Get The Best Business Loans For 2019

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Business loans and working capital loans are excellent for any small to medium size business in need of quick money for operational expenses, payroll, and recurring bills.

Get the best rates for business loans

Banks and traditional financial institutions offer the best interest rates on business loans and working capital loans. The problem is that they are conservative, have strict guidelines, and require full documentation of business financials.

If you are short on time and need access to a business loan fast, you should work with a company like Getmoney.com. Business loans offered by GetMoney.com partners, affiliates, and lending partners are fast and straightforward.
Underwriting can provide a decision within hours, and the loan can fund in as little as two working days. Another great advantage of online lenders is the minimum required documentation.

Required documentation for online business loans

  • 3-months bank statements
  • A copy of your driver’s license
  • A copy of a voided check
  • The applicant must own 51% or more of the company
  • A home-based business must be incorporated
  • A credit score in the low 500’s is OK

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The best place to get a fast business loan

There are a lot of useful websites you can visit to inquire about business loans. It comes down to what you are comfortable with, and the level of personal attention you are looking for from the company you choose.

I don’t like sites that ask a few questions to display generic rates and fees from multiple lenders. There is no way to know if I would qualify for any of them. Some lenders require large monthly deposits, time in business, frown upon bankruptcies, and other factors that I wouldn’t know about by merely looking at generic rates.
I prefer to complete one form and receive quotes that I qualify for based on the information I’ve provided.

The business loans you can request on GetMoney.com are excellent because a borrower completes one form, and they’ll do everything from there. The request is reviewed by multiple investors that offer loans to borrowers with your credit profile. The lending partners and affiliates GetMoney.com works with only require a soft credit check, which protects your credit score. Thus, having multiple sources look at the file will not lower your credit score. Let’s get started
If the underwriters can’t process the loan with a soft credit check, the request will be shared with a business loan partners that run a hard credit check.

Working capital loans to grow your business

If you are about to expand your business and need immediate access to money for your business, a business loan will provide quick access to
capital.
Depending on what you are doing and how you plan to expand, equipment financing is an option that’s well worth considering if you are buying new equipment. Learn more

Financial products for small businesses

Business loans, any loan given to a company for business use without restrictions. It can be used to renovate, major purchase, payroll, and all other expenses a business may have.
Business lines of credit, think of this as money on demand. You’ll be approved for a specific amount which will is your business line of credit limit, and you can access it at any time.
Working capital loans are money for business use. Generally used for paying outstanding invoices, emergency repairs, covering shortages for seasonal operations, and keeping a business afloat.
Merchant cash advances are not loans but work like loans. A business owner will receive a lump sum of cash today based on projected future sales. The future revenue of a business is calculated by reviewing last three months of bank statements. They are not considered loans, because the repayment is based on a percentage of daily or weekly sales. If the sales go down, it will take longer to repay the debt and no additional costs.
Equipment financing is offered as a fixed term loan or a lease with a buyout value at the end of the contract. Since the equipment secures the loan or lease, you will receive favorable terms.

Business loans vs. P.O. financing

Every business in the B2B space will experience a cash shortage at some point. Some small businesses will experience shortages because of unpaid invoices by their clients.
A company in need of quick access to a business loan, can get a loan today in exchange for their outstanding invoices. This is known as a purchase order financing.
A loan is based on what you’ve collected in the past, not what you expect to receive. Thus, it is a bit riskier for the lenders and may carry a higher interest rate.
You can’t say one better than the other; they are just different. With GetMoney.com business loans, you only complete 1 form and they’ll check for the best options available. The same request is used for processing business loans, business lines of credit, MCA (merchant cash advances), equipment financing, working capital, and more. Learn more

Everything you need to know about VA mortgages and IRRRL

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First, let’s look at rate and term refinancing vs. cash-out refinancing.
Rate and term refinance: The goal here is to lower the interest rate and monthly mortgage payments. For VA mortgages, this is known as the Interest rate reduction refinance loan (IRRRL). Although you are not allowed to tap into your equity, you can still get money from the escrow account balance you’ll receive, and by skipping one or two mortgage payments depending on when your loan closes.

