COMMERCIAL LOANS

Below you will find some information that should be general enough for all of the different types of credit. To get specific information about the avenues open to you as a small business owner follow the links at the end.

Credit is the lifeblood of American business, especially for the smaller firm. It helps an entrepreneur get started, purchase equipment, build inventory, develop new lines of merchandise or expand. Credit helps businesses grow.

Surveys have found that, aside from personal savings, banks are the major source of capital for starting new firms. According to a report by the National Federation of Independent Business, 85% of loans to operating small businesses come from banks.

If your small business needs financing, you need to begin preparing long before you enter the bank. By knowing what lenders are looking for, you can speed lender consideration of your application.

By presenting your case in the best possible light, you enhance your chances of getting the financing you need. Remembering this basic rule may save you time and effort when seeking bank financing for your business. Here are basic guidelines

The first thing you need to know is narrow down your request by answering the following questions:

1. How much do you need?

2. What are you going to use the proceeds of the loan for, and for how long?

3. How are you going to repay the loan, and under what terms?

4. Who is going to borrow the money? Is it going to be you personally or other legal entity such as a corporation or a partnership?

5. What assets can you pledge to secure your loan, which would make your loan officer sleep soundly at night, if he decides to approve your loan?

The Groundwork- MarcelConcepts

In seeking a loan for your firm, We essentially ask the you to become our business partner. Before entering the market for a loan, we do all necessary groundwork.

What shape is your business in? Remember, loans are the products that banks sell. Look for the best combination of price, quality and reputation of supplier. In the end, getting a loan depends upon your credit-worthiness. This is our specialty.

We have all the resources to fund all types of loans...Apartment Complexes, Car Washes, Churches, Factories and New Home Deveolpment. Contact me today and we will work together
to meet your goals.