Senin, 23 Februari 2015

Business Loans In 5 Easy Steps

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Credit Score is just the tip of the iceberg, even if you have a good credit score, you will have to provide the bank with financial statements, audited tax returns, business plan, a personal guarantee or collateral and meet other regulatory requirements set forward by the financial institutions.

If you want assistance from a bank with an interest rate of six to eight percent and a term of 10 years, which is what the SBA works to ensure, then you have to meet some pretty high standards in most cases.

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You need to show loaner about your business plan, your record of financial transactions during a specified period, diagrams and charts that will improve your chance getting the quantity of money you desire.

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