Skipping mortgage payments

If your loan funds (closes) on July 10th, you can either make the July payment or have it added to your loan balance. Since, mortgage companies bill in 30 increments, your August payment will be automatically built into the loan; and your next payment will be due in September. Which means, you skipped the July and August payments. Request a VA home loan quote

Getting your Escrow balance back

Every VA mortgage statement has a portion of your payment going towards your taxes and insurance, and the rest towards the interest and principal. The money for your taxes and insurance sits in an escrow account till your taxes and insurance premiums are due. At which point the lender will make the payment on your behalf.
With a new loan, the lender will have to set up a new escrow account and the existing (soon to be old) lender will mail you a check within 30 days.

Cash-out refinance

A cash-out refinance is for homeowners interested in taking cash out of the equity. The money is usually used to pay off high-interest debt and home-improvements. The VA cash-out refinance has guideline restrictions that are specific to VA loans and differ from regular conventional cash-out refinances. Request a cash-out home loan

How does a VA Mortgage work?

Department of Veterans Affairs (VA) assists Service members, Veterans, and eligible surviving spouses become homeowners. The loans are offered at competitive rates, without mortgage insurance for having less than 20% equity, and it often doesn’t require a down-payment.
VA mortgages are provided by private institutions, banks, and mortgage companies. A portion of the loan is guaranteed by the VA which allows the lender to offer a more favorable term on VA loans vs. traditional refinances. Request the best VA loans online
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VA Mortgage Benefits

1. VA mortgagees can borrow up to 100% of the purchase price as long as the purchase price doesn’t exceed the appraised value.
2. When requesting an IRRRL, the VA doesn’t require an appraisal.
3. A higher interest rate is OK when refinancing to a fixed rate from an adjustable rate mortgage.
4. The VA limits the fees a lender can charge. Total fees charged by the lender must be equal to or less than the total savings over 36-monts.
5. Guaranteed VA home loans will allow a higher DTI (debt to income ratio= debt/income) than conventional loans.

VA Mortgage Eligibility

To be approved for a VA mortgage, the veteran must have satisfactory credit, a valid certificate of eligibility (COE), and sufficient income. The property must be owner-occupied unless it’s a multi-unit structure. With multi-unit properties, the veteran must occupy one of the units as a primary residence. Get a quick quote on a low interest VA mortgage

VA Mortgage Costs

All veterans, excluding veterans collecting more than 10% disability, are required to pay a funding fee. The funding fee is determined based on property, type of loan, military category, down-payment if any. You can see the full breakdown of the VA fees here.
You are exempt from VA fees if:
• The veteran is receiving VA compensation for a service-related disability.
• If the veteran would be entitled to receive compensation for a service-related disability if they did not receive retirement or active duty pay.
• Surviving spouse of a Veteran who died from a service-related disability or in service.

It’s always a good idea to check with multiple sources when requesting a VA home loan. Be sure to choose a lender that is VA approved, reputable, and transparent with procedures and fees. We thank you for your service and look forward to meeting your needs. Get a VA Loan

Personal Loans vs. Personal Lines of Credit

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When you start to consider a loan or a line of credit, you must always weigh all available options before applying. To select the best personal loan or line of credit, you have to know the specifics of each offer.
Both personal loans and personal lines of credit can help in situations where you need to access to quick cash. There are however major differences in the timing and availability of funds.

What is a personal loan?

A personal loan is a fixed sum loan for a fixed period with fixed payments. Unlike specific purpose loans, such as mortgages and auto loans, there are no restrictions as to what the proceeds of a personal loan may be used for. For example, personal loans can be applied towards a luxury purchase, emergency bills, or even for consolidating debt.
Personal loans are generally unsecured loans, and the lender has no recourse in case of a default. Thus, personal loans carry a higher interest rate.
The credit requirements for online personal loans are flexible and don’t require perfect credit. All credit types are welcomed.
Personal loans fund in as little as one business day, click here to get started.

What is a personal line of credit?

A personal line of credit is similar to a credit card and sometimes referred to as money on demand. You receive a specified amount of credit that may be used all at once or partially on multiple occasions up to your credit limit.
Your repayment process begins the minute you tap into the line of credit and draw against it. Payments are based on the outstanding balance, and the credit is revolving.
As you pay down the balance, the credit becomes available. These types of loans generally require excellent credit and are offered by traditional lenders and can take weeks to process a loan.

