You 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 Experian or MyFico. 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. For Example: Using your personal credit card for business expenditures. If your personal credit isn’t in tip-top shape, call us for a free thorough credit 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 is at its finest, and we don’t compete with them. Not to say we don’t work with retail banks, yes we do. If you are in need of a good local lender, do not hesitate to contact us, there are no costs referring you to a local lender.
If your type of business does not fit into a local bank’s criteria, select alternative business lending. Our products are not available on the retail banking 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 do not have upfront broker fees. We have an array of alternative business loans on the “wholesale” lending side.
3. The longer You Wait, the Harder it Gets
If you have a decent business with less than perfect credit it is time to fix it. Organizing your personal credit and business credit is part of your exit strategy of refinancing out of an alternative business loan and into traditional business lending
The choice is yours, you decide.
For more information on how we can help you with alternative business loan locally in Palm Beach FL, please fill out the online contact form about your concerns or give us a call at 855.477.9007. Read what our valued clients have to say about First Pro Capital on our Testimonials page.
~ Allow our team of professionals to assist you!