Would you like to get approved quickly and easily for a Small Business Loan well I'm
about to reveal to you how you can get a small business loan even as a startup
even if you don't have collateral even if you have credit issues or how to get phenomenal
terms on small business loans if you're a really well-established low-risk business I'm going
to show you where to go to get financing that most entrepreneurs know nothing about I'm going
to show you how to get SBA financing with terms most business owners absolutely dream of having
I'm going to show you how to get approved and qualified even if you don't think that you can
get a loan or credit line now I'm going to reveal to you over 10 ways you can get financing for your
business and along the way I'm going to sprinkle in some of my best tips to get you the most money
at the best terms and if you stayed at the end I'm going to get you access to our funding vault of
27 ways to get money for your business we have a lot to cover so let's jump in and get started.
If you're looking to get a small business loan you need to understand the 3C cash acquisition
formula, so this formula makes it really easy for you to understand exactly what it takes to get a
business loan for your company so we call this the 3C cash acquisition formula because there's
three different ways you can actually qualify for financing, the first is based on your cash flow if
your business has consistent cash flow there's a good chance you can qualify for a lot of different
cash flow funding options if you have good personal credit or even established business
credit that can qualify you for financing as well and the third C is collateral if you have an asset
that can service collateral or even if you know somebody that has an asset that could serve as
collateral that's the ticket to get financing as well, so let's dive in and talk about a lot
of different funding options, you can get based on just having consistent cash flow
there's a lot of really cool funding options you can get for your business that are just
based on you having consistent cash flow, now in a lot of cases lenders are going to
want to see your bank statements they're going to review them to make sure that
you have more money going in the bank account every month than going out that you don't have
a bunch of non-sufficient funds that you have a lot of consistent and regular deposits in
your bank you have a positive ending bank balance every single month and if you meet those criteria
well there's a good chance you can get approved for cash flow financing now the first of which
is exist that it's called cash flow financing and you can typically get approved for as much as 12%
of whatever your annual revenue is so for example if you do $200,000 a year in annual revenue well
you can get approved for about 12% of that which is about $24,000 now if you go through sources
like PayPal Square or Stripe they will look at how you actually process your transactions through
them and they'll give you as much as 30% financing or whatever you do a year so if you do $200,000 a
month in sales through your PayPal account they'll give you a 30% loan on that which is about
$60,000 so make sure that you're accepting your customer's payments through a PayPal Square or
Stripe account because they're really easy ways for you to get a small business loan now something
similar to cash flow financing is called Merchant Cash Advance and with this one, you only need to
be in business about 6 months where revenue lending you need to be in business about one year
you only need about $5,000 a month in revenue whereas cash flow financing wants you to have
about 10,000 and they're going to look at your merchant statements they're going to want to
see what you process using your credit cards from your customers VISA card MasterCard for example
and you with this type of financing again you can get about proof for about 12% of whatever
your actual annual revenue is but what's nice about merchant cash advances are these are even easier
to qualify for than cash flow financing now cash flow financing and merchant cash advances you
can get approved with no collateral and even really bad credit all you need is about 6 to 12 months
in business now yet another kind of financing is based on your collateral and that opens up
a lot of other unique funding options actually collateral or asset based loans open up more
funding options for you than any other funding category because there's so many things that can
serve as assets as you can use as collateral to get funding and what's nice about collateral based
funding is that you don't need cash flow and you don't need credit to get approved you see that's a
nice thing about this 3C's formula we talked about cash flow financing if you have cash flow
you don't need to have good credit and you don't need collateral if you have collateral
you don't need to have cash flow and you don't need to have good credit either and
these funding options work for you as a startup so what kind of assets can service collateral well
almost any kind of business or personal assets you have can absolutely work on the personal side
we look at Stocks, Bonds 401ks and IRAs you can borrow as much as 100% of the value of a 401k or
IRA with no tax penalties, you can borrow as much as 90% of the value of your stocks and
bonds still earn interest on the stocks and bonds and get a low-interest rate credit line or loan
using the 401k, Stocks, Bonds or IRA's to qualify the nice thing is that you can get approved even
if you use somebody else's Stocks, Bonds IRA and 401ks collateral so let me give you an example,
let's say I want to go to my dad and borrow money to get my business off the ground 75%
of business owners get money from family and friends to open up their business well I can
have my dad just use his stocks as collateral and get a credit line against him instead of
him physically liquidating those stocks and giving me cash, so not only is this an easier way for you
to get money but it's an easier way to get money even if you don't have the asset by using somebody
