owner, you realize that you need funding to Start, Run or Grow your Business! What steps should you take to prepare in order for you to receive the best terms?
There are different sources for financing representing various opportunities. This seminar will tell you about some of these opportunities and the best method for increasing your chance of securing a loan. The program will also bring clarity to what financing opportunities the Federal Government offers through the Small Business Administration. Co-Sponsored with the High Point and Greensboro Public Libraries. Facilitated by Chisa D. Pennix-Brown, MBA of Lady Bizness, Inc.
Raising Capital Insights, Peoria AZ Business Summit Kristin Slice
This document provides an overview of raising capital and the lending process for small businesses. It discusses various sources of capital, including commercial banks, micro lenders, SBA programs, and CDFIs. It outlines the key criteria lenders evaluate like credit history, repayment ability, collateral, management experience, and owner capital. Common lending options for new and mature businesses are presented. The document reviews preparing a loan request, ongoing lender reviews, reporting requirements, and important reminders. It concludes with a lending panel discussing their specialties and addressing common questions.
1. The document provides information about Manish Patel who helps businesses obtain funding through various sources including revenue-based loans, retirement financing, and merchant cash advances.
2. It describes the types of funding available such as revenue-based lending where businesses can receive up to 80% of monthly revenues, unsecured business financing without collateral, and using retirement accounts to invest in a business.
3. The document promotes Manish Patel's services for helping businesses that are just starting, in need of expansion funding, or who have been rejected by traditional lenders to access the capital they need to grow and succeed.
This document provides information about the requirements for obtaining business financing. It discusses the importance of having proper financing for a small business. The document outlines what a lender will evaluate in a funding assessment, including business structure, licenses, credit profiles, financial records, and a business plan. It also explains that personal credit is heavily weighed, as it demonstrates an individual's ability to repay debt and manage finances. The personal credit section analyzes the factors that determine a credit score, such as payment history, amounts owed, credit history length, new accounts/inquiries, and credit mix. Maintaining a credit score above 720 and keeping debt ratios below 30% are recommended for optimal funding chances.
Ratio Analysis and Business Performance – Why Should I Care – Part 2?McKonly & Asbury, LLP
The webinar is hosted by David Blain, Partner and Director of McKonly & Asbury’s Entrepreneurial Services Group, and Eric Fischer, Benefits Advisor at American Family Life Assurance Company of Columbus (Aflac).
This webinar is a continuation of the first webinar hosted on May 30, 2019. This webinar focuses on debt covenant and leverage ratios most used and reviewed by banks and other lending institutions. The webinar also focuses on how banks and lending institutions view these ratios and how to best prepare and present your business for compliance with these ratios.
Financing a new venture requires understanding the different funding options available and their pros and cons. Most startups need funding to cover costs before generating revenue from sales. Common sources of funding include personal savings, bootstrapping, bank loans, SBA loans, crowdfunding, angel investors, and venture capital. Proper preparation is key, including developing financial projections and statements to demonstrate the funding need and viability to potential investors or lenders.
This document provides an overview of various types of bank financing options for small businesses, including lines of credit, term loans, SBA loans, commercial real estate loans, and equipment financing. It also discusses how to improve credit scores and the requirements for applying for business and residential loans. The presentation was given by Anna Xiaodan Zheng from Chase Business Banking to discuss financing options and requirements for Asian women business owners.
Small business loans you can qualify for with bad credit scoreMerchant Advisors
Business loans can be challenging to secure if you have bad credit. Here are a few financing options to get small business loans with bad credit. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-loans-for-bad-credit/
7 small business lenders report to credit bureaus in 2019Merchant Advisors
Wondering where your credit score comes from? Here is a list of seven business lenders that report your borrowing habits to business credit bureaus in 2019. For more information, visit at https://www.onlinecheck.com/blog/business-loans/report-to-credit-bureaus/
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
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5 Tips for Creating Standard Financial ReportsEasyReports
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BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
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How to get business loans with bad credit, no collateral, and no cash flow!
1. How to Get Business Loans…
Even with Bad Credit,
No Collateral, or No Cash Flow
2. The Cash Access Problem
• Most business owners go to their bank when
they need money
• But according to the Department of Revenue,
less than 2% of all business loans come from the
big banks
3. The Cash Access Problem
• Banks deal with very conservative risk
• And business lending is VERY risk as
over 90% of businesses fail within their
first 10 years
• The result is that 89% of business bank
applications are typically denied per the Small
Business Lending Index
• This is also why Bloomberg says “Funding a new
small business? Don’t bother with banks”
4. The Cash Access Problem
• Even though most struggle to get money, 86% of
small businesses rely on some type of credit or
financing for survival per the National
Federation of Independent Business
• And per SBA… the major reason for business
failure is insufficient capital and lack of
adequate funding
5. The Cash Access Problem
• And since most small businesses can’t easily get
money, that leaves over 9 million American
businesses that need money and can’t get it,
according to the National Small Business
Association
• Are you one of the 9 million who need money
and can’t get it?
• If so, you’re going to love what you’re about to
learn!
