Applying for Small Business Loans, including Unsecured Loans

Done right, applying (and receiving an approval) for small business loans, including unsecured loans, shouldn’t require a massive effort on your part.  For small businesses and home businesses alike, it’s first a matter of doing one’s homework.  Secondly, it’s finding the right resource to lend a helping hand where needed.

What’s required in the application process?  The article below provides a brief outline of what’s needed.  And in terms of the helping hand, that’s us at Accommodative Financial Solutions. We specialize in providing the know-how required for securing small business loans.  Guaranteed.

What’s need for Small Business Loans, Unsecured Loans?

Here’s a quick primer on what’s required in applying for small business loans:

Business Identity Information

Expect to supply your valid business address (including County name), business phone number, business entity structure, business Employee Identification Number (EIN) or Tax ID #.

In addition, sole proprietors will need to provide their social security number and DBA registration, if applicable.  For LLC, Subchapter S, or a General C Corporation, include your Articles of Incorporation, including date and state of incorporation.

Business Financial Information

The type of small business loans you’re applying for will determine the type and detail of the business financial information you’ll need to provide.  Applications for unsecured loans will require different documentation than a working capital loan, for instance.  But, in general, expect to be asked for your stated or documented income for the current and previous years.  This includes business gross sales, current year business net income; earnings before Depreciation and amortization (EBIDA), and your profit and loss statements. (This is wall street jargon for stating waht your profits were before all of your write-offs. Most lenders take that into consideration to see if your comapny has the financial revenue stream to repay the loan or line of credit). For example, if your company made $300K, ut then you wrote off your depreciation, amortization, interest deductions, etc... and then showed a loss to the IRS, there was still oney there to repay the loan and that is EXACTLY waht the lender wants to know. If your earnings after your write offs are zero, and you didn't have to pay taxes, many lenders understand that and they will still loan you money! (Unfortunately, some won't). However,that's where our consulting helps you get funded as we do our best to match you up to those lenders that will allow for EBIDA as the basis for establishing the amount that you can qualify for. We know who those lenders are, so if you actually make a profit, but on the books you don't show a profit, there are sophisticated lenders willing to loan to you if you have great personal credit with stated income as the basis for repayment!

Of course, you’ll need your credit report to prove your positive credit rating for virtually all small business loans and unsecured loans.  If you don’t have a copy of your own credit report, when you pre qualify through Accommodative Financial Solutions, you can authorize us to pull one for you.  In all instances, be sure to differentiate your personal credit account from your business accounts.

You’ll need details of your business assets, including “Hard Assets” such as Real Estate, production equipment and machinery, inventory, office equipment, vehicles, and the like.  These details include make, model number, age, and approximate value of each asset.  “Liquid Assets” include current accounts receivables and aging, proforma invoices, balances of company bank and checking accounts, stocks and securities owned by the company, and similar financial instruments. 

Business Liabilities information you’ll need to document includes accounts and notes payable, mortgage or rent payments, revolving debt monthly payments, business credit card minimums, leases and loans, and miscellaneous monthly operating expenses.

Business Statistical Information

This category of information includes details about your own position and authority in the company, the number of employees, and type and industry SIC code of the business you’re in.

Personal Identity Information

While applying for small business loans, and especially unsecured loans, applicants must still provide personal information – primarily to verify their identification.  This category of information includes your legal name, current address, social security number, driver’s license details, date of birth and similar information.

Consult with AFS About Small Business Loans and Unsecured Loans

With no upfront fees, and a 100% Approval Guarantee, Accommodative Financial Solutions is the best loan consulting company to help you obtain small business loans and unsecured loans for small businesses and home businesses.

Unsecured loans from $10,000 to $150,000 are a specialty at AFS.  Generally, with your good credit, all that’s needed is a quick five minute application with no required collateral, and based only on your stated income and with no documents required.  Approval may be yours within 24 to 48 hours.

