Is Your Small Business Running Out of Money?

It’s never a nice feeling to see more money leaving your business’ bank account than going into it. You might be having a slow month with fewer customers, or you’re not able to keep up with the costs of business ownership. Whatever the reason for your financial hardship, it can be worth checking out some options to help improve your situation. Here are some of the most popular ones below. 

1. Reduce Your Own Pay

Taking a smaller wage can be a short-term fix to keep as much money in your business bank account as possible. If you find yourself personally short of funds as a result, there’s always the option of quick small loans. You can apply for these small loans online, then pay them back with manageable repayment terms. While they are not a long-term solution, they can allow you to manage your personal costs while waiting until it’s feasible to draw more money from your business. 

2. Raise Your Rates

If it has been a long time since you visited your pricing structure, now might be the ideal time to do so. Think about the value you provide, what your competition is doing, and how much profit is being made through your current pricing model. However, it’s essential to approach this change with caution. Make sure you give your loyal customers plenty of warning and consider gradual price changes rather than significant ones. 

3. Cut Business Costs

After using a budget planner, you may have discovered there are plenty of ways to cut costs in your business. Put these cost-cutting measures into action as soon as possible. Consider options like putting the café-style coffee machine out of action, choosing cheaper stationery, and canceling software subscriptions you no longer require. 

4. Change Your Payment Schedule

Personal finance options like payday loans are ideal for when you want to take less out of the business to cover your bills but don’t want to end up with less in your personal bank account. Another way to keep as much money in your business as possible is by shortening the payment window your customers have. Many businesses allow 90 days for invoice payment. However, by shortening that down to 30 days or less, you may be able to enjoy a continuous income stream. 

5. Apply For a Business Loan

Our favorite thing to do is help business owners to get as much funding as they can to help their business. All clients go through a discovery process with one of our trained staff.  The discovery process is where we ask you a series of questions and give you the honest truth about your file.  Our staff will figure out all the different financing options for you.  Each client’s situation is different.  Clients are in different industries and have different credit scores, gross sales, revenue and profit margins.  They make and show different amounts of income depending on corporate structure, equity and fluctuations in cash flow.  Business funding is not a one size fits all model.  This is what our trained staff is here to determine.  Our capital comes from hundreds of different sources (Banks, wholesalers, crowdfunders, private lenders and investment groups)  and they all have different underwriting criteria.  This is why the discovery process is needed.  If you are looking to end your daily payment MCA loan or looking for a longer term flexible business financing program we just might fit your needs!

As stressful as it can be to realize your business is running out of funds, it doesn’t have to spell the end. Some of these options above may be able to put you back in a desirable financial position.

Thinking of Starting a Remote Business?

Of course there are more options, which we will share on our next blog, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step. 

It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?

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

Small Business Owners, Credit Scores and Loans

For most small business owners, the need to build and maintain a good personal credit score never goes away. Although it’s true that some lenders tend to weigh the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score to determine your business’ creditworthiness.

This can be true for businesses with a few years under their belts as well as for those early-stage businesses looking for their first business loan. Nevertheless, in addition to a good personal credit score, small business owners also need to focus on building a strong business credit profile.

Your personal credit score is really a reflection of how you handle your personal credit obligations, and there are those who suggest it isn’t relevant to how your business handles its business credit obligations. Nevertheless, many lenders consider your personal credit score as one of the data points they consider when they review your business loan application, so it’s important to understand how your score is created, how it is considered when you apply for a loan, and what you can do to improve your score.

How is Your Personal Credit Score Calculated?

The early days of credit reporting were largely made up of local merchants working together to monitor the creditworthiness of their shared customers. With the passage of the Fair Credit Reporting Act in 1970, the Federal Government enacted standards to improve the quality of credit reporting.

In 1989, the FICO Score was introduced as the formula banks and other lenders started using to evaluate the creditworthiness of a potential consumer. Your FICO score is based upon data collected by the consumer credit bureaus. The three biggest are Experian, Transunion, and Equifax. All three of the major credit bureaus use the same basic scale from 300 to 850 to rank your credit, but the scores are rarely exactly the same.

