Due to the state of the economy and the stiff lending market, lenders are more selective than ever when assessing a business for a line of credit. Today, working capital is harder to come by - so businesses are compelled to make use of their personal assets to keep their doors open for possible funding.
This then calls for your business to be properly prepared before applying for a business line of credit or line - and we at Global Financial Services can help you on this. We offer secured as well as unsecured working capital loans and lines of credit which vary depending on the qualifications of the principal such as his credit, length of time in business, business revenues, and Dun and Bradstreet (D&B) business credit history. As an added service, we can give you an introductory consultation and customized proposal for free (through the phone). Also, we are experts in having your business pre-qualified by ensuring that the following conditions are ready for loan processing.
a) The business profile lenders of Dun and Bradstreet depend on the details on the D&B report when extending credit to principals. Since we are experts in the preparation of this type of report, we can effortlessly update your current report or make it from scratch.
b) Credit of the Principal(s) - Once again, because of the present state of the economy, lenders have become stricter in evaluating the principal of the business and his/her credit history. If you have shaky credit, do not expect to be considered for a business line of credit. Our ability to give you valuable information on repair and credit FICO score improvement and our detailed credit analysis on the principal will truly help you in making your application for financing successful.
c) Our relationship with lenders - Why waste money and energy going to your local bank, talking with a loan officer who has little if any knowledge of your business and bank underwriting requisites. Our exclusive analysis of your business type, qualifications, and needs, including our long term relationships and knowledge of several lenders line of credit requisites provide you with the flexibility and ability to obtain a better financing program more quickly that's suited to your business needs and qualifications.
d) Expertise in the Business and in Financing - Here at Global Financial Services, it's not our business to simply push paper and submit applications. Every client's individual business needs as well as long term business and financial planning are incorporated into our recommendations for financing. Our expert staff has over 50 years of financing and business experience and provides only tailored fit solutions for your business line of credit and other financing options available which separates (due to the US Patriot Act and post 9-11 legislation) us from the loan processors and dignified telemarketers who simply take a loan application from you.
e) Business Restructuring - More often than not, business restructuring is needed particularly when the principal's personal credit is poor; a guarantor who has a solid personal credit will be required before a business line of credit or loan will be approved. At Global Financial Services, we have updated and complete information of corporations and LLCs in all 50 states. This allows your business to successfully acquire financing via a qualified loan guarantor when we successfully restructure your business. Other benefits of rebuilding the personal credit of the original principal are: asset protection, limited liability and building credit under a corporation or LLC, among others.
For your questions, you can either contact us at 310-860-7510 , 8AM-5PM Pacific Time, or come up with an online profile on our website, www.gfsbusiness.com.
This article was added on Tuesday 03 November, 2009.
