So your business is up and running, you’ve made it through those trying years as a start up and now it’s time to expand. How do you know if you’re ready to ask for a loan, and how do you prepare to apply? First have a plan for the funding, and only borrow when you’re certain greater profits will result. Consult with Unsecured Finances for resources and lenders.
Prepare your business case when approaching lenders. Write a brief statement citing the specific amount requested and exactly what it’s for. Consider crowdfunding as an option as well. It’s helpful to include a thorough business valuation, the same as if you were to sell your business, which shows previous months of strong profits and projections for the months ahead. If previous months do not show strong profits, then explain how more capital would generate more income.
There are a number of times a growing business would require financing whether it’s hiring more employees, building a brick and mortar, improving an existing office or facility, launching a new product, or just preparing for a seasonal cycle, a variety of programs and lenders are ready to spend on a worthy investment. A well-thought plan and clear presentation are the keys to those valuable resources. First just be sure enough in your own rate of growth to confidently borrow.
Thinking of Starting a New Business?
Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!
Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!
Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.
Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584
