Business Startup Loans:
How To Achieve Success In Getting Loans?

Getting approved for small business startup loans can be a daunting process!


Starting a new and profitable business venture is not an easy task, especially with increasingly limited sources of financing available.


There are many hurdles that new entrepreneurs have to go through before successfully getting a loan. Although there are lots of incentives and small business start up loans offered by lending agencies, not everyone may qualify or meet the loan lending process criteria.


Besides, one of the major hurdles in obtaining commercial loans is lack of business experience and an unproven ability to utilize credit facilities, not to mention the high amount of risk associated with any new start-up business. 


Why Is It Tough For New Companies To Obtain Business Startup Loans?

There have been many instances when small businesses have failed in their efforts to achieve success in their ventures, either due to lack of solid business ideas, incompetence in managing a business, management-related issues, or inability to match the competition in the market.


All these factors make it extremely difficult for small or start up businesses to secure loans from conventional sources of lending. However, the good news is that start up enterprises can look at alternative sources of funding through private lending agencies.

Securing Business Startup Loans Successfully For Your Enterprise

Although it’s not easy to secure loans for starting a new business venture these days, it may be possible to achieve greater success in your efforts by planning and preparing well in advance.


A solid business proposal is the key and the first step towards approaching any private lending agency for business start up loans. It is vital to conduct good research and gather information about existing competitor companies that have a similar line of business in the market and that have achieved good success.


In addition, it is important to provide good evidence to lenders about the necessity of introducing a new business, service or a product in the market that can fulfill the demands of consumers. 


The business objectives must be clear and sound to make sense to the lenders of the company’s ability to achieve potential returns in the future with sustained growth.


Even with the lack of previous experience, companies must be able to prove that with their superior level of knowledge and skills, it is possible to achieve business targets in the long term.


At the same time, the business owner must be able to convince the lender of his/her repayment capacity to avoid any loan defaults in the future. By taking these necessary steps, small enterprises bode much better in getting loan approvals from lending agencies and meet their business obligations.


Read more about business start up funding.

How To Decide On The Best Form Of Business Startup loans?

Small business start up loans are available in different forms-secured and unsecured. Secured loans seem to be the best form of loans that offer financial stability to the business, but they require some form of collateral as a guarantee.


They also need financial records evaluated, as well as backed by a good credit history. Note, however, they can take a long time to be approved by banks and they need to meet the bank’s stringent guidelines and follow the procedures laid down by them, which may difficult for many borrowers.


The process of loan approval is longer and chances of rejection are considerably higher, as compared to other private lending agencies. 


On the other hand, unsecured loans are sometimes available to obtain. Private lending agencies are more than willing to help companies in obtaining quick and immediate financial assistance with loan approval in just a few days or weeks.


Private lender funds often do not come with as stringent rules and regulations for lending as traditional banks. This helps in resolving lot of financial problems for the small enterprises to use them to meet their different business obligations. 


Business Funding Advisors offers commercial loans to a wide variety of businesses and enterprises to meet their funding requirements. With our many years of experience and expertise in this field, we can provide some of the best financing solutions to resolve all your business funding issues.


To apply for small business start up loans, scroll down to our quick loan application below.


Restaurant-Retail Loan App

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Return to Business Loans from Business Startup Loans


Business startup loans are available in:


Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

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Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

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Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

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Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

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Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

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Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

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Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

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Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

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Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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