That said, the fundamental formula used to calculate your FICO score is pretty straightforward and universally used:

35% Payment History: Late payments, bankruptcy, judgments, settlements, charge offs, repossessions, and liens will all reduce your score.

30% Amounts Owed: There are several specific metrics including debt to credit limit ratio, the number of accounts with balances, the amount owed across different types of accounts, and the amount paid down on installment loans.

15% Length of Credit History: The two metrics that matter most are the average age of the accounts on your report and the age of the oldest account. Because the score is trying to predict future creditworthiness based upon past performance, the longer (or older) the file is the better.

10% Type of Credit Used: Your credit score will benefit if you can demonstrate your ability to manage different types of credit—revolving, installment, and mortgage, for example.

10% New Credit: Every new “hard” enquiry on your credit has the potential to reduce your score. Shopping rates for a mortgage, an auto loan, or student loan will not typically hurt your score, but applying for credit cards or other revolving loans could reduce your score. According to Experian, these enquiries will likely be on your report for a couple of years, but have no impact on your score after the first year.

Thinking of Starting a Remote Business?

Of course there are more options, which we will share on our next blog, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step. 

It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?

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

Get Your Business Rocking!

Get Your Business Back in the Swing of Things

It’s been quite a year (and a half), hasn’t it? While things are looking a lot more like normal than they have since 2019, there are still obstacles that every business is facing – whether they are finally reopening or just trying to bring in more business. 

Getting your business moving in 2021 requires constant evaluation, reevaluation and pushing forward. Here are 3 tips to ensure success in building up your business:

1. Building Relationships is Key

One of our favorite concepts is that you should treat your customers, potential clients and your team as you would someone with whom you hope to build a lasting, lifelong relationship.  

Sometimes, it can be as simple as making sure a customer feels heard. 2020 was a tough year for everyone; investing in relationships can look like basic listening and empathy. Indeed, studies have highlighted the vital importance of listening as a sales tool. 

When it comes to your staff, you should be thinking in the same terms. Studies show that employees who build a meaningful relationship at work have 50% increased job satisfaction, as well as greater commitment to their jobs and a stronger sense of social impact. When an employee feels valued, as if they are worth more to a company than just the revenue they bring, they will feel more invested, and this will translate significantly for your customer relationships.

2. Know Your Customer Base

With so much competition for our attention, it’s more crucial than ever to connect to customers and clients who will have a genuine interest in your products or services. It’s absolutely crucial that you identify your core demographic and focus your marketing strategy directly on them.

Yes, in an ideal world, you’d be able to appeal both to tween skaters and to seniors who shop on HSN. Sounds nice, but let’s get real here, you have to know who your bread-and-butter customers are and appeal directly to them—their hopes, dreams and pains.

As with many things in business, this begins with data. Start with internal data on past customers, and focus on creating a customer profile. This includes basic demographic information, but it’s also important to dig a little deeper, and try to map customer’s psychographics. What are their values? What are their spending attitudes? What makes them excited and what makes them tick?

3. Social Media is Your Most Powerful Marketing Resource

In case you needed reminding, social media is still one of the most important tools that you have at your disposal as a business owner, with 52% of new brand discovery happening on public social media feeds. More and more advertisers are looking to paid social media ads as their bread and butter. Annual spending on social ads is increasing every year and expected to hit over $50 billion in 2021. 

Paid social ads are the No. 4 way consumers find out about new products, trailing behind only word-of-mouth, TV ads and search engines. When you consider that 31% of 16–24 years olds are finding out about new products through paid social ads, it’s clear that younger consumers who are gaining buying power will justify even more investment in social media advertising. 

It’s not just ads that give you exposure on social media. On Instagram, 60% of users report that they have discovered a product on another person’s profile. Direct relationships with influencers will help to drive sales and business. Influencer marketing is a sure bet, with 89% of marketing professionals ranking it as a comparable or better return-on-investment than other marketing streams. 

