Financial Strength
Many companies qualify for financing and do not even realize it. They think because they were turned down that funds are gone and they have no hope except; to increase sales to grow their company.
That is simply not true being turn down does not mean your company does not qualify for financing it means your financials are not strong enough to support the debt.
There is a big difference between qualifying for financing and having the financial strength to support the debt. For instance: let’s just say that you credit score was poor sub 600 does that mean that your company does not qualify for financing no it means that you as a guarantor are not strong enough to support the debt with your credit, getting a transaction approved may be as simple as 3 things.
1. Find a stronger credit score to back the note
2. Put up stronger collateral
3. Place a larger than average security deposit.
Many companies qualify for financing and do not even realize it. They think because they were turned down that funds are gone and they have no hope except; to increase sales to grow their company.
That is simply not true being turn down does not mean your company does not qualify for financing it means your financials are not strong enough to support the debt.
There is a big difference between qualifying for financing and having the financial strength to support the debt. For instance: let’s just say that you credit score was poor sub 600 does that mean that your company does not qualify for financing no it means that you as a guarantor are not strong enough to support the debt with your credit, getting a transaction approved may be as simple as 3 things.
1. Find a stronger credit score to back the note
2. Put up stronger collateral
3. Place a larger than average security deposit.
If you have any questions as to how to strengthen a transaction it may be wise to call (636) 233-2782