The right choice

For quick access to funds without going through multiple layers of scrutiny, a personal loan is the right choice.
Perfect credit is not required and the process is simple with online personal loans. Request a loan, get approved and the money is directly deposited in your bank account.
The best personal loans online fund in as little as one business day.
If time is not of the essence and you have time to deal with more traditional lenders and are simply looking for the security of knowing you have access to cash in the future, a line of credit may be the right choice for you.

Can I improve my credit score with a personal loan?

Yes, you can improve your credit with an online personal loan in several ways. For example, by consolidating debt into one loan can prove positive for your credit score.
In addition to that, some lenders report to the credit bureaus which will help establish a positive credit history. Click here to get a personal loan today.
With all that said, we strongly advise against getting a loan to simply rebuild your credit. It is much wiser to pay down your existing debt and develop a sustainable financial strategy for budgeting your monthly expenditure.

How can I get a personal loan?

It’s simple.  Click right here and you’ll be directed to the personal loan page where you can request for a personal loan in 3 minutes with no obligations.

How to Get a Business Loan in Just a Few Steps

How to Get a Business Loan in a Few Steps

Access to sufficient business financing is an essential part of starting and maintaining a successful business.

How do we determine what is sufficient and what is not? Unfortunately, there is no simple formula for calculating the exact amount of money a business will require.
The only proven strategy is to estimate known expenses. For example, the number of employees required and expected salaries, rent, insurance, and everything else, including hardware that you know is necessary for the day to day operations.

As a rule of thumb, I add 10% to this figure for the unknown and unforeseen expenses that may catch you by surprise. Once you’ve come up with a number, you either have the cash or need to get the cash somehow. If you have it, great; but what if you don’t?
Fortunately, there are financing programs for start-ups that you can apply for. Do your research and be prepared to go through the stringent small business loan approval process if you decide to proceed with an SBA loan.

If you’ve been in business for more than six months and need access to funds very quickly, alternative business loans are a great option. Business loans offered through getmoney.com can fund in as little as two working days and only require three months bank statements for approval.

Here are 4 easy steps you should take before accepting a loan

1. Think about why you need a business loan

Lenders will undoubtedly put this question before you. Do you need start-up capital, have business expenses that require immediate attention, or do you need the security cushion for the unexpected?
Is your business brand new, or have you been in business for a while? If you’ve been in business for a year and you need a sense of security, a business line of credit like the ones offered by Getmoney.com could be a great choice.

If you’ve been in business for more than six months and need immediate access to money for business expenses, business loans and working capital loans are a great choice.
Easy to qualify for business loans offered through GetMoney.com are quick and straightforward. It only takes a few minutes to complete the form, and the business loan can fund in as little as two working days.
Perfect credit is not required, and some borrowers may qualify with a fico score of 520. The only documents needed are three months of bank statements and a copy of your drivers’ license. Get started with a business loan

2. Decide on the type of a loan you need

The financing you apply for has to be in line with your purpose for seeking a business loan. For example, if you need the money for a one-time nonrecurring expense, a business loan is what you must consider.
If you intend to use the cash at some point in the future and plan on paying it back quickly, go for a business line of credit.

If you are starting a new business, you look into an SBA program. Make sure you have a professional business plan and all your documents ready to go before applying for an SBA loan.
If the SBA loan doesn’t work out, consider using a low-interest credit card to get you through the early stages of your business.

3. Look for a lender whose criteria’s you meet

A small business loan can be obtained from various places such as banks, private lenders, and online lenders.

Once you decide which lender you are most comfortable with, go ahead and take a look at their qualification criteria’s and apply with the one that suits you the best.
Banks are generally a good option if you have excellent credit, collateral, and time for a lengthy approval process.

If you don’t have perfect credit, current tax fillings, and all the other stuff traditional lenders are looking for, try an online lender.
They have more flexible guidelines at competitive rates. For example, you can request a loan up to $500,000 in just minutes on Getmoney.com. Their lending partners and lending network accepts borrowers with low fico scores, bankruptcies, NSF charges, and require minimal paperwork. Business loans are offered to businesses in 750+ industries.
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4. Get organized and apply

Once you know what you want and what you qualify for, get all your documents organized and get started. Good Luck!