The importance of brand visibility on social media illustrates another reason why identifying your core demographic is so important. Getting your product into the hands of people for whom it is a strong lifestyle fit or connecting with clients who will be open to sharing their experiences will create more genuine interest and exposure on social media. 

Thinking of Starting a Remote Business?

Of course there are more options, which we will share on our next blog, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step. 

It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?

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

Reopening your business is exciting, but what are the steps? Visit our latest blog: bit.ly/UFReopenBiz

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6 Creative Online Business Ideas


With so many people starting to get back up and running, now is a better time than ever to discover your next business move. While many people are looking for an online / remote alternative to schlepping into the office, we have a few business ideas that you could start streaming your dreaming into now:

Consulting

Are you an expert in a particular field? Many businesses now are looking to ramp things up by speaking with consultants to form a strategy on how to improve their business or a specific skill or trade in their industry. Consulting can be done remotely, simply by setting up a website with the information on what value you can bring to their business and how to contact you to schedule an appointment. 

Webinar Series

People are a captive audience right now, looking for ways to spend their time. Why not become an educator? With a small investment into the equipment you need to film your series, you could start making your courses now and uploading them onto the web-platform you choose. Depending on your budget, you can also hire a professional to create your website, as well as finding someone to start marketing your webinar through social media or paid online ads. If funding is what you need to get this going, we are here to help!

Freelance Writer

Even with all the closures, the world goes on and businesses still need copy written for blogs, websites, and other marketing materials. If you have the experience, you can create (or hire someone to create) a website to host your work and act as a portal for businesses to access your skills. Market yourself through social media and paid ads et voilà, you can start connecting businesses with your services today. 

Set Up an E-Commerce Site

People are bored and stuck at home, and they are still looking at ways to bide their time. Find a product that you could create from home, or even drop-ship from another facility (like T-shirts) and create a website to host the products. If you have basic web knowledge, you can use Shopify to host your products, or you can even hire someone to do all that technical work for you. Need funds to start this project? We can help!

Self Publish a Book on Amazon

Have you been dreaming of writing or publishing a book, but never had the time to invest into that project until now? Get at it, start writing that book! With so many resources online, such as Amazon, it has never been easier to get that book published. If you can launch your book and get a few hundred sales in the first week, Amazon will take over and start promoting it for you. This way you can make some real money from it. 

Become an Ad Specialist for Facebook Advertising

So many people are using Facebook ads right now, more than ever. It’s how every business is surviving this crisis. What better time to be an asset, than now? A lot of old school businesses don’t know what they’re doing when it comes to Facebook ads. Even newer companies don’t have the time it takes to learn the ins and outs so that they get the most return on their Facebook ads investment.

Consequently, they’re looking for Facebook ad specialists to step in and do it for them. Luckily, this is something you can learn fairly quickly. Once you do, you can reach out to businesses and offer to help create profitable Facebook ads.

Thinking of Starting a Remote Business?

Of course there are more options, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step. 

It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?

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 Loansare 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

Top Loans to Benefit Your Business: Start-Up


UNSECURED START UP LOANS

The unsecured start up business loan was created to give our clients the financial resources to start their own businesses without the hassle of an SBA loan.  The start up phase of any business is one of the hardest times to acquire the necessary working capital and other resources needed to make your business thrive.  Our funding solutions solve this problem for you so you can concentrate on your business.

SO WHY WORK WITH OUR COMPANY?

Its Simple.  Our consulting staff is made of ex bankers, underwriters and business financing experts.  Getting clients capital is about understanding the lending process and how you actually look to a potential banker or investor.  We are the experts in understanding the clients financial needs and the potential of them getting what they want.  Different types of funding methods are available including pubic, private, wholesale and niche lenders that work with different types of clients.  Loans, lines of credit and private funding are available for extended terms up to 7 years.

WHAT WE DO NOT OFFER?

