I own a company and it is growing well. i need loan to expand my business. how could i get it ?

my company has been 2 years. i dont have guarantee. but i could give proof from my bank cash flow. i need $ 50.000.

I own a company and it is growing well. i need loan to expand my business. how could i get it ?

Well... Guarantee is always required for small business loans. Sorry, can not get away from it.

The only loans that can be obtained without your guarantee are factoring and credit cards financing. But they are expansive options.

The steps for all other loans:

Create business plan. It must include projections for at least 2 years.

No down payment required for expansion.

Make sure you have collateral. The following is the formula to calculate collateral:

Collateral = (Personal Real estate value*0.8 閳?Mortgage) + Commercial Real Estate Value * 0.8 + Equipment value *0.5 + Inventory *0.1

Make sure your credit score is 680+.

Collect all necessary financial documents:

1)Personal tax returns for the last 3 years

2)Business tax returns for the last 2 years

3)Profit And Loss statement year to date

While choosing bank, keep in mind that banks are specialized entities If you wanted Chinese food, you wouldn閳ユ獩 go to a steak house, would you? Banks are organized the same way. You will never find a bank that does all types of businesses and all types of loans.

Do your homework. Call the bank, ask for a business loan officer and describe your business type and your financial needs. Try to avoid banks that will give you a general answer: 閳ユ凡e make our credit decision on a case per case basis閳? Most likely you will waste money and most importantly your time.

Complete loan application 閳?make sure there is no arithmetical errors, mistypings and all personal financial information is correct.

Submit the complete package 閳?all documents that were requested by the loan office, in the order that was requested to the bank.

Or you can simplify your life by using business loan broker. America One Funding is very good unsecured business loan broker: http://www.AmericaOneUnsecured.com/?AID=...

Grants are not so easy to get. But you can try: www.grants.gov

Sincerely,

Marina Lando

President

Business Loan Quest

http://www.blquest.biz

I own a company and it is growing well. i need loan to expand my business. how could i get it ?

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I own a company and it is growing well. i need loan to expand my business. how could i get it ?

Go to the bank!!!

I own a company and it is growing well. i need loan to expand my business. how could i get it ?

You can get loan even upto $100000 %26amp; more... for details visit the site

I own a company and it is growing well. i need loan to expand my business. how could i get it ?

Go to the Bank of America

I own a company and it is growing well. i need loan to expand my business. how could i get it ?

go to the bank baby

I own a company and it is growing well. i need loan to expand my business. how could i get it ?

Contact your local Small Business Assn. They help hook you up with banks and show you how to go about it all

I own a company and it is growing well. i need loan to expand my business. how could i get it ?

apply for a grant or go on line for small business loans. have you tried your bank since they are aware of your cash flow? some grants you do not have to repay. small business loans you do. sometimes they want you to borrow more than you may need. do you have any wealthy relatives? otherwise you may have to borrow more and set it aside and use it to repay your loan back. make 3-6 regular payments if you borrow big then keep what you need and send the rest back. they will not know if its your business and its not their buisness as long as you pay back. www.grants.com www.freegrants.comm www.smallbuisnessloans.com or www.largebuisnessloans.com i wish you the best.

I own a company and it is growing well. i need loan to expand my business. how could i get it ?

If you are registered under Dunn%26amp;Bradstreet then you could go to the bank. Dunn%26amp;Bradstreet is the business credit bureau and they track business credit so if your business has good credit you should have no trouble getting a loan. If not you could try an angel investor. This is the reason why accountants tell business owners to save their money and not spend it right away. Because the money can be used for expanding. I am glad that your company is growing and doing well as there are a lot of businesses around today that will be long gone in five years. Good luck.