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Link: http://www.billboardmama.com/additional-business-loans-facts-part-2-p-334.html

If Dun and Bradstreet will not provide it, how do I obtain credit information on my D&B Report?

It was found out that some business owners have problems in getting the names of creditors who have reported them as being delinquent. D&B often provides confusing and/or inaccurate information to business owners regarding information on their business credit file and refuses to release the sources of such information. But we are able to successfully obtain these pieces of information for business owners and help improve their reports simply because we have exclusive knowledge of the D&B system and credit laws. This results to more business loans approvals to you.

Why should I incorporate or form an LLC?

There are numerous benefits in incorporating or forming an LLC. This is truly useful to you when you are building business credit history under a different business entity. Sole proprietors who request for financing under their own name will find the history of the loan on their personal credit, and reduced FICO scores and loss of credit due to increased debt. Furthermore, as sole proprietors are one and the same as the business they don't have asset protection and tax advantages offered by a corporation or LLC. For a more comprehensive assessment on how this pertains to your individual financial solution, please call the office.

Do I need a Dun and Bradstreet (D&B) report to get a business loan?

Yes!, Due to the US Patriot Act and "post 9-11" legislation to avoid illegal business activity, terrorism, loan fraud and money laundering, lenders are now obliged to verify information on the business entity and principals applying for financing. Don't fret if you do not have this nor a DUNS number, however; we can always be of assistance to you so as to put you in the best possible position for financing - unlike D&B. They merely collect information on firms that they sell to outside banks and other subscribers. It's simply not in their primary concern to see you get financing and it takes expert assistance to form a high quality report before loan applications are submitted. If you submit a loan application without a " DUNS" report as it's known or one which is incorrect or adverse to your business you'll probably be declined by the lender. Once again, please call any of the GFS representatives so we can assist you in securing a business loan.

Link: http://www.billboardmama.com/additional-business-loans-facts-part-1-p-333.html

Can I be eligible for a government grant?

In reality, despite the hype of the Obama Administration grants, your chances of getting business loans from the federal government are slim. Don't fall prey to the scam artists selling "government grant kits" promising you easy money! Bear in mind that starting and expanding businesses are not given grants by the federal government. Grants from the federal government are only given to non-commercial groups and/or non-profit and educational institutions or for research and development in areas like education, medicine, scientific research and energy efficient technologies. Also, these grants are not actually free money, and usually require the recipient to match funds or combine the grant with other types of financing such as a loan! Don't be mislead by outrageous claims for "free money" - come to Global Financial Services for expert service on obtaining a business loan for your company.

How long does it take to get a business loan?

The amount of time differs based on the amount of the request, the financial strength of the business verified by the lender through Dun and Bradstreet and other major business credit reporting agencies, length of time in business, credit scores and history of the principal('s) and nature of the business. Get in touch with our office for free analysis of these factors. When all requisites are met, approval of business loans would range between several days and one week. As such, you should be careful of "dignified telemarketers" who promise you 24-hours approval from your initial point of contact. The result is usually numerous credit questions, reduced FICO scores, denial of credit by numerous lenders, and the principal becomes "blackballed" from financing in the future. Ponder on this, if things were really this easy, then everyone would have enjoyed the advantages of a loan already.

Can direct lenders guarantee me a business loan?

You need to understand that brokers aren't legally allowed to guarantee any business loan. Moreover, no direct lender that we know of will guarantee a potential principal borrower or entity a loan without first reviewing the relevant financial information. Do not ever count on any guarantee of funding from a lender until there is a formal approval of the application even if some applications may be done on a "stated or projected" revenue loan without tax returns through a streamlined application.

Defining SBA (Small Business Association) Loan

The Small Business Association (SBA) works with designated lenders known as SBA lenders to make it less difficult for a business entity to qualify for a loan or credit line. Normally, the SBA guarantees 40-50% of the amount of the loan in the event the borrower or business defaults thus making the qualification process with the lender more streamlined and faster for funding. However, be careful because not every business will qualify for an SBA loan as there are restrictions which the borrower must meet. For complete details, consult the professionals at Global Financial Services for the straight facts on how the SBA works and which loan product is best for you.