Our financing programs are NOT MCA (Merchant Cash Advance) or factoring loans.  They are NOT daily payment loans or short term notes.  They are NOT 6 to 12 month terms.  The terms are up to 7 years with a monthly payback.  We offer long term financing for working capital, business acquisition and other startup needs.

WHAT DO WE OFFER?

Our loans and lines of credit range from $10,000 up to $500,000 and can be used for any startup purpose including business acquisition, working capital, inventory and payroll.  Preset fixed rate loans up to 7 years (varies by state) with monthly payments and no prepayment penalty.  Our funding comes from loans, lines of credit and business credit cards.  Specialty lenders and private investment groups are able to handle larger loan sizes ($200,000+) and fund what most banks won’t touch.

HOW DO I KNOW IF I QUALIFY?

Call us or apply online and one of friendly staff members will let you know.  We need at least a 650 personal credit score to apply.  A 5-10 minute phone interview is all we need to qualify you for any of our various programs.

 No assets, business plan or lengthy paperwork needed.

 Clients are pre-qualified in less then 1 hour using a soft pull credit based system.

Every type of start up business allowed.

Longer term loans up to 7 years. Varies by state.

No doc stated income loans and lines available.

Home Based Business Financing – Internet Based Business Financing – Cash Only Paid Business Financing – Bridge Startup Financing – Real Estate Flippers – Contractors – Import/Export Companies – Consultants

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

Ramping Up Your Revenue


Growing your business comes with its own exciting moments and challenges. However, it can be challenging to know how to grow and what strategies you can implement to help you do so. Many growth strategies can be placed into two categories: planning and education. In this article, I will cover these categories and will give you four effective ways to grow your business revenue through them.

Planning

Planning is like reading a recipe before you cook a meal: it will help you to get the result you want.

1. Create a Five-Year Plan

Every business needs a long-term plan when growing their revenue. Take a look at your business plan and think about where your business is at the moment and where you would like to be in the next five years. Use this plan to strategize your next moves and to plan clear goals. Based on your five-year plan, think about what you and your employees need to do during each quarter. Make sure the ideas are clear like the examples below.

Learn more about email campaigns

Promote products to people over 50

Research and buy up-to-date accounting software

Start a social media marketing campaign

After this, set regular strategy meetings with yourself and team members. Use these moments to address how close your business is to the goals you have set, and to work out which parts of your strategy need to be changed. Your goals should not change drastically but as the market evolves, allow for flexibility and adapt your plan if needed.

2. Plan for Emergencies (Like a Pandemic)

Okay, so it’s unrealistic to act as if there is going to be a pandemic every year, but businesses can plan for rocky moments. Every business needs an emergency plan because there are so many possible business emergencies. What should you do if there is a decline in the market?  How will you tackle finances without having to make employees redundant?

Plan ahead so that when something out of the blue happens you won’t be caught off-guard. Use the pandemic as a tool for the future. Here are some of the obstacles business owners have had to consider during this time:

How can we still run our business if we need to close the shop for a month?

What do we do if our supplier can’t deliver our goods as quickly as before?

How can I help my staff to work remotely and well?

Think about how the pandemic has affected you, your business, and your employees.  Note down all of your hardships and turn them into a future emergency business plan.  This means even in tough times, your plan will allow you to continue to grow your business revenue.

Education

Whether you have been in your industry for a short while or for decades there will always be something to learn. 

3. Your Target Audience

Once you have found your target audience, study them. Collect as much information about your customers as possible.  Create questions to gain a profile of them, such as:

What do they like about your business? 

Are there other interests do they have? 

What trends do they follow on social media? 

Do they read articles, books, watch videos online, or all of the above?

Which social justice campaigns mean the most to them?

Use questions like this to study your target audience. Your answers should give you an idea of which type of person buys from your business. Once you have studied your audience, use the information to think about the best ways you can sell to them.                   