else's asset as collateral to get approved you can let your customers pay you on terms that's
called account receivables and you can qualify for account receivable financing you can get financing
specifically for the purpose of fulfilling purchase orders that you need to fill so you
don't have to use your cash flow to fulfill those purchase orders you can actually use a lot of
other kind of assets as well you can use equipment and you can actually borrow against equipment
that you already have or somebody else may already have you can get equipment financing or
leasing to buy or lease equipment you can get this even as a startup business maybe you want to buy
inventory or borrow against inventory you already have well there's credit lines and loans that work for you
you there as well there's a great company called kick further, you can access at creditsuite.com/
inventory and they'll actually crowdfund the inventory that you sell online so if you're
an Amazon business and you sold $150,000 or more already on Amazon well then you can actually
get the money you need from crowdfunding to crowdfund the inventory then you pay it back as
you sell the item so you can actually come out of pocket with no money to be able to stock your
Amazon Store, and then pay back that financing as you actually sell the items so inventory is another
great asset that you can use maybe it's commercial real estate, maybe it's residential real estate, maybe
it's commercial vehicles again there's a lot of things that can qualify for asset and collateral
based lending the one thing you have to really think about is what do you have in the business
or personally that's an asset that could serve as collateral and more than likely there's a good
funding option that could work for you using that type of asset to be able to qualify. So let's talk
about the third C, let's talk about good credit on the personal or business side and how that can
help you get money as well. The third C is credit based financing, and with credit-based financing
you don't need to have collateral and you don't need to have cash flow to get approved that means
even as a startup business with no bank statements no tax returns you're still able to get this
kind of funding, Now there's two ways you can go first of all let's talk about using good consumer
credit to qualify. This is for a program called credit line hybrid, and with credit line hybrid you
can get credit lines for up to $150,000 with 0% interest rates no-doc which means no bank
statements or tax returns are needed for approval, and you could take the cash out of these credit
lines that's right you could take the cash out of the credit lines at a 0% rate and a lot
of these credit lines report to the business credit reporting agencies not only can you get
the money you need to start and grow your business, but you also can get the money you need
to be able to build business credit at the same time and again you could tap into somebody else's credit
instead of your own, as a matter of fact, half of our clients that secure this program it's one
of the most popular funding programs that we see clients go with are using somebody else's credit
as a guarantor to qualify. So even if your credit's challenged you could tap into a family member a
friend a potential investor their personal credit quality in order to get approved. Now let's say you
don't have cash flow you're just starting your business so you don't have collateral, let's say
you don't have good credit you still want a small business loan, how do you get money well
that is where you can use business credit. Business credit's like a catch-all and I say if you
don;t have a C, create a C, and by business credit you can actually, come in and make sure your
business is fundable we've got a lot of training on our social channels that'll teach you how to do that.
Then you can come in and start with small vendor accounts like Uline and Quill and Grainger there's
many of them out there that then will give you credit and report that credit to the business credit
reporting agencies. When you have about a handful of those accounts reporting you can start to get
like all kinds of retail credit from all kinds of retailers and stores, from Sam's club and Costco
all the way to Amazon, and Walmart to Office Depot, and Staples to Lowe's and Home Depot
almost every major retailer even Nordstrom and Macy's offer this kind of corporate credit you can
also get fleet credit for fuel repair and maintenance of vehicles, and then when you have about 14
accounts reporting on your business credit reports then you can get to auto financing you can get
actual loans for cars trucks for fleets of vehicles all without a personal guarantee all without a credit
check and with 14 accounts you can also get Visa card, MasterCard which is what we call cash credit.
So there's a lot of different ways that we just talked about that you can get a small
business loan to start and grow your business. So how do you get approved well give us a call
if you give us a call at 877-600-2487 we'll get you a free business credit funding consultation,
on this consultation we'll help you pull your business credit reports with all three major
business credit reporting agencies at no cost. They charge you 249 bucks we give them to you for free
we do a fundability assessment to see all the things that are wrong with fundability that you
need to fix to get max funding and the best terms. And we do a funding qualification we tell you all
the loans and credit lines you can qualify for right now let me give you a secret a lot of people
can qualify for money right now, that don't think they can and that person might be you. So make
sure you give us a call for your consultation or you can schedule online at
creditsuite.com/consult
or you can email us info@creditsuite.com and don't forget to grab our funding vault of 27 killer ways
to get money for your business you can grab that at creditsuite.com/27ways that's
creditsuite.com/the number 2 the number 7 ways and don't forget to like
and subscribe for more training on cool ways for you to get money to start and grow your business.