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Existing small business wants loan for expansion. Service industry.

2007-02-11 04:52:01 · 7 answers · asked by Anonymous in Business & Finance Investing

7 answers

If you have a solid record of growth and your balance sheets prove it, seek out a commercial bank lender. If a bank has confidence in your financial picture, you will have a higher probability of getting a loan because you are established and have demonstrated positive cash flow. Service companies are scrutinized more so than those with inventory, etc. Update your business plan and talk to some bankers. Service type business owners are often required to sign personally for any loan. Also, the biggest question mark in a lender's mind is "What is the worst case scenario?" Business owners tend to look at the optimal outcome and bankers look at all outcome potential and make their decision accordingly.

2007-02-11 04:59:35 · answer #1 · answered by Joseph H 4 · 0 0

If traditional loans are not an option for you and you accept credit cards at your bsuiness, then you can get a Merchant Cash Advance against your future credit card processing funds.

It is very simple to do. And easy to qualify for:

- A minimum of $2100 Visa or Mastercard sales per month
- Have been in business for at least 12 months (but you may
qualify with previous experience)
- No prior unresolved bankruptcy

For More info got to:

http://www.omnitranz.com/cashadvance

Hope that helps!

2007-02-13 16:38:41 · answer #2 · answered by Cliff P 2 · 0 0

All the business solution issues can solved by one Strategic Partner. All the issues like investments, business expansions, branding are done by the partner only. For more detail visit: http://gps-connects.com/markets/investments/

2014-08-13 01:00:06 · answer #3 · answered by Anonymous · 0 0

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2016-12-17 07:28:19 · answer #4 · answered by zell 4 · 0 0

Apply to you bank where you have your business account. After 1 year of opening your account they can give you upto 50k without any documentation and it is an unsecured loan. Make sure that you have not been overdrawn or have any checks bouncing on you account.

Your welcome.

2007-02-11 04:55:51 · answer #5 · answered by Akbar B 6 · 0 0

Do you realy need invesment? Myviews changed after reading this freebook.

goo.gl/ccSsfU

2015-10-05 03:23:45 · answer #6 · answered by Anonymous · 0 0

How much do you need?

2007-02-12 05:53:35 · answer #7 · answered by Anonymous · 0 1

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