4. Never Stop Learning

The world of business is constantly changing. Every year brings new and innovative ways to grow your business revenue and develop positive interactions with your customers. The question is, what do you need to study to continue in an upwards direction?

The way to reach an audience effectively keeps changing. For example, before the world had the internet at its fingers, it was fine for a business to have a simple website to gain customers. This is no longer the case. The only way to stay ahead of the game is to keep learning. In this sense, study the market. Think about what is currently going on in the world and how your customers engage with it. This could be anything from news headlines to internet trends.

There is always a new online trend.  Trends like the Until Tomorrow Challenge or the Ice Bucket Challenge are always going viral. Study the current online trends and challenges. Take a look at your customers and study how they engage with them.

Using strategies like planning for the short and long term and planning for rocky moments will help you to grow your business revenue.  Think about how you could put these strategies into place regardless of which stage your business is in, and continue to study your customers and their habits to reach them consistently. With time, effort, and effective implementation of these strategies, you can grow your business revenue effectively.

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

Top Loans to Benefit Your Business: No-Doc Loans


No-Doc Loans

NO DOC STATED INCOME BUSINESS AND START UP BUSINESS  LOANS

WHAT IS A NO DOC LOAN OR LINE OF CREDIT?

Our no doc loan is a loan based off stated income.  Stated income means your true income.  The total income you made for the year.  Checks, cash, credit cards and any other income that you made.  Since its a stated income product you will not have to prove financial documents including taxes, w2’s or pay-stubs.

WHO USES IT?

The self employed, 1099 contractors or any existing businesses that write off most or all of their taxable income or even take a loss.  Using stated income (the total income you actually make gross NOT what you show after deductions) allows you to show more income and maximize you’re working capital needs.

WHY DO I NEED THE NO DOC PRODUCT?

DO YOU WRITE OFF ALL OR MOST OF YOU’RE INCOME ON YOUR TAX RETURNS?  If you are self employed, a business owner or a 1099 contractor their is a very high probability that you will asked to verify both business and personal income taxes.  If you’re taxable income does not meet the minimum underwriting requirements (adjusted income is too low) then the loan will be turned down leaving you frustrated without the working capital needed to run you’re business.

HOW DOES A NORMAL BANK LOOK AT MY PERSONAL TAX RETURNS TO  QUALIFY ME FOR A LOAN?

They think you’re adjusted gross income (income after tax write-offs) is your income.  If you make $100,000 a year and write off $90,000 a year as business related expenses then you’re real income is only $10.000 a year or $833.33 a month.   With you’re existing monthly bills (houses, cars, credit cards, student loans etc.) you’re ability to pay them back (making $10,000 a year) is even worse.   If your tax returns make you appear on paper that you’re living off the cash flow of the business then you’re not profitable (according to the adjusted taxes) and won’t qualify for financing.

HOW DO WE QUALIFY YOU FOR FINANCING?

Simple.  We use stated income.  We don’t ask you for taxes, bank statements or a 4506t form to the IRS.  You’re income is based off what you tell us it is.  Its stated and not verified.  A 650 minimum personal credit score is needed to qualify.  Our product highlights are below.

taxes

pay stubs

bankstatements

w2

PRODUCT HIGHLIGHTS

 Income is stated instead of being proven. Taxes, W2’S or Paystubs are not required. Higher stated income means a higher loan approval.

 Clients who have had a few problems in the past (late pays, collections, charge offs) may qualify for smaller dollar amounts ($10,00 to $20,000) and go thru a probationary phase to qualify for more in the future.

 Clients that have higher debt utilization or more maxed out credit will qualify for smaller amounts ($10,000 to $15,000).

 All industries and occupations are allowed.  This includes business owners, 1099 contractors, and cash only paid clients.

 Clients with light credit or low trade lines will qualify for a limited amount of funding. (up to $35,000) until credit becomes more established.

 Our no doc loans are NOT ACH or factoring loan. Terms are up to 7 years. Loan payback is paid once a month. Not Daily.

