Many entrepreneurs enter the marketplace with high hopes for their new business venture, but sadly, they soon find out that in order to make money, you have to be generous with your cash investments. However, you may not have to rely on your savings to stay afloat. Here are three signs that you may be eligible for small business lending.
You Have Good Credit
Having good credit can secure a lot of things for you, especially more capital for your business. Most financers will be favorable to you if you can provide them with a high personal or business credit score.
Your Business Has Aged A Bit
Making it past the first year looks great on your resume, despite whether or not you have faced a bad month or two. If you can provide bank records to prove that you have received consistent revenue, you are more likely to be approved for funding.
You Can Provide Collateral
You may not have the money to keep your company’s doors open, but if you have collateral, you may be a candidate for small business lending. Any piece of property or expensive assets can be used to get you approved.
Your business needs funding, and we are here to help. Here at Rose Capital Funding, we take pride in providing smaller businesses with the necessary cash advances and capital needed to thrive in the marketplace. Offering fast approvals and low rates, we are here to relieve you of your financial worries.
