Small Business Loan – Videos

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How To Obtain Business Capital | (855)330-5656)

https://precisionbusinessloans.com/ | (855)330-5656)

How To Obtain Business Capital

When an entrepreneur wants to start up their own company or grow the one that they have, there must be a way for them
to obtain business capital. What is business capital? Basically, it’s the financial backing necessary to get their start-up off the ground or provide fertilizer to one that’s already sprouted. Here are some ideas:

Small Business Administration: The S.B.A. is a government agency that backs the funding of small business loans. There are a variety of loan products available through the S.B.A., including those for women-owned businesses, minority-owned businesses, and those for expansion of small companies. In order to qualify for these funds, the owner must have established the 3 C’s which are character, capacity, and collateral. Character means that the person has a good reputation, pays his or her bills on time, and has a clean criminal record. Capacity means that this is a viable business capable of paying back the money. Collateral refers to the assets, such as the owner’s home or land that are being put up as a guarantee for the loan.

Private loans through a bank: This is another way to obtain cash however it is usually at a higher interest rate than those backed by the S.B.A. If an entrepreneur has never owned a business, they may have to take a personal loan until they have a proven track record as an owner.

Credit card advances: This is never a good long-term solution but can cover short-term financial needs.

Sale of assets: If a new company is a great idea, the owner may want to sell off some of his or her own assets, such as real estate and vehicles in order to come up with the capital.
Savings accounts: Saving money while working at another job is a great way to come up with start-up funds. The potential business plan can be polished and refined as the cash accumulates.

Private Lenders

Do you need a business loan or a line of credit? Don’t wait! Visit us now at
PrecisionBusinessLoans.com for the very best in options and NO application fees. We’re typically able to get our customers approved within just one day and funded within five days. Our approval rating is above 95%. Visit PrecisionBusinessLoans.com today!

https://precisionbusinessloans.com/ | (855)330-5656)

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