Would you like to quickly and easily get a small business loan well I'm about to reveal
to you everything you need to know to get a small business loan with a low interest rate great term
and very affordable payment I'm going to actually show you over 10
types of small business loans you can get right now we're going to talk about small business
loans you can get as a startup or even as a new business if you don't have cash flow to verify
we're going to talk about how to get small business loans even if you don't have good credit
even if you don't have collateral we're going to talk about small business loans you can get with
really really really good terms including SBA loans I'm going to show you how to get small
business loans even if you're high risk even if you've been denied and you've tried to get
approved before but haven't been able to secure the funding you need and I'm going to sprinkle
in some of my best tips and tactics along the way to get the most money at the best rooms and after
you stay to the end of this training I'm going to get you access to our funding vault of over 27 ways
to get money to grow your business we've got a lot to cover so let's dive in.
The very first step to get a small business loan is to understand the type of loans you
can get now, now I condense this and call this our 3C's cash acquisition formula because it's
just a really simple formula to know the kind of money you can get now here's how it works
lenders primarily look at one of three strengths to get you money now the more of these strengths
you have the more types of money become available but if you have even one of these
strengths you could typically get a small business loan so the first strength is cash flow if you have
consistent regular cash flow in your business that can qualify you by itself for a small business on
the second C is good credit, maybe you have good credit maybe someone around you has good credit
that could be a guarantor if that's the case then you can qualify for a small business loan and the
third C is collateral so if you have some kind of asset that could serve as collateral that can get
you financing as well if you have none of the C's well it's tougher to get money but I still
have some solutions that will work for you we're going to talk about that as well in this training.
So let's dive in and talk about the first strength good credit there's a lot of things that can work
here business credit consumer credit so let's unpack this, so when it comes to getting financing
based on credit if you have good personal credit or a guarantor has good personal credit there's a
great program out there called credit line hybrid now what I like about credit line hybrid is it's
no doc, there's no income verification so even if you don't have tax returns or bank statements
your tax returns bank statements aren't good you can still get approved so this means you
can get approved for credit line hybrid even as a start-up business you can get approved for as
much as 150,000 in credit lines with zero percent rates for 6 to 18 months so it makes it really
easy to have a very low payment on these credit lines and a lot of the credit lines report to the
business credit reporting agency so you could build business credit make your business even
more fundable while getting up to 150,000 credit lines pretty powerful program plus you could even
take the cash out of these credit lines at zero percent that's really cool as well this is why
it's one of my favorite funding programs all you need to get approved is good personal credit or a
guarantor that has some so let's say you have a family member a friend a potential investor
what's 50% of our clients do get credible at hybrid with one of those people then you can
use them as a guarantor they could be the signer you can get the credit lines they report on the
business credit report so don't even adversely affect their consumer credit and it's a nice way
to tap into people around you and that capital that they may get access to for you without
actually having to rely on them to give you cash so credit line hybrid great for startups 150,000
credit lines absolutely one of my favorite funding programs, now the second way you can get money
for a small business is to actually tap into some kind of asset that could serve as collateral and
there's a lot of different options that work here so you can use collateral-based lending to buy new
equipment or inventory or you could borrow against inventory equipment you or somebody else
may have you might have stocks bonds 401ks or IRAs you could borrow as much as 90% of the value
of stocks and bonds or 100% of the value of 401k or IRA and it doesn't have to be you could be family
member friend potential investor I say this a lot but 75% of business owners get money from family
and friends instead of relying on a family member or a friend to give you cash it's way easier to let
you leverage their stocks for example where they could still earn interest on those stocks you
get a 5% interest credit line against those stocks and everybody wins it's easier to
than relying on them to actually give you cash so maybe you or somebody else has stocks bonds
401k's, IRA's equipment inventory commercial real estate can work as an asset residential real estate
even vehicles can work as an asset if you're an insurance provider, maybe you have a book of
business or maybe you have account receivables where you let your customers pay you on terms
any of those open up funding options for you and what I like about this category of funding
is you can get really low-interest rates one to five percent your personal credit doesn't matter
and you don't need anything as collateral other than the asset you're serving up as collateral and
you can get approved without cash flow so that all is funding even credit line hybrid works for