6. The Cash Access Problem
• If you’re looking for money for your business,
there’s great news
• There’s actually billions of dollars to be lent to
small businesses
• BUT, most of this money will NOT come from the
big banks
• The real problem isn’t that there
isn’t money to borrow, it’s that
most business owners don’t know
WHERE to go to get approved
7. Conventional Financing (SBA Loans)
Qualifications
• All of the big banks and most smaller
banks use SBA loans as their primary
business funding program
• These types of conventional bank loans are very
hard to qualify for as the borrower must qualify
per SBA guidelines and the lender’s guidelines
8. Conventional Financing (SBA Loans)
Qualifications
• SBA loans are also tough to qualify for
because the lender and SBA will evaluate ALL
aspects of the business and the business
owner for approval
• To get approved all aspects of the business
and business owners personal finances must
be near PERFECT to ever get approved
9. Conventional Financing (SBA Loans)
Qualifications
• To get approved for conventional
loans you must have:
• Excellent personal credit, with no derogatory
reported items
• Excellent bank credit, keeping over $10,000
liquid in your accounts
• Excellent business credit with a Paydex score
of 80 or above
10. Conventional Financing (SBA Loans)
Qualifications
• You’ll need to have excellent financials that
show good net profits increasing from year to
year
• You’ll need to show you manage that cash flow
good per your business and personal bank
statements
• And you’ll need substantial collateral
to offset what you’re borrowing,
sometimes equal to 100% of
what’s being borrowed
11. Conventional Financing (SBA Loans)
Qualifications
• Other items you’ll need to provide for approval
include:
• Profit and Loss (P&L) Statement
– This must be current within 90 days of your
application. Also include supplementary
schedules from the last three fiscal years
• Current and Projected Financial Statements
– Include current and a detailed, one-
year projection of income and
finances and attach a written
explanation as to how you expect to
achieve this projection
12. Conventional Financing (SBA Loans)
Qualifications
• Business Certificate/License
– Your original business license or certificate
of doing business. If your business is a
corporation, stamp your corporate seal on the
SBA loan application form
• Loan Application History
– Include records of any loans you may have
applied for in the past
13. Conventional Financing (SBA Loans)
Qualifications
• Income Tax Returns – Include
signed personal and business federal income tax
returns of your business’ principals for previous
three years.
• Résumés – Include personal résumés for each
principal.
14. Conventional Financing (SBA Loans)
Qualifications
• Personal Background Information
• Business Plan
• Business Credit Report
15. Conventional Financing (SBA Loans)
Qualifications
• Income Tax Returns:
Most loan programs require applicants to submit
personal and business income tax returns for the
previous 3 years.
• Business Overview and History
– Provide a brief history of the business and its
challenges. Include an explanation of why the SBA
loan is needed and how it will help the business.
16. Conventional Financing (SBA Loans)
Qualifications
Personal Credit Report: Your lender will
obtain your personal credit report as
part of the application process.
However, you should obtain a credit
report from all three major consumer
credit rating agencies before submitting
a loan application to the lender.
Inaccuracies and blemishes on your
credit report can hurt your chances of
getting a loan approved. It’s critical you
try to clear these up before beginning
the application process.
17. Conventional Financing (SBA Loans)
Qualifications
• Business Lease
• Bank Statements
• Business Certificate/License
• Loan Application History
• Proof of Collateral
18. Conventional Financing (SBA Loans)
Qualifications
• Legal Documents: Depending on a loan’s specific
requirements, your lender may require you to submit
one or more legal documents. Make sure you have the
following items in order, if applicable:
• Business licenses and registrations required for you to
conduct business
• Articles of Incorporation
• Copies of contracts you have with any third parties
• Franchise agreements
• Commercial leases
19. Conventional Financing (SBA Loans)
Qualifications
• WOW, that’s a lot of stuff!
