Do I Qualify?
Get pre-qualified and start planning your success story.
Capital for Business provides an alternative lending solution for those who may not be approved by banks or credit unions. I offer a unique business model and approach to lending.
To get a business loan, you need to have a few basic requirements met.
Your credit score won’t be the sole basis for my assessment of your business’s health. However, it is crucial to have a good score to prove to lenders that you can be a dependable borrower.
You must have been in business for two years prior to applying. This can pose a challenge for young startups, but they still have options.
Lenders often loan more money to businesses with higher revenues, but some may consider working with lower revenue businesses that show potential for success.
What documents do you need to provide?
01. Financial statements
Documents such as income statements, balance sheets, and cash flow statements. This information gives lenders an understanding of your business’s financial health.
03. Tax returns
Both personal and business tax returns provide proof of income and help lenders assess risk.
02. Business plan
Your business plan should clearly explain the objectives and strategies that your business will employ to achieve its goals.
This can be used to secure a loan and could include real estate, equipment, inventory, and other assets