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“Private Invitation Reveals The 6 Types of Business Loan Secret Financing You Could Get Even with Credit Issues or No Collateral…”

In fact, based on 1729+ conversations and responses I’ve got so far, I’d say this is something which has been on lots of people’s mind for a very long time, so I aim to deliver…

Dear Friend,

To be blunt…

NO ONE CARES about loan rejects, low credit scores and no collateral.

Everyone has way too many daily cash flow and debt challenges.

And we’re all getting flooded with more urgent problems every day.

You already know as a small business owner…

It’s scary and tricky to control when additional funds are required.

Wouldn’t it be great to have a crystal ball to see the future?

In the past, lending options have been very limited.

And when that unexpected surprise for more money arises…

It would’ve been from one of the big four banks would it?

You see, there are many lending options available to business owners.

Some loans provide fast, efficient and more flexible alternative to your bank.

If you’re considering applying for a business loan…

According to a recent survey of more than 1000 Australian owners of SMEs.

Published by accounting software provider CCH…

And global info services group Wolters Kluwer…

Lack of access to capital was biggest reason for small business failure…

Investing in business at key stages maximises growth and accelerate results.

And when new opportunity knocks you’re ready.

It is worth considering the options available to you right?

So let’s consider it from both traditional and non-bank lenders.

Now, this ONE question changes everything…

Is it the right time to think outside the box?

Right now, one of the top priorities for any business owner is cash flow.

And there are literally thousands of businesses across Australia thinking?

They have bad credit or no collateral…

And there is no chance of them getting a small business loan.

What are your options?

In reality, there are actually many different financing options.

As a business owner you have the power to choose.

And they could qualify even with credit challenges…

And even if they don’t have collateral.

As you already know, banks REQUIRE good credit.

And collateral to get approved for business financing.

Why do most people only go to their bank when they need money?

Simply because it’s the only place they know to go to…

Now, some of the most common business bank loans are SBA loans.

And this only account for 1.1% of all business loans.

(Department of Revenue 2013).

The reality is the big banks are NOT the suppliers of most business loans.

And even though they require good credit and collateral to qualify.

Many other alternative sources don’t.

The big banks are very conservative, as most know…

And banks commonly won’t lend to businesses.

This is because business owner has challenged credit.

And businesses don’t have collateral.

In fact, businesses can succeed even if the owner doesn’t have perfect credit .

And doesn’t have assets which can be used as collateral.

In fact, many business loans make really good sense…

And have risk low enough based on other factors.

Even if the owner doesn’t have good credit and lacks collateral.

So the question is what types of funding can you get?

And what loans can’t you get with credit issues or if you lack collateral?

Before you know where to go to get money…

If you have credit problems, you first should know where NOT to go right?

These sources might be appealing based on their offers and promotions.

Bear in mind, they will not typically lend money to you.

Especially if you have challenged personal credit…

• ✔️ SBA loans
• ✔️ Conventional bank financing
• ✔️ Private investor money
• ✔️ Unsecured financing
• ✔️ All have stringent credit requirements

Where NOT to get financing with bad credit or no collateral…

Why are SBA and other conventional bank loans are tough to qualify for?

Because the lender and SBA will evaluate ALL aspects of the business.

And will analysis the business owner as well for approval.

To get approved on all aspects of the business…

And business owner’s personal finances must be near PERFECT.

There is no question that SBA loans are tough to qualify for.

This is why according to the Small Business Lending Index…

Over 89% of business applications are denied by the big banks.

Many people think when they have bad credit or lack collateral…

A private investor is the best answer.

In reality investors typically want average or better credit of 650 scores.

In most cases much higher at 850 or more…

And they almost always want you to pledge some type of collateral.

They will also want solid financials for at least two years.

This means they’ll want to see tax returns.

Typically showing large net profits which are actually increasing over time.

Think of private money as being for SBA…

And conventional bank loans are just missing the mark.

“Unsecured” means no collateral is required for approval.

No collateral GREATLY increases a lender’s risk.

No collateral requirements usually means it’s quality of credit which determines qualification.

Any type of financing which has no collateral requirements…

And no cash flow requirements requires good credit to qualify.

Where TO go to get financing with challenged credit or no collateral…

• Revenue based financing
• Asset based financing
• Equity financing
• Crowdfunding
• Business credit
• Unsecured financing (via credit partner/personal guarantor)

These are all great funding options for any business owner.

And entrepreneur with personal credit issues or those who lack collateral.

