Purchasing resources for Pre-Approved Loan


Business directory to pre-approved loan information and advice.

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401k Plans

Information on 401(k) plans.

www.business.com/finance/401k-plans/
401k Rollover

Business directory to 401k rollover information and advice.

www.business.com/finance/401k-rollover/
403(b) Plans

Resources and services for 403(b) plans.

www.business.com/finance/403b-plans/
Retirement Consultants

Retirement industry advisers and consultants.

www.business.com/finance/retirement-consultants/
Retirement Plans

Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.

www.business.com/finance/retirement-plans/
401k

401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.

www.business.com/finance/401k/
401(k) Plans Key Terms

Source: /guides/401-k-plans-key-terms-33062/

Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »

401(k) Plans Industry Overview

Source: /guides/401-k-plans-industry-overview-21253/

The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »

Applying for a Pre-Approved Loan


If you are thinking of starting a business or expanding an existing venture, it is essential that you get a pre-approved loan application. Unfortunately convincing lenders to part with their money on your business dream can be a daunting process at times and a pre-approved loan consultant may be your best resource to help get the funding you need.

The problem with starting or expanding your business is that you often need money to make money. This is where prequalification can help you out. By becoming a preapproved borrower, you can get credit for your business right from the start. You can use this credit to:

1. Buy the necessary items to stock your business inventory.

2. Purchase the equipment you will need to run your company.

3. Get a preapproved mortgage to buy or expand your existing business property.

Get pre-approved loan training from local business associations

Local small business associations are a gold mine of information for potential business owners. A pre-approved loan consultant from these organizations will know the tricks of the trade and can help you work with your borrower to get the money you will need to succeed.
Small Business Administration for help with pre-approved loan processes. You may even be able to get the SBA to be a guarantor on your loan which will help with your pre-approval. The Venture Alliance offers a business fundability test which will outline how your business pitch will look to investors.

Write a top-notch business plan to help you become a pre-approved borrower

Before you can convince any lender to give you money, you will need to have a solid business plan that will show how your business will flourish and prove that you will repay the loan. Make sure that you give accurate financial statements and prove your potential as a business owner.
Baruch College's Guide to Financial Statements.

Find a bank that will give you pre-qualification for a loan

Once you've got all of your ducks in a row, its time to go out and ask for money. Look for lenders that will match your business needs and be able to give you the full funding that you require. There are several online services that will help match you to the right lender.

  • Before you get prequalification, know how much money you will need for your business. Many companies go under because they borrow too much or they don't have adequate funding from the start.
  • Make sure your personal credit is in stellar shape before you attempt to secure pre-qualification. Lenders will look at your personal financial history as a reflection of how your business will fare.