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

Spring Clean Your Business

As 2021 has been bringing more opportunities for businesses, it also raises the question: Does your business need a “Spring Clean” to provide the best environment in this time of pandemic? Think about it in terms of not only hygiene, but in organizational efficiency. 

Company leaders can pump new life into an organization by transferring this springtime routine to the workplace. Here are 5 Spring Cleaning Principles that can help your business:

Clear out the clutter.

Think about business activities that no longer add value to your organization. If products or services have outlived market demand, sweep them out. It may be a difficult decision, but clear the clutter and focus your business energy on what will be hot in the coming quarters.

Hire some help.

If you’re committed to a thorough cleaning, you may want to call in expert help to make sure nothing is overlooked. It’s not unusual for people to hire housekeepers, tree-trimmers, landscapers and other service providers to enhance spring cleaning. In the business world, it’s a good idea to bring in an objective third party to identify organizational clutter; hire an expert who has done the same for other companies.

Repurpose things.

Martha Stewart is an entrepreneur who has made a living out of turning old hats into centerpieces and broken chairs into plant holders. Apply this type of thinking to your employees. Some of them might be happier and more useful if you thought of a different way to leverage their talents.

Dust off your mission statement.

Evaluate whether your mission and vision still match your company’s strategic goals given how much the markets have changed.

Refresh your colors.

There are dozens (seems like hundreds) of home design shows on TV, and most recommend repainting rooms to give them new appeal. Maybe your brand could use a new look to give it a fresh appeal to customers. Don’t misunderstand–a brand is more than colors, shapes and logos. It represents your company’s value proposition and the expectations customers have when they encounter your company. However, if your company has begun to serve new markets in new ways, maybe it’s time to modernize the company’s brand.

Post a “pardon the dust” sign.

Anytime you start poking around the organization to improve it, employees will get nervous, especially in today’s economy. If your purpose in auditing the business’s operations is not to trim staff, reassure employees at the beginning of the process that you are on a mission to improve efficiency, not payroll. Then roll up your sleeves.

Organizational spring cleaning may not be an annual event, but each spring can serve as a reminder to look for ways to make your organization more effective.

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

How to Handle Poor Personal Credit Scores When Applying for a Business Loan


When you come to us for a business loan, it is true that we will do everything in our power to help you get the most funding possible for you. But what happens when it all comes down to your personal credit score? This is something we see a lot of first-time business owners scratching their heads about, especially when applying for a start-up loan from us. 

So what do you need to know? Let’s take a look at how your personal credit score will affect the types of business loans you would be approved for, how much you will get, and so on. Keep in mind that our team of highly trained professionals can give you more one-on-one advice on our phone calls, and we have networks of professionals to help get your personal credit score back on track!

Credit is Important for Business Loan Approval

When you are applying for a business loan, lenders are going to take a detailed look at your credit history to determine the risk involved in providing you with financing. Your credit history shows lenders how well you manage your debts and whether you make payments on time, and it also reports how much money you have borrowed in the past and whether you have ever declared bankruptcy. These factors can tell a lender a lot about the risk they’ll take on if they offer you a loan.

How Often Do Lenders Look at Your Personal Credit Score for a Business Loan?

Most lenders will at least look at your personal credit history when determining your eligibility for a business loan. However, some lenders will put less weight in your personal score than others, which is why you shouldn’t give up on applying for a start-up loan or a business loan. If you already have an established history of good business credit, lenders may put even less weight on a lower personal credit score.

In the following circumstances, you can generally expect your personal credit to matter more for a business loan:

1. Applying for Financing With a Bank or Other Traditional Lender

Banks have strict requirements for lending and don’t have the luxury of being very flexible. On the other hand, Unsecured Finances can help your business to navigate this process to find the best options and how to prepare your application. 

2. Your Company Is a Start-Up or a Small Business

If lenders don’t have enough information to determine your creditworthiness from your business score, they will weigh your personal score more heavily. If you own a sole proprietorship or a small business with only a few employees, it may be hard for a traditional lender to see the distinction between your business’ credit history and your personal credit.