To apply, click here:

 

 

Applying for Small Business Loans | Choices in Small Business Funding | The Line of Credit Advantage for Small Businesses | Obtaining Unsecured Loans for Small Business | Choosing a Small Business Funding Loan Consultant | Planning for Small Business Loans

Did you know that you can obtain a Home Improvement Loan –UNSECURED?

 

·       UNSECURED HOME IMPROVEMENT LOANS.

·         UNSECURED LINE OF CREDIT for Home Remodeling.

·         $10K - $150K to Improve Your House based on your good credit.

·         $10K - $150K in a personal loan based on your ability to repay the loan.

·         $10K - $150K in a personal loan based on your ability to make the minimum payments.

No Collateral Needed – No Home Equity Needed

With Accommodative Financial Solutions on your side, an unsecured personal signature loan based on your good credit & your ability to repay is only an application away. We now which lenders offer these programs and based on your income and credit scores and other proprietary formulas, we can refer you to a lender that will lend you the resources that you need to get your home improvement project off the ground and completed.

Have the values and the dropping prices of the home in your neighborhood got you down?

Were you counting on that Home Equity Line or Loan to make home improvements?

DON’T WORRY ABOUT FINANCING ANY LONGER, WE CAN HELP YOU CAN GET IT DONE “UNSECURED” MEANING NO COLLATERAL NECESSARY!

What do you want to remodel? your kitchen, bathroom, tile floor, floors, roof, entertainment center, garage, cabinets... It doesn't matter because at AfsLoansonline we can help you find the correct lender to finance your remodeling needs. 

How Accommodative Financial Solutions can help you with your Remodeling?

Getting a loan for your remodeling can be made easy with Accommodative Financial Solutions help. Home remodeling projects are made much easier when you have the funding to do it right the first time. A home is a precious commodity and we understand that keeping your home in great shape help to maintain its value and is a very important consideration in most homeowners lives. At AfsLoansOnline we know how much you love your home and what it means to you. That’s why AFS helps you to find lenders that will be amenable to giving you an unsecured home improvement loan, without having to put your home equity up as collateral.

·         Click Here to Apply for a Home Improvement Loan ·         Click Here for home office & business, work from home, home business expansion Click Here For All Remodeling loans, Bathroom, Kitchen, Entertainment Center, Etc…

No longer do you have to put up home equity to get a loan, with AFS unsecured loan consulting services; you can gather the resources necessary to improve your home within minutes. Whether it’s a bathroom remodeling job or a kitchen makeover that your desire, Accommodative Financial Solutions is in your corner fighting to find the lenders that want to loan you home improvement money.

Some of you run businesses from your home and want a home improvement loan to expand and make a nice office in your house. Others have a home office in their living rooms and just plain need to build out. Whatever your homes needs are, AFS will help you fix your house up, beautify your home and make a old kitchen new again. All you need are the funds and at AFS we are experts in getting you unsecured financing to help you build a new office in your house.

Many individuals and families now run home businesses. It’s just part of the new information revolution. Many home businesses are run over the internet and equipment like computers, printers and even big screen monitors and televisions are a must, not to mention home telephone and residential communications equipments. At AFS we can help you get a business loan even if you are a home business. Most home businesses are profitable because you can keep your costs down while starting up, so why should you rent a big office space when you can run your business from your home office. We understand and we applaud your efforts of staying trim and going after your dreams. Go for it! That is why AFS likes to get individual and home based companies’ business expansion loans. It just makes sense to help a growing and thriving part of our economy grow even more.

Click Here to Apply for Home Business Loan

When you are in the market for a loan or a line of credit to expand your home business, give AFS a call. We can help find you a home with the financial institutions that are a perfect match for you. Since we have the experience that a home office is looking for and the experience that a home business needs, we will help your house and your home to maintain the warm family feel yet have the efficiency of an automated factory. All you need is the money to make your dream a reality and we know the banks that want to help you. Apply for a business expansion loan or a home improvement loan today!