Sentences with phrase «stage loans for their businesses»
Technology entrepreneurs don't seek early - stage loans for their businesses, unless they are certain that business will generate cash flow to repay loan over term.
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With a budding business in his briefcase, a $ 67,000 salary as a stage technician, and a $ 3,800 car to his name, Stephen Sorensen thought he could make a case for getting a $ 4,000 loan for himself, despite a checkered credit history that included a personal bankruptcy.
For instance, if you're in the beginning stages, you may decide to use your bed and breakfast business loan to renovate your home and add bedrooms and bathrooms so it can accommodate a certain number of guests.
This is why it's particularly difficult for a very early stage start - up to find success when seeking a small business loan.
Aside from the SBA — which has a guarantee program for well - qualified startups — there aren't a lot of small business loan options for very early stage startups.
In fact, certain types of loans will require that a business maintain a balance of equity and debt (called «leverage ratio») that is appropriate for the stage of business and the industry in which it operates.
We also need to ensure there is proper funding in place for businesses at every stage of their growth - from bank loans, to export finance, to equity.
This is why it's particularly difficult for a very early stage start - up to find success when seeking a small business loan.
While a small business loan might be a challenge for the earliest stage businesses, focusing on building a strong business credit profile in the first year or two of business is a good long - term strategy.
Aside from the SBA — which has a guarantee program for well - qualified startups — there aren't a lot of small business loan options for very early stage startups.
The popular lender is a leading provider of student loans, so this capital sets the stage for increasing expansion into the student loan business.
For start - ups, you may check out this page on Start - Up Loans to see how you can get a business loan in the early stages.
Whether you're a current customer or are in the early stages of looking for small business loans and capital, we're here to help and look forward to working with you!