The truth is, there is a LOT of capital out there for business owners.

You can get your hands on money even with credit issues or no collateral.

And most of it isn’t available through big banks…

And the great news is…

You can qualify for financing based on your business strengths.

As long as your business has even one strength.

The big banks require your ENTIRE business.

And including you to be near perfect to get money.

The good news is you’re about to discover…

There are a lot of other sources who will lend you money.

And even lots of money, based just on ONE strength.

So as long as you have one strength to offset your weakness…

Having bad credit or lacking collateral, you can be approved.

This is often called compensating factors…

Let’s start with cash-flow based financing.

Many businesses have already a proven concept.

And have consistently increasing sales.

Their strength is they have shown stability…

And they can effectively run a growing business.

The risk to lender is less as they are established businesses.

And they are growing.

How are sales?

Sales are the difference between an untested concept or idea.

And a real operating business.

Will your idea be well received?

Do YOU know how to operate a business?

Sales answer all these questions…

If you have consistent sales?

The next question is does the business have existing cash flow?

And is this proven by bank statements?

There are options available only requiring quick bank statement.

This is all they use to review for approval.

They won’t even need to look at your tax returns.

So even if your business shows a loss you’ll still be okay.

The next question…

Does business have over $60,000 annually received in credit card sales?

Does the business have over $120,000 annually going through bank account?

If the answer is yes?

Revenue financing or merchant advances could be perfect funding product.

And for this type of “cash flow” based financing.

You must be in business a minimum of six months.

No startup businesses can qualify…

You should have at least 6-10 monthly deposits.

Preferably more going through your bank account, not a few larger deposits.

Most advertising for “bad credit business financing” are these products.

These are short term “advances” of 6-18 months…

Mostly short term at first, such as 3-6 month terms.

And typically when half is paid down…

Lender lends more money at a longer term, such as 12-18 months.

Loan amounts typically go up to $500,000 or more…

Your actual loan amount is based on your revenue.

And usually you can get lent 8-12% of annual revenue.

This is based on your verifiable revenue per your bank statements.

For example…

A company has $300,000 in sales might get a $30,000 advance initially.

And revenue or merchant financing 500 credit scores accepted.

This is COMMON with this type of lending.

Bad credit is okay as long as you aren’t actively in trouble.

Filing for bankruptcy or have serious unresolved tax liens or judgements.

Cash flow based financing rates of 10-45% are common depending on risk.

Risk factors include:

• Type of industry
• Time in business
• Bank statement details
• Number of deposits
• Average daily balance
• NSF charges
• Amount of deposits monthly
• And credit quality…

Usually rates are higher on first advance until you “prove” yourself to lender.

No tax returns are required.

No other income docs are required.

And no collateral is required…

You won’t need to pledge any collateral to get approved.

Although typically you are be required to supply a personal guarantee.

This is required for almost all business financing without collateral.

Okay, next up is asset based financing…

Also called collateral based lending.

They lend you money based on strength of your collateral.

Since your collateral offsets lender’s risk, you can be approved with bad credit.

And still get REALLY good terms.

Business collateral might include account receivables, inventory, equipment.

Based on account receivable financing…

You can secure up to 80% of receivables within 24 hours of approval.

You must be in business for at least one year.

And receivables must be from another business.

Rates are commonly 1.25-5%.

You can also use your inventory as collateral…

This is used for financing and secure inventory financing.

The minimum inventory loan amount is $150,000.

And the general loan to value (cost) is 50%.

Inventory value would have to be $300,000 to qualify.

Rates are normally 2% monthly on outstanding loan balance.

Example is a factory or retail store…

Equipment financing, lenders undervalue equipment by possibly up to 50%.

And work with major equipment only.

Lender won’t combine lots of small equipment…

And first or last month’s payments are required to close the deal.

Loan amounts are available typically up to $2 million dollars…

Common PERSONAL collateral can qualify for collateral based lending.

This could include superannuation and stocks.

Superannuation can be used to get up to 100% financing.

And rates are usually less than 3%.

A retirement plan is created allowing for investment into the corporation.

Funds are rolled over into the new plan…

The new plan purchases stock in corporation and holds it.

The corporation is debt free and cash rich.

These are securities based lines of credit…

You can get advance for up to 70-90% value of your stocks and bonds.

Next on the list is equity financing and crowdfunding…

Equity financing exchanges a percentage of ownership for financing.

You’ve seen it on the TV shows like Shark Tank.

