3 Alternative Business Loans Basics

3 Alternative Business Loans BasicsYou have been turned down by your local bank, what are you going to do? First off, get a copy of your three merge credit report, you can order one without a credit inquiry penalty at Equifax.com or Truecredit.com. Second, contact us; we are just a phone call away to provide you a free consultation regarding your alternative business loan. Before you contact any one, consider the three simple alternative business loans basics:

 1. Check Your Credit

Check your personal credit and your business credit; separate your personal credit from your business credit, don’t mix the two together.  Ex: Using your personal credit card for business expenditures. Don’t assume you can avoid personal credit when you’re applying for an alternative business loan, in most cases; it’s a requirement for the loan process. If your personal credit isn’t in tip-top shape, call us for a free consultation. If you don’t have business credit for your business, start with a business credit card; ensure that it fits into your total monthly business expenses.

 2. You have Alternatives

What is the difference between our business loans and local banks?  Local banks are considered “retail” lenders, it’s A Plus paper financing at its finest, and we don’t compete with them. If your type of business does not fit into a local bank’s criteria, select alternative business financing. Our products are not available on the retail side, our lenders are “wholesale” lenders, and they are legitimate and not fly by night. We don’t work with just one lender as you would with a local bank; we have the ability to find a solution for your business loan through our preferred lenders.  We have an array of alternative business loans like asset based lending, factoring loans, healthcare financing, purchase order financingSBA and micro business loans on the “wholesale” side. We have helped a number of doctors with our “wholesale” SBA program ; they were turned down by a “retail” local bank’s SBA.

 3. The longer You Wait, the Harder it Gets

We have a struggling economy, a fiscal cliff besides the shadow foreclosure inventory waiting to be unleashed. Question: What do you think will happen to lending? Answer: More credit restrictions and less available lending.  The sooner you organize your personal credit and business credit, the easier it will be for you to obtain an alternative business loan.

The choice is yours, you decide.

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For more information on how we can help you with credit repair and alternative business loans in Fort Lauderdale FLMiami FL and Miami Beach FL, please fill out the online contact form about your concerns or give us a call at 866.885.5131. Read what our valued clients have to say about First Pro Capital on our Testimonials page.

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