We live in this world. Business owners and people in difficult situations come to us and their question is the same: “So now what?”
First? Figure out why – because it may be simpler than you think!
- Did you apply to the wrong lender?
- Were you unprepared to answer their questions?
- Did you have no idea what questions they would ask?
Lenders fall into several of many categories:
- Credit and income
- Collateral
- A combination
Lenders also stay with they are comfortable with i.e. property lenders typically won’t lend on businesses, most lenders avoid retail and restaurants, BUT there are answers to both often times.
We recently funded a consignment shop that had been turned down more times than they want to remember – until we positioned their presentation so that it matched up to a lender … and knew the right lender.
Accessing funding is part culture, part detail, and part reality check and often times it is well worth a phone call or an email to save you a lot of time and money.
Our blog is to help you understand financing, but if we can help you achieve it give us a call.
Business Funding Northeast @ 1-603-818-4778 or online @ www.businessfundingnortheast.com.
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