brand new startup businesses as well as already established companies now the third C of the cash
acquisition formula of course is cash flow and you can get cash flow-based financing just because
you have consistent cash flow you don't need any assets as collateral you don't even need good
credit a lot of matter of fact a lot of lenders don't even look at personal credit quality here
and there's a lot of options that work in this bucket as well there's a merchant cash advance
where you can get approved and funded in less than 72 hours all you need to get approved is
6 months worth of actual time in business and revenue coming in if you have that they're going to
get about 3 to 6 months with your merchant statements and your bank statements and you can
get as much as 15% of whatever your annual revenue is going to be based on whatever's
deposited in your bank account with Visa and MasterCard, American Express, type of credit card
transactions. Now if you do a lot of cash deposits and checks well then you want to look at cash flow
financing, with cash flow financing you can get approved with as little as 5,000 a month in revenue
and 6 months in business and they'll actually lend you as much as 15% or whatever your annual
revenues based on everything that's deposited in your bank account including cash and checks and
again you can get this funding in less than 72 hours and personal credit doesn't even matter. There's also
a great merchant account credit line that you can get just because you have consistent revenue as
well and there's all kinds of other credit lines. So, for example, BlueVine, Fundbox, offer credit
lines where you don't even need to supply bank statements they'll actually plug right into your
bank account, do the underwriting electronically and in about 24 hours or less, you can actually get
money to fund your actual business. And also PayPal, Square, and Stripe I love them. PayPal,
Square and Stripe will lend you as little as $5,000 as much as $500,000
and they'll give you typically 30% of whatever you're processing through them now.
Plus in a lot of cases there's a set fee there's no interest rate they don't care about personal
credit. So even if you've been in business only 6 months if you accept customers payments from
PayPal from Square or Stripe that opens up even more funding options for you as well. But what
if you have more than one of the C's well if you have consistent cash flow and good credit that
opens up all kinds of lines of credit and term loans if you could supply even one year's worth
of tax returns, and if you have 3 years worth of tax returns showing your revenue and you have
good personal credit some kind of asset that could serve as collateral that unlocks SBA loans for you
and there's a lot of different kind of SBA loans out there including 7a loans which are for working
capital general purposes whether it be expansion marketing even hiring new people okay. That is a
general working capital category so you can use it for a lot of different reasons and there's loans
and credit lines up to 5 million dollars there or you could use an SBA 504 loan to like purchase
a or refinance a fixed asset, maybe utilities maybe land maybe real estate even equipment can work
for 504 SBA loans and there's even SBA microloans where you can get there lower than 5,000 or lower
than $50,000 and you could even get these as newer businesses. So the key to the 3C
cash acquisition formula is that if you only have a strength cash flow credit collateral or let's
throw in a fourth which is a co-signer or guarantor well that unlocks the ability for you to get
money for your business. If you don't have one of those C's well then you can build business credit.
Business credits where you can get high limit revolving accounts in your business name build
a business credit profile and score to open up like 6 different kinds of funding starter vendor
accounts you can get retail credit at most major retailers you can get fleet credits to
use for fuel repair maintenance of vehicles you can get cash credit like Visa cards MasterCards
auto financing places like Ford, GM, Toyota, you can even get a sixth kind of funding which is
computer leasing. So business credit opens up a lot of doors for you if you don't have any of the
C's of course if you have a couple of the C's cash flow, and credit you can get term loans lines
of credit all 3 of the C's opens up SBA loans. So there's a lot of different ways for you to get
small business loans to grow your business. Want to get approved, go to creditsuite.com/getfunding
when you go to creditsuite.com/getfunding answer a handful of
questions our funding team will give you a call and we worked over a thousand funding sources
every legitimate funding program will tell you all the loans and credit lines you can get right
now. And don't forget to give us a call for a free consultation on that consultation call we'll look
at the fundability aspects the lender's secret criteria that oftentimes may get you denied help
you fix those things to have the best chance of getting approved, we'll also pull your business
credit reports for you for free with Dun & Bradstreet, Equifax, Experian saves you about 250
bucks we'll go over those with you give you tips and tactics to build your business credit we'll
even do that funding qualification to tell you all the loans or credit lines you can get right now.
All happens on that free consultation give us a call at 877-600-2487 that's 877-600-2487
you can also schedule your consult online at creditsuite.com/consult
that's creditsuite.com/consult did you get value from this training if you
learn things you didn't know before you came here do me a favor hit the like button on this
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training which we always do of cool ways that you can get money to start and grow your business