Personal credit is NOT an issue and you’ll not have to provide collateral.

However, equity investors are looking for a tested and proven concept.

And realistic sales really help approval.

You might find some investors to invest in a concept only or invention.

Most want to see you have an operational business.

And the business is earning money and making profits…

They expect they’re going to want a large piece of the equity.

And that is for it to be worth their time to invest.

They might want 10-60% ownership of your business.

This means they’ll be taking a large chunk of your future earnings.

Something you want to carefully consider before recruiting an investor.

There are lots of resources you can use crowdfunding for your business…

This type of funding gets money from a “crowd”…

And a lot of people instead of one big investor.

If the crowd likes your idea, they may donate money to your project.

Much of crowdfunding doesn’t need to be paid back.

And many investors are people you know.

Now, if you really look deep into crowdfunding…

You’ll find there are all types available.

Some types of crowdfunding sources do want a certain percentage of return.

Some want a percent of equity ownership.

And there are different sources and platforms for different needs.

And even unique niches or industries.

So make sure you find right crowdfunding platform for you.

Make sure of it before you actually post a project.

Business credit and unsecured credit…

Business credit is a great way to get money.

Approvals are not based on personal credit.

And no collateral is required for approval.

Business credit reports usually get started with a few vendor accounts…

These vendors initially offer credit.

New accounts create trade lines, credit profile and scores are established.

The company’s new profile and score are used to get credit.

Newly obtained credit is based on company’s credit per tax file number.

This is not based on owner’s credit score.

Personal credit doesn’t matter as credit linked to tax file number for approval.

When you use vendors to build your initial credit…

You can leave your tax file number off of the application.

And can apply for business credit based on credit cards at most retail stores.

You can get credit also like high-limit cards with MasterCard and Visa.

However, building business credit all starts with vendor accounts.

And without them, you won’t be able to start your credit profile initially.

Being able to set-up and establish a profile is key.

It allows you to get cash and store credit cards for your business.

Once you find vendors you want to apply for…

It takes about 1-3 months for accounts to report to business bureaus.

Once accounts are reported with business credit profile…

And score are then established…

This can be used for you to get store credit cards next.

Once you have about 10 payment experiences reporting.

You can start to get cash credit like Visa and MasterCard accounts.

A payment experience is reporting of an account to one business bureau.

So if an account reports to two bureaus…

It would actually count as two payment experiences.

You can get approved for vendor accounts right away.

And get credit on Net 30 terms.

Once you use those accounts they are reported.

The process takes about 30-90 days.

At that point, in only 90 days or less…

You can use newly established credit to get high-limit store credit cards.

About 30-90 days you can be approved for $5,000-10,000 limit credit cards.

And you can use them almost anywhere.

And because of this fast building and approval time…

Business credit makes a lot of sense for credit challenged business owners.

Unsecured credit requires no collateral…

Yes, it DOES require good credit.

Still if you have credit issues you can get approved…

If you have a good credit partner.

Someone who will sign as a guarantor and does have good credit.

The guarantor is then liable for business debt in case of account defaults.

Approval amounts range from $10,000 to $150,000…

Card limits are equal to what the signer has on their credit now.

These accounts do report to business bureaus in most cases.

So they also help build your business credit.

And they are NOT reported on the guarantor’s personal credit report.

Your guarantor requires excellent personal credit to qualify.

Private Invitation Summary…

What are your options?

Secured loans, most often provided by banks.

And financial service companies require some form of property as security.

This is secured against loan and repayments.

Types of security, often called collateral most likely include:

• Family home
• Business building / premises
• Car or boat (must be owned outright)
• Percentage of ownership within your business

If you were to fail in your responsibility to repay your loan.

The bank is entitled to take ownership of collateral.

This is their security in order to recoup loss incurred.

If funds raised from ownership of collateral do not cover full amount owed…

By law you are still required to pay outstanding debts…

Secured loans usually offer competitive interest rates, fees and charges.

Obviously the risk for lender is reduced by security of collateral.

It is worth nothing however, this is not always the case.

The flip side for you is risk of losing your family home.

And time it takes for bank to complete valuations…

Draw up mortgage documents etc.

Unsecured business loans…

Requirements from lenders are very different for unsecured business loans.

You are generally not required to provide any collateral.

As a result unsecured business loans are more flexible.

And also likely to come with a higher cost structure.

This is because the financier is taking on greater risk.

Unsecured business loans are assessed differently…

The criteria is both from current health and future of business.