3. Low Personal Credit Score

A few older negative items on your personal credit report shouldn’t make it difficult to receive a business loan, especially if your business’ credit history is strong. However, the more negative items there are on your personal credit history, the more a lender is going to take notice and factor it into their risk assessment.

What Effects Will My Personal Credit Have on My Business?

Your credit history—both personal and business—is only one factor lenders use to evaluate your application, not the be-all and end-all of the financing process. However, credit history is an important factor, and it can have a variety of effects on your ability to acquire the financing you need. Your business and personal credit histories can affect:

  • Whether or not you get approved for a loan
  • Your options for terms and payment schedules
  • The interest rate on your loan
  • The total amount of financing that lenders are willing to provide

What if I Have a Valid Reason for Having Poor Personal Credit?

Independent financing partners have much more flexibility than banks, and they don’t have to treat an applicant’s history as nothing more than a credit score number. For example, if you have poor personal credit due to a single devastating event that does not reflect on your ability to manage your personal funds, an independent financing partner shouldn’t treat this circumstance the same as if you have a long and consistent history of making late payments or defaulting on debts.

The Bottom Line

If you are ready to apply for a business loan, give us a call and we can walk you through the process. Even if your credit score is not ideal for the funding, rates or payment schedule you would like to have access to, we can work with you and our network of professionals to provide you options that will help raise your credit score or remove inquiries on your credit report. 

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

How Inquiry Removal Helps with Credit Score


Credit scores naturally fluctuate from month to month depending on your usage, payments and transactions. For the most part, your credit score is directly tied to your actions. Occasionally there will be errors on your report that were out of your control, such as with hard inquiries and lines of credit. If you notice a sudden decline in your credit score, even if only by a few points, you may be suffering from the effect of an unwarranted credit inquiry.

What is an Inquiry?

Simply put, a credit inquiry is a credit check. Inquiries happen when there is a legally permitted request to see your credit report from a company or person. All inquiries aren’t created equal. There are 2 different types: hard and soft. Hard inquiries are ones made with your permission for specific transactions.

Will Inquiries Hurt My Credit?

A soft inquiry occurs in cases where you check your own credit or when a lender or credit card company checks your credit to preapprove you for an offer. Soft inquiries do not impact your credit scores.

Hard inquiries happen when you apply for a new loan or credit card and the lender pulls your credit reports to determine if you qualify. 

Lenders use how many times you have applied for credit to judge whether you should be approved for an extension of credit. In certain circumstances, an unapproved inquiry can be removed from your credit report by sending a credit inquiry removal letter to the credit reporting agency or by disputing it online.

How Our Company Can Help with Your Inquiry Removal

We remove unauthorized hard inquiries by using the FCRA (Fair Credit Reporting Act) laws to permanently remove these inquiries from your credit report.  These extra inquiries will lower your credit scores by 3-5 points each and if you have too many of them 6+ you will still not be eligible for financing even with a very high personal credit score.  Our service removes all unauthorized hard inquiries on all 3 credit agencies.  We charge per deletion and guarantee results of 85% + success to qualify you for funding.

Can I Remove Inquiries from Open Accounts?

No you cannot.  Inquiries that are tied to open accounts are not bad.  Only excessive inquiries NOT tied to open accounts or preexisting accounts.

Can Unsecured Finances Remove Inquiries from All Agencies?

Yes we can!  We are successful on all 3 agencies including Equifax (EFX)

Is it a Good Idea to Remove the Inquiries? 

Every inquiry on your report cost you 3-5 points on your fico score.  Removing excessive inquiries makes you eligible for funding, makes your score go up and makes you look better to get approved for future capital.

How Long Does it Take to Remove the Hard Inquiries?

Generally Experian and Transunion is the quickest within 3 weeks.  Equifax takes the longest.   Due to the coronavirus and the government fines against Equifax from the identity breach (In September 2017) the time to get inquiries deleted takes 6-12 weeks.

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