Anna Green
Anna Green voted up Nicole Adam's answer

Almost all traditional lenders require candidates to provide a written strategic business plan that describes the character of the business, target audience, character of competition, marketing strategy, and listing of likely expenses. Lenders frequently require financial models and documents such as projected income statement, balance sheet and profit statement.

Anna Green
Anna Green voted up Nicole Adam's answer

In order to ensure that the lender will get their money back in the event a business folds, many lenders require borrowers to place their valuable assets as collateral in order to get business loans. That way, if a borrower is unable to repay his or her loan, the lender can seize or sell the … Read more

Anna Green
Anna Green answered Nicole Adam's question

Yes, but in most cases any outstanding cash advance or loan balances usually need to be repaid from the proceeds of your new advance or loan. In some cases, lender will be able to provide funding without paying off existing balances depending on the loan type.

Anna Green
Anna Green voted up Nicole Adam's answer

Almost all traditional lenders require candidates to provide a written strategic business plan that describes the character of the business, target audience, character of competition, marketing strategy, and listing of likely expenses. Lenders frequently require financial models and documents such as projected income statement, balance sheet and profit statement.

Anna Green
Anna Green answered Nicole Adam's question

Getting a merchant cash advance, the application could be examined within 24 hours. Once approved, you'll typically receive funding in about a week. When you purchase the standard loan route, you might want to wait several weeks or months to get your required cash. As a result, when you really need immediate capital for the … Read more