learn how start up loans can make your business dreams a reality

LEARN HOW START UP LOANS CAN MAKE YOUR BUSINESS DREAMS A REALITY

WWW.STARTUPBUSINESSLOANS.COM

http://www.startupbusinessloans.com/

START UP BUSINESS LOANS



IF YOU ARE LIKE MANY PEOPLE, PERHAPS YOU ALSO DREAM OF BECOMING A BUSINESS OWNER.

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HAVE YOU TAKEN SOME STEPS TO MAKE IT A REALITY?



ARE YOU STILL WORKING ON YOUR SAVINGS TO FINANCE YOUR DREAM BUSINESS?



HAVE YOU CONSIDERED YOUR FINANCING OPTIONS?



THIS PRESENTATION TALKS ABOUT HOW SMALL BUSINESS LOANS CAN HELP MAKE YOUR DREAMS COME TRUE.



ABOUT SMALL BUSINESS START UP LOANS




Small business start up loans can either be









SECURED








OR








NON-SECURED





SECURED



Some people choose to apply for a secured small loan to enjoy lower interest rate.

SECURED



Some people choose to apply for a secured small loan to enjoy lower interest rate.

SECURED


However, this type of loan requires the submission of collateral so if you don’t have a valid property, you may not qualify for a secured start-up.



NON-SECURED


NON-SECURED

Unsecured business loans do not require collateral but the interest rates are much higher than secured loans.



NON-SECURED


Add to this, you must be able to show good to excellent credit history in order to get approved.



NON-SECURED


Add to this, you must be able to show good to excellent credit history in order to get approved.

Although, there are unsecured loans for bad credit, these are often limited to smaller amounts because of the risk involved.



REQUIRED DOCUMENTATIONS FOR BUSINESS LOANS





• What about the paperwork?




• What about the paperwork?

• What documents do you need to prepare to speed up the processing of your application?


1REQUIRED DOCUMENTATIONS FOR BUSINESS LOANS



Expect the need for a business plan.




Expect the need for a business plan.

Lenders want to make sure that the money they shell out will be utilized efficiently. Your business plan must CLEARLY define the nature of your business, the type of ownership, history, etc.




Submit a loan proposal for review.




Submit a loan proposal for review.

Your proposal must define the amount you want to borrow, your purpose for acquiring a loan and your preferred repayment terms.




NOTE:

Get ready to submit copies of your business licenses and permits, your previous financial sheets and tax documents (for established

businesses).



Ask a prospective lender about the prerequisites.




Ask a prospective lender about the prerequisites.

Specific requirements may vary from one lending company to another.




NOTE:

Some business loan lenders may automatically decline your application if your credit score does not meet their standards.



Check your credit report at least six months prior to submitting your application.




Check your credit report at least six months prior to submitting your application.

Thus, you can still take the necessary action to raise your score if you found that your credit history needs improvement.




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http://www.pinterest.com/startupbussloan

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START UP BUSINESS LOANS



learn how start up loans can make your business dreams a reality

Economy & Finance