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Getting Funding To Expand Your Business

You realize you need to spend money on a few things to expand your business but have no idea how to get it done without new funding…. Everyone wants to know: How much money can I get, How fast can get it, and How much is it going to cost me? DOES THIS SOUND LIKE…

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Keep a Strong Relationship with Your Banker

Banks are becoming more selective when it comes to choosing businesses they will be lending money to and over other deals that they commit to. When you’re lucky enough to be graced by a bank, always remember to keep your relationship with it strong. Make it better by considering the factors on how to make…

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Things You Should Know!

If you see advertisements for Lenders Offering Extremely Low Rates, don’t be misled. Most of the time these very low rates refer to the starting rate on an adjustable rate mortgage or graduated payment mortgage. In other cases, the rate advertised may be for a balloon loan. This is a loan where the remaining balance…

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4 Insider Tips to Getting Additional Funding From The Same Lender

Securing your initial business loan infuses cash into your business and helps pave the way for growth. Hopefully, your growing company can look to the same lender for additional funding in the future. Understanding the nuances that shape the post-lending process will keep you in step with your lender and increase the odds of being…

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Funded First Interview Explains All

In this interview Rashida Mendes, owner of Funded First discusses the myths of funding and speaks to the 3 steps you need to take in order to make a proper plan that lenders will approve. Myth #1. It takes forever to get funding approval. False. Being prepared, talking to the right person, and knowing your…

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5 Tips To Get Money for Your Business & Build A Good Relationship With Lenders

Tip #1 – Using annual commercial loan reviews to establish a good lending relationship Borrowers are used to having little contact with a lender after they receive the funding that they requested. Some of the smartest businesses with a true funding strategy actually typically go against the “take the money and run” norm of the…

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Tips for What Bankers Are Looking For To Approve a Business Loan

One of the most obvious reasons commercial loans are denied is because an applicant does not meet lenders’ minimum debt service coverage ratio (DSCR) requirements. A company’s debt service coverage ratio (DSCR) refers to its capacity to cover loan payments out of their net operating revenue. It is one of the chief factors used to…

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