5 ways for a Business Loan preparation
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Transcript of 5 ways for a Business Loan preparation
THE LIST INCLUDES:
CURRENT & PAST LOANS
INCURRED DEBTSALL BANKS & INVESTMENT ACCOUNTSCREDIT CARD ACCOUNTSSUPPORTING DOCUMENTS(tax id numbers)
Through the given summaries of
financial history of the company,
the lenders will then be able to
identify whether the company is
capable of paying back the loan.
There are dedicated financial
institutions present to help you
determine your credit score.
They even give you advices on how
you could increase your score.
Note:If a credit card score is low, it
should be prioritize and make it a
point to correct the score and be
acceptable just in time.
“If they had capital, they wouldn’t be applying
for a loan in the first place.”
This misconception always triggers the
disapproval of most creditors.
Lenders usually
accepts loans when
the potential
borrowers are the
ones who’s not
financially disabled.
They accept those who still has funds
giving them certainty that the loan
isn’t the last resort for the survival of the
company.
FINDING WAYS to mitigate any
weaknesses or risks that might deter you from gaining
loan approval is
what ultimately gets you
financing.
5 ways to prepare your company
for a business plan is brought to you by
Infinit Finance and Accounting,
an outsourced accounting company prepared to help you with your
accounting predicament.