Category: Business Loans
The Small Business Association (SBA) works in connection with
designated lenders known as SBA lenders to make it easier for a business to
qualify for a loan or credit line .
Normally the SBA ensures 40-50% of the amount of the loan in the event
the borrower or business defaults...
Despite the late night TV hype and recent Obama Administration grants
being the subject of the “rags to riches”
common man mentality, the chances
of you obtaining a business grant are slim at best! Do not fall prey to the scam artists selling...
Answer: The time
varies based on the amount of the request, the financial strength of the
business verified by the lender through Dun and Bradstreet and other major
business credit reporting agencies,
length of time in business, credit scores and history of the...
Answer: NO! No broker can guarantee any business a loan
because they are not the lender and it is illegal for them to do so. Furthermore, no direct lender that we know of
will guarantee a potential principal borrower or entity a loan without first
reviewing the pertinent...
Answer: As experts on D&B procedures we have
found that many business owners have problems finding out the names of
creditors reporting them delinquent on trade accounts. D&B often provides misleading and/or
incorrect information to business owners regarding...
Answer : The advantages of incorporation or forming an
LLC are numerous. This is especially
true regarding building business credit history under a separate business
entity. Sole proprietors who apply for
financing under their own name will find...
Answer:
Yes!, Due to the US Patriot Act
and “post 9-11” legislation to avoid illegal business activity, terrorism, loan
fraud and money laundering, lenders are now required to verify information on
the business entity and principals applying for financing....