• As a result most business owners struggle to get
approved for financing because they and their
business aren’t “perfect” as the lenders and SBA
require
• They don’t have collateral, cash flow, and the
credit needed for approval
20. How to Get Approved for Business
Financing
• The great news is there are a lot of funding options
outside of these conventional bank, SBA loans
• Alternative financing is one of the most popular
options available today
• You can also get private money, or crowd funding
• You can even get business credit regardless of your
personal situation
22. Business Financing Based on Strengths
• Most alternative sources will lend you money
based on your business strengths
• So as long as you have a strength, you can be
approved
23. The 3 C’s of Lending
• The 3 strengths you’ll need one of to
get approved include:
• Cash flow
• Collateral
• Credit, good Personal or Business
24. Cash Flow Financing
• Cash flow financing is one of the most popular types of
business financing today
• Most ads relating to getting business financing with bad
credit, and no startups, is a form of cash flow financing
• The two most common types of cash flow financing are
– Merchant Advances
– Business Revenue Financing
25. Cash Flow Financing Qualifications
• To get approved for cash flow financing you’ll
need to be able to show 6 months of business
bank statements and merchant statements
• Those bank statements must reflect that your
business make over $120,000 in annual
REVENUE, or about $10,000 monthly
• You can also get a merchant advance
with $5,000 in credit card revenue
monthly
26. Cash Flow Financing Qualifications
• You need to be in business for one year to qualify
• You’ll need to have more than 10 transactions, or
deposits per month into your business account
• You can’t have more than 10 NSFs (non-sufficient-
funds charges)
• You should have some sort of balance left at the
end of each month
27. Cash Flow Financing
Revenue Lending and Merchant
Advances
– Short term loan of 6-18 months
– Loan amounts 10k to 500k
– Loan amounts equal to 8-12%
of annual revenue
– Rates of 10-45%
– 500 credit score accepted
– NO collateral requirement
28. Cash Flow Financing Benefits
• Personal credit isn’t a big factor of qualification,
if you’re not currently in trouble now, such as
being in a bankruptcy or having recent
judgments or liens
• You can get money super FAST, in as little as 72
hours
• Approval is easy, just a quick bank statement
review
29. Cash Flow Financing Benefits
• You can easily renew your advance
and get more money within 24-48
hours with a review of 2 months bank
statements… once you’ve paid down
50% of your initial advance
• You can get approved when you’d get
denied with most other sources, this
is just one of the most forgiving
business lending options available
today
30. Equity Investors
• Contribute money in exchange for a percentage of
equity, or ownership, in your company
• Think Shark Tank
• Percentage of ownership based on risk, typically
20-60%
• Is a viable option for startups as no tax returns are
typically required, the “idea” might be enough to
attract an investor
31. Private Financing
• Serves as SBA fall-out financing for loans that are
close, but can’t qualify for SBA
• Collateral is required, although often only 10-30%
• Tax returns are required for 2 years, so no
startups
• An Executive Summary is required
• Lenders are looking for average credit of 650 +
32. Private Financing
• Loans can be in the millions, even billions of
dollars
• Loan times take 30-90 days to close and
receive funds
• Interest rates are usually 7% + depending on
risk
36. Account Receivable Factoring
• Up to 80% of receivables is forwarded
• 1 year in business required
• Must be receivables from another business or
the government
• Rates of 1.25-5%
37. Securities Based Lines of Credit
• 70-90% LTV of stock value
• Rates as low as 2-3%
• Working capital line-of-credit
• Challenged personal credit is
okay
38. Inventory Loans
• Minimum inventory loan amount:
$150,000
• General loan to value (cost): 50%; thus,
inventory value would have to be
$300,000 plus
• No lumped together inventory, like office
equipment
• Rates are normally 2% monthly on the
outstanding loan balance
• Examples of companies that might
qualify include a factory or retail store
39. Purchase Order Financing
• $5,000-500,000
• You can get up to 95% of your existing
purchase orders advanced
• You’ll be issued a Letter of Credit
40. Equipment Sale-Leaseback
• Borrow against existing equipment you own IF
you don’t already have a lien
• Lender will undervalue equipment by possibly up
to 50% to determine a “fire sale” value
• Major pieces of equipment only, lender won’t
combine a bunch of small equipment
• 1st and last month’s payments required
• Loans up to $2 million
41. 401k Financing
• 401k or IRAs can be used
• Up to 100% financing
• Rates usually less than 5%
• You are basically investing your 401k into your own
business, instead of buying stocks in other
businesses
• There are no tax ramifications, based on proven IRS
strategies
42. House Flipper Financing
• 660+ FICO score
• Flipping experience required
• Must have cash on hand to put into escrow
• Up to 65% of after-repaired-value
• 8-18% rate , 6 month term
43. Commercial Real Estate Financing
• $75,000-20,000,000 loan amounts
• Get up to 55% loan-to-value for refinances
• 20-30 year loans
• Rates of 4-8%
• 650 FICO score needed for approval
• Conventional and SBA 504 loans are
available
44. Floor plan Financing
• Use an inventor of cars to get a revolving line of
credit
• When each piece of collateral is sold by the
dealer, the loan advance against that piece of
collateral is repaid
45. Book-of-Business Financing
• Commissions from the book of business serve
as collateral
• Only for insurance agents
• Borrow 2-3 times annual renewal
commissions
• Long term loan
• Easy to qualify for,
references are needed
46. Sign and Wrap Financing
• Get financing for a graphic vehicle wrap or
commercial signage
• Loans range from $1,500-50,000
• 3-12 month terms
• 620 FICO or higher needed for approval
• Rates range from 8-12%
48. Unsecured Business Credit Cards
• Approval amounts from $10,000 to $150,000
• Business credit reporting
• Excellent personal credit with open revolving
credit, low inquires, and utilization under 30%
• Approval amounts equal to current limits
• 0-25% APR, 0% for 6-18 ,months, 9-12% fee
• Personal Guarantors are okay
49. Business Credit
• No personal credit check or guarantee… in most cases
• No cash flow or collateral requirements
• Reports to business bureaus linked to your EIN
• Immediate vendor approval, 30-90 days for
store credit, 120-180 days for cash credit
• Cash credit limits can exceed $30,000
• Great “catch all” for those who don’t have a
strength such as cash flow, collateral, or
credit
50. Contact Us Today to Learn More About…
How to Get Business Loans…
Even with Bad Credit,
No Collateral, or No Cash Flow