How can I get a loan for my cleaning business?
I have been in business for a year and seven months, my revenue is under the required revenue of most loan companies that offer loans and the time in business required is two years, along with a credit score of a C or better. My personal credit score needs a lot of work. What are my financing options?
I would look for investors if I were you. Though I know that it is not easy to find them. Also, the choice depends on the sum of money you need. I faced the problem of getting a loan because of the bad credit score. As I need only $1500, I decided to take out a short term loan. I should say, here maybeloan.com helped me a lot as it provided me with the list of the loan companies near me. Maybe this source will be useful for you.
You must first set up , your business the right way. Knowing the difference between personal and Business accounts. First set up your business llc , get a business email , and phone number .Then you can use your business ein number to build credit. U can check out a net30 acc. We have information at our site. Literately a blueprint on getting funding for your business. Feel free to reach out TGflip@mail.com.
In general, you must be a prime borrower to qualify for an SBA loan. However, it's typically easier to get a loan to buy an existing business than it is to get a startup loan to get a brand new business off the ground, because lenders can see the track record of the business
you're planning to buy.