Loancater

If you have current debt or high interest payments with a different lender or credit card balances you need to pay… You can leverage a 0% interest credit card to pay all of that off. For getting cash into your bank you just need to use a payment processor like Paypal or Stripe to take your own credit card for you to get the cash. (Make sure the entity set up with the processor is set up with a different person than yourself) Then you can use the cash to make your minimum payment. For Credit cards you can do something called a balance transfer. #CreditCards #CreditScore #Financing #Options #Business #BusinessLoans #SmallBusiness #Tools

20k funded at 0% interest over 12 months for trucking company in Reno, Nevada We're currently waiting on another 50k for this client, these funds will help cover repair costs. Apply with us today at https://lnkd.in/dvvf35A6 #Funded #0Percent #Financing #BusinessLoans #Credit

How does the 0% introductory APR period work, and how long does it typically last? How does 0% Interest Credit Cards Work? Well the way it works is that the bank offers you an introductory period generally between 6-18 months to win your business. All the look at to approve you up to 150k is your credit score and 680. As long as your credit score is above 680 and you have no missing payment - you can get approved even with a new LLC.

What are the implications for my personal and business credit if I take on this loan, and how might it affect future borrowing opportunities? Whenever you take on a personal or business loan you decrease your future borrowing ability until the balance of that loan is taken back. The exception to this rule is you growing your business revenue massively or you owning assets that are untouched and you can borrow with that. This is because everytime you borrow you now have a bigger debt to fulfill and the new lender will have to go behind the original debt. So that means each new lender will be taking on greater risk.

50k at 0% interest for the first 12 month funded for sourcing business in Forest Hills, New York These funds helped the client cover expenses for marketing & expansion. Apply today at https://lnkd.in/dvvf35A6 #Funded #0Interest #Financing #SmallBusiness #BusinessFinancing

What are the top banks to apply for when you're applying for 0% interest cards? Always go to the one you're banking with first. Then, go with the top 5 choices in the image. Get the full detail in this link: https://lnkd.in/gt_VXXEg

How do lenders assess the financial stability and viability of my business beyond just credit scores and reports? Outside of just your credit score, your lenders will look at the financial strength of your business. I.E What is your EBITA, revenue, and industry you serve in. If you have high EBITA relative to your revenue that’s always a good sign. If you have revenue above 1M a month that is always a good sign. And if you service an industry that is not getting destroyed right now by the economy or regulation that’s always a good sign.

How do I get a SBA7(a) loan? The way you get a SBA loan is by applying with a lender/bank that has been licensed to issue SBA loans. The non bank SBA lenders will usually have a more relaxed & speedy process but higher rates. While the bank lenders will be stricter but can provide much more capital with better terms & rates. You’ll need to make sure you have 680+ credit, collateral, and a profitable income to cover a 1.15 global debt service coverage ratio.

How do I calculate or make sense of a loan? You can scrutinize a loan by looking ahead and seeing if you can afford the debt service coverage using this calculator: https://lnkd.in/gAuED4Yj As well as combining it with a profit calculator that we link here: https://lnkd.in/gg5u8Fzt These 2 things will help you run the math on your numbers.

Getting a cash advance as a business owner is tricky . Especially when you know you're paying 1.50 daily payments over a short period of time. You need to know your unit economics and how much you're profiting after paying off all the interest. That’s why we made the calculator: https://lnkd.in/gyVXp9J5 Use it and do your math before borrowing. \#CashAdvance \#Funding \#BusinessFinancing \#SmallBusiness \#BusinessOwners \#Wealth \#Finance