All this is being taken into account.

Its a bigger picture rather than just focused on strength or weakness.

It is not based of businesses credit rating and previous year financials.

Is alternative or non-bank lender right for me?

Business owners should carefully review all pros and cons of loan products.

Understand it from both big banks and non-bank lenders.

That way you can find best suited finance solution for your business.

No longer are business owners restricted to only four or five bank institutions.

What would you include in your considerations:

1. ➡️ Relative costs involved
2. ➡️ Flexibility to tailor a solution
3. ➡️ Speed making your decision

Would you like to explore alternative or non-bank options…

Want to chat with a specialist in non-bank funding?

I’ve seen sharp increases in number of businesses wanting business loans.

Especially unsecured business loans in the last 12-18 months.

The speed and flexibility provides a solution which allows businesses to grow.

And supports increasing demand for cash flow and daily requirements…

It allows you to tap into specific new opportunities, deals and projects.

ALL these financial services have been rapidly increasing in demand.

Over and above what my clients can achieve via traditional banking sources.

There are business loan options, still you got to figure out the true costs.

Lenders have been established and around for a very long time.

Knowing what to look for in different loans can save you time and money.

You’ve been led to believe you have to borrow from one of the Big banks…

Perhaps you’ve never considered borrowing from an independent lender.

Truth is each option has its own strengths and drawbacks.

Banks are bigger institutions so they may be able to offer lower rates.

And banks typically offer secured funding…

On the surface it looks cheaper than unsecured funding.

You do have to understand this comes with a lot more paperwork.

And applications usually require a lot of detailed documentation.

It means submitting business plans, to a heap of other forms…

Banks use a conservative, more restrictive eligibility requirements.

And it means many small businesses can not meet the criteria.

Obviously, all this takes a lot more time to complete.

Do you have 6-8 weeks of time to wait on average?

There are also the Pros and Cons of Fintech companies…

Independent lenders are usually a lot more flexible.

And have a larger expectation for taking on risk.

The risk is also accompanied with higher fees.

This is part of the offsets and risk they’re taking on….

Independent lenders can offer unsecured small business loans.

This option is a faster and easier approval processes.

The flexibility with convenience often means a higher interest rate.

So, upfront it’s better to understand your situation and options.

Always ask about fees and total cost of loan including all fees.

There are 5 different parts of a small business loan.

Each part plays a critical role in the total, true cost of loan:

• Principal is total amount you’re borrowing
• Interest is based on interest rate multiplied by principal
• Term is length of your loan
• Repayment frequency is how often you need to make repayments
• Fees/charges are often hidden or disguised

Never have we shared behind-the-scenes success of business owners…

Businesses are already using the Easy As 1, 2, 3 system.

However, most people have no idea it even exists.

There is a phrase that confirms those who are able to think bigger…

See the bigger picture and leverage everything around them.

Are these people are the ones who experience phenomenal success.

There are actually a LOT of different viable financing options…

Even if you have challenged personal credit or lack collateral.

The key is to know where NOT to look.

And not waste your time, effort and money.

And more importantly know where TO look…

Go to places which approve you based on your strengths.

If you do have personal or business collateral as we discussed.

Why jump through hoops to get a business loan?

Do you feel you might qualify for financing right now…

1. ✅ Active ABN or ACN
2. ✅ 6+ months in business
3. ✅ $5,000+ in monthly sales

You might qualify for cash-flow based financing right now.

If you have a partner or other party who will sign as a guarantor.

You have yet another good funding option available with unsecured financing.

And even if you have no collateral…

No cash flow…

No guarantor and bad credit…

Business credit is still an easy and fast way to get your hands on money.

Does this help you get one step closer to getting money you want?

We’re here to help you build the business or company of your dreams.

So you can maximise and accelerate business results.

And this ONE action changes everything…

Click here for your private invitation to apply now for financing options…

P.S.  Your business may need capital in place in order to drive it’s success.

It could be new equipment which allows you to get:

• ➡️ More profitable contracts
• ➡️ Move to a new or bigger premises
• ➡️ Upgrade, renovate or reinvigorate business
• ➡️ Funds to carry out essential marketing
• ➡️ Advertising and promotions
• ➡️Purchase of key inventory
• ➡️ Ready to take on new opportunities (can’t afford to miss out).

Alright that’s it for today, it’s been another jam-packed session!

Remember, as long as you take action you will see results in a big way.

Private Invitation