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The Basics of a Personal Loan

The basics of Personal Loan

Just as the name suggests, a personal loan is an unsecured loan offered based on personal credit history. The proceeds of a personal loan can be used to cover daily expenses, pay for a child’s schooling, purchasing a car, taking a vacation, and other personal expenses.
Even though alternatives to online personal loans may be available, an unsecured personal loan is often favored due to its simplicity. The other overlooked benefit of a fast online personal loan is the minimal time required to get approved. Personal loans online can fund in as little as 1 working day.

Qualifying for fast personal loans online

There are no set rules and guidelines for unsecured personal loans. Since online personal loans are usually offered by private lenders, the approval requirements fluctuate based on each lender’s specific requirements and risk tolerance.
Some online personal loan providers have an underwriting engine that focuses on income and demographics, while another lender emphasizes credit score ratings.  Thus, in our opinion, it’s best to request an online personal loan through a trusted website like GetMoney.com that works with a large network of lenders and lending partners.

The proceeds of online personal loans

The proceeds of an online personal loan are usually delivered right to the borrower’s bank account electronically.
A borrower may be able to request a check through more traditional personal loan lenders, but high tech online personal loans have to be electronically deposited.
Personal loans range from $100 to $35,000, and the interest rates are typically between 5.99% and 35%. The interest rate of an online personal loan is determined by income, credit history, bankruptcies, employment, etc.

What can I do with an online personal loan?

Once you have the cash in hand, you can do as you please. The lenders don’t set restrictions on usage.
However, it’s unwise to obtain a personal loan for unnecessary expenses. Online personal loans are a tool for covering expenses that cannot wait. Some common uses for online personal loans are:

  • Medical expenses
  • Auto repair
  • Emergency Cash
  • Rent

Before applying for a personal loan online

  • Run the numbers. Make sure you need a loan
  • Review your liabilities and make sure you can afford additional obligations.
  • Have a disciplined mind set as use the loan proceeds accordingly.

Conclusion

An online personal loan is a tool for quick access to cash.  The interest rates on unsecured personal loans tend to be higher, but if you don’t have a choice and need access to immediate cash, a fast personal loan is something to consider.
Before making the ultimate decision, request a fast personal loan online and make your decision based on actual numbers.

Pros and Cons of a Payday Loan

Ups and Downs of Payday Loans

“I’m short of money and still have two days till payday!”
Sounds familiar, right? We all go through rough patches dealing with everyday expenses in a hectic life.
A payday loan may be an enormous help during financial hardships. So instead of pulling out your hair, consider applying for a payday loan with a fast and easy form that only takes a few minutes to complete at Getmoney.com.

Payday loans (also called a payday advance, salary loan, or a cash advance) is a small short term loan based on your next expected paycheck. Despite the name, a payday loan may be granted regardless of whether repayment is linked to the borrower’s paycheck or not.
Usually, a payday loan is expected to be paid off within a few days, but it could be for up to 30 days. Payday loans are generally favored because they provide access to quick cash without the usual hurdles of a traditional personal loan.

To qualify for a payday loan, the borrower must present his or her payroll and sometimes employment records. With the increasing access to the internet, companies like GetMoney.com are getting more and more focused on their online services. The focus is on enabling borrowers to request a loan in just a few minutes on their mobile phones and desktop PCs.

What are the advantages of a payday loan?

1. FAST AND EASY PROCESS

One of the significant advantages of a payday loan is how quick the process is. There is no background check, usually no credit history review and virtually no paperwork. Just complete the online form, and you may be approved in as quick as a few minutes.

2. FAST FUNDING

After submitting the request, you could have your cash within one working day. No need to stand in long lines and wait a week for the approval process.

3. GOOD CREDIT ISN’T REQUIRED

The single most valuable advantage of a payday loan is that a payday loan may be approved regardless of your financial history.

4. NO COLLATERAL REQUIRED

Contrary to the commonly sought after secured loans, a payday loan won’t put your property in danger if you fail to pay it back in time. Lenders generally ask for a post-dated check to secure their investment.

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A payday loan may seem like the perfect remedy for your financial wounds, but it’s just like every other loan, and it has a few disadvantages that you must weigh before making a decision.

– Higher interest rates

Due to the nature of payday loans plus being unsecured and granted regardless of credit history, the lenders will charge a higher interest rate to justify the risks

– May affect credit

If you fail to pay your debt, the lender may sell your payday debt to a third-party debt collector and report you to a collection agency. The negative report will hurt your credit.

