In this market there are a lot of people having trouble finding financing.  Even those with great credit are trying to find the right bank so that someone could get them some MONEY!!!!  It is SCARY OUT THERE.  However, there are solutions.  Microloans are turning out to be the new heros in this hard ecomonic climate.  There are other avenues as well that I had not even thought about until one of my clients got approved for a $45,000.00 line of credit... YESTERDAY!  ASSET BASED LENDING.  If you have credit card receipts, there are places that will fund you on that ALONE.  It is worth taking a look at.  I will be back later with more information.

We can all continue to learn together. 
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MICROLOANS 11/14/2009
 
If you think that you can not get a loan because your credit is poor or your business is new...THINK AGAIN.  President Obama recently announced that they are raising the cap on microloans so that those previously considered as non bankable are able to qualify for funding of up to $50,000.00.  The money is available for you right now...but don't go before the microloan committee unprepared.

I talked to some microfund lenders... these funders say that the leading causes of denial for a microloan are incomplete applications or a lean and/or unfinished business plan. 

Let us help you prepare to apply for your microloan so that you GET APPROVED!



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