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09-25-2014, 02:41 PM #1
Loans or Cash Advance for New Businesses
We talk to over 400 new business owners every week with many interested in a cash loan or advance to help start their biz in the right direction, any companies here that work with new business owners and if so what are the guidelines and requirements?
Thanks in "advance" no pun intended
Bob 832-368-4880
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09-25-2014, 03:38 PM #2
define "New business Owners", because some folks think under two years is new. If you are talking start ups, then forget it, nothing can be done. We base our funding on the cash flow...and with start ups, there is no cash flow.
"Oh, but if you give me the $50K I am looking for, I will make $1 million!"....said everyone who ever started a business....
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10-01-2014, 10:09 AM #3
- Join Date
- Jan 2014
- Location
- Denver, CO
- Posts
- 90
[QUOTE=NBDC_Leads;11321]We talk to over 400 new business owners every week with many interested in a cash loan or advance to help start their biz in the right direction, any companies here that work with new business owners and if so what are the guidelines and requirements?
What do you define as a start up? You said that you're talking to business owners so it's a bit confusing.
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10-01-2014, 10:13 AM #4
Most MCA's will advance small biz owners with 3-4 months of cash flow. That being very risky, it has to make "sense," no pun intended.
Anthony Diamond
Underwriter
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