– Not a long-term solution

A payday loan is only a short term solution for emergency situations. Please don’t make irrational financial decisions that will land you in a worse position than your current state.

Secured & Unsecured Personal Loans

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What is a secured personal loan

A secured personal loan is a loan that is guaranteed by an asset. The asset is usually collateral whose value determines the loan amount and the terms of the loan (interest rate, fees, amortization period, etc.).
The more common types of secured loans are home loans, home equity lines of credit, and auto loans.
A secured personal loan lender could use anything from personal belongings such as your gold watch to more significant assets such as your house as collateral.
Secured loan lenders are exposed to a much lower default risk than lenders offering unsecured personal loans. If the borrower defaults and or falls behind on a secured loan, the lender will foreclose or repossess the collateral.

What happens if you default on on unsecured loan?

If a borrower of an unsecured loan fails to make payments, the lender will have to take a hit. This explains the higher interest rates and lower loan amounts with unsecured personal loans.

An unsecured personal loan can come in many forms, and it doesn’t have to be in cash in your bank account as offered by the personal loan lenders on Getmoney.com. For example, even your credit card is an unsecured loan.

Different forms of unsecured loans

Unsecured credit cards are offered based on your income, credit history, and employment history. If you don’t or can’t repay your credit card debt, their options are limited. They can report you to the credit agencies and make it more difficult for you to obtain financing in the future. But they don’t knock on your door asking for the sofa or the shoes you purchased.

Another form of an unsecured personal loan is a debt consolidation loan. A lender will review your credit, payment history, and debt to see if a new loan will put you the borrower in a better financial position. If yes, they will offer a debt consolidation loan. The theory behind this is that if a borrower’s overall monthly payments are lowered, the borrower will continue to make good on their obligations.

The major advantages of a debt consolidation loan to the borrower are lower payments and freed-up credit. The freed-up credit and higher available revolving credit generally tends to improve your credit score too.

Small Business Financing

Small Business Financing

Running a small business has many difficulties. Perhaps the most challenging aspect of successfully operating and managing a small business is the financing part of it.
Occasionally, you will find your business in a bind and short on cash, or presented with opportunities to expand and grow the business.
Taking advantage of business opportunities and meeting financial obligations requires access to fast cash for the business. The million-dollar question is how do you get access to fast business loans?
You have a couple of options. A. approach friends and family for a loan (I don’t recommend this). B. look for a partner. C. start looking for investors or do it the easy way, request a fast business loan online. Let’s get started

How to get a fast business loan online?

How you go about getting a fast business loan online is critical. Working with a trusted and reputable business loan lender like the ones Getmoney.com works with will significantly improve your chances of qualifying for the best business loans online.
Most traditional lenders have very strict lending guidelines. At GetMoney.com, all lenders and lending partners meet the professional standards required by GetMoney.com.
The lender’s in the GetMoney.com network offer very competitive rates with flexible guidelines. Business owner’s with bad credit can qualify for business financing.

STEP #1: ANALYZE YOURSELF AS A SMALL BUSINESS LOAN BORROWER

Before applying for a business loan, you have to review your credit, business credit, and tax filings to see how strong of a borrower you are.
If you have excellent credit (both personal and business) and show substantial income on your tax returns, you can apply for a business loan through traditional lenders like banks and credit unions.
However, if you have blemishes on your credit, or don’t show much of a profit on your tax returns, you have to consider other options such as online business loan lenders.
Online business loans can be more expensive, but they are fast and convenient.
Fast business loans online, can fund in as little as 2 working days and are not credit sensitive. Request a business loan with only a few clicks at Getmoney.com.
Forms are quick and simple to complete. One loan request will be reviewed by multiple lenders in our network for the best rate and program available. All Credit checks start with a soft pull which won’t affect credit ratings.
Required documents for fast business loan approvals on Getmoney.com are 3 bank statements and a copy of your driver’s license.

STEP #2 GET ORGANIZED

All traditional lenders require certain documents. The commonly requested documents are bank statements, tax returns, business license, rental agreements, and other documents required to determine your creditworthiness.
I recommend having all these documents organized and ready to go before applying for a loan with a traditional lender. If you request a loan through Getmoney.com, only 3 bank statements and copy of driver’s license will be required for loans under $150,000.
To help with the process, an agent will call you immediately to review your request and explain the documents.

