Business Lines of Credit
Having good credit is indispensable for qualifying for a business loan. If you are seeking a business loan, contact Robin Improve Yourself Consulting and opt for their credit repair services for achieving a good credit score in a hassle-free and efficient manner. We have a team of business expert who has a business relationship and profound insight into the mechanics of good and bad credit for helping you in qualifying for business loans with a low-interest rate.
Small business lines of credit
If you are endeavoring for small business and need to qualify and get your business loan approved then follow this to do list:
Kinds of small business loans:
If you are applying for any of the following small business loans make sure that you can meet the demands of the lender in order to avoid any potential frustrations:
- Private money loan
- hard money loan
- online small-business loan
- SBA loan through a bank
Steps for qualifying for a small-business loan:
Robin Improve Yourself Consulting’s team will follow the following five steps to help you in qualifying for a small-business loan:
1. Build credit score:
Robin Improve Yourself Consulting helps you in building a good credit score and assist you in qualifying for your business loan. For lenders, a good credit score is of paramount importance and it has severe implications for the lending decisions. For instance, a good credit score, 720 or above, can save you from high-interest rate and inflations of your monthly payments.
Know the lender’s qualifications and requirements:
We cater following factors and provide you with a good credit score:
- your payment history (35% of your score)
- The amounts owed and your other debt (30%)
- The span of your credit (15%)
- Fresh credit inquiries (10%).
- Kinds of credit in use (10%)
2. Gather financial and legal documents:
We help you in gathering, in an organized manner, the following legal and financial reports for staying prepared for meeting the requirements of the lender:
- Identification proof for Residence
- Proof for Identity
- Evidence of Income
- Utility bills
- a state- or government-issued photo ID
- job history
- your debt
3. Develop a strong business plan:
Robin Improve Yourself Consulting will help you in developing a reliable and effective small business plan. We will strengthen your case in front of the lending institution with our expertise, knowledge and business relationships.