PRESENTATION OF DOCUMENTS AND FUTURE PLANS

If you are asked for business plans and projections of estimated future growth, be sure to deliver everything professionally. Ultimately, you have to be sure the underwriter clearly understands what you are trying to do.

Start your business loan request, 3-minute form No Obligations

What Should I Consider Before Applying for a Personal Loan?

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A personal loan can be a great tool for consolidating multiple small debts into one loan, cash for starting or expanding a business, and for overcoming difficult financial situations. Before requesting a personal loan, you have to consider the following:

1. Do you really need a personal loan?

Think about the reasons you’re requesting a personal loan. If you are getting a new loan to pay off smaller loans, or for an emergency, it could be considered a good idea. But, if you are getting a loan to satisfy a spontaneous urge to buy a new toy, you’d better think twice.
Personal loans are generally good for emergencies, home improvement, auto repair, unexpected bills and sometimes vacations. Before requesting a loan, be sure you can afford the payments to avoid making a bad situation worse.
Once you are ready to request a loan, visit the Getmoney.com personal loans page and get started.

2. Do I have all  the necessary documents?

Online personal loans and unsecured personal loans and payday loans are not document-intensive. We suggest you request a loan on and if the lenders need something, they’ll ask for it.

3. Where should I request the best personal loans online?

Many institutions such as banks, online personal loan lenders, credit unions, etc. offer personal loans.
Banks and traditional lenders offer the best interest rates, but they are time-consuming and document-intensive. Which makes traditional personal loan providers a difficult choice.
Online personal loans are the easiest and least time-consuming option available. We recommend working with an established website that has been around for many years.

Basics of Getting a Business Loan

Basics of Getting a Business Loan

GUIDE TO APPLYING FOR A BUSINESS LOAN

Running a small business has many difficulties. Perhaps the most challenging aspect of successfully operating and managing a small business is the financing aspects it.
Occasionally, you may find your business in a bind and short on cash. Or you may be presented with opportunities that could help expand and grow your market share; all of which require business capital to take advantage of.

The million-dollar question is how do you get a fast business loan online? You can approach friends and family for a loan (I don’t recommend this). Put your business out there and look for an investor/partner who can bring cash to the table; or do it the easy way, apply for a business loan or a business line of credit online.

Basics of Getting a Business Loan

How you go about getting a business loan is critical. I suggest you think out of the box and take advantage of the modern tools available to borrowers. Working with business loan providers like the ones Getmoney.com works with, will significantly improve your chances of qualifying and getting approved.
Most traditional lenders have very strict lending guidelines, but the Getmoney.com lenders and lending partners accept all credit types and offer competitive rates with flexible guidelines.

STEP #1: ANALYZE YOURSELF AS A BORROWER

Before applying for a loan, you have to review your credit, business credit and tax filings to see how strong of a borrower you are. If you have excellent credit (both personal and business) and show a substantial income on your tax returns, you can apply for a loan the traditional way by going to your local bank. However, if you have any blemishes on your credit or don’t show much of a net profit on your tax returns, you have to consider other options.
The other options are not necessarily worse or more expensive, they are just a new way of doing things. For example, you can request a loan up to $500,000 with a couple of clicks on Getmoney.com. They have a much quicker process, more flexible guidelines, and will require much fewer documents. If approved you will receive competitive offers for business lines of credit and business loans.

STEP #2 GET ORGANIZED

All lenders will require certain documents such as bank statements, tax returns, business licenses, rental agreements and other documents required to determine your creditworthiness as a borrower.
I recommend having all these documents organized and ready to submit before applying for a loan. If you request a loan through Getmoney.com, an agent will call you to review your request and the required documents. Having 3 months of bank statements, a copy of your driver’s license will expedite the process.

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PRESENTATION OF DOCUMENTS AND FUTURE PLANS

If you work with a traditional lender and are asked for business plans, projections, and estimates of future growth, be sure to deliver everything in a professional manner. Visual presentations with charts and graphs are great. Remember you have to make sure the underwriter clearly understands what you are trying to do and why it’s a good business decision. The clearer the better.