How to Get a Small Business Loan for a Startup - PowerPoint PPT Presentation

About This Presentation
Title:

How to Get a Small Business Loan for a Startup

Description:

Improve and update your credit score: If you need a business loan, your personal credit score and credit details will come into play. How good are you with your finances? Have you always paid your bills on time, or were you casually missing the due dates? Well, the answer will be represented by the credit score that you get. Visit : – PowerPoint PPT presentation

Number of Views:18
Slides: 10
Provided by: ajaysingh89
Category: Other

less

Transcript and Presenter's Notes

Title: How to Get a Small Business Loan for a Startup


1
How to Get a Small Business Loan for a Startup

2
Here are some factors lenders take into
consideration before granting business loans
  • What stops your idea from boom and development?
    It might be the fund issue! A budding
    entrepreneur always faces the crisis of capital
    for his business, and he can overcome it with a
    small business loan. A business loan is there in
    the market to help small and growing
    entrepreneurs to come up with new advancements
    and development. Without capital, a business will
    not be able to sustain and grow.

3
Credit record
  • Improve and update your credit score If you need
    a business loan, your personal credit score and
    credit details will come into play. How good are
    you with your finances? Have you always paid your
    bills on time, or were you casually missing the
    due dates? Well, the answer will be represented
    by the credit score that you get. This score
    makes your loan approval easy or gets a
    rejection. Make sure if you are planning for a
    business loan, you keep your score and report
    updated.

4
Business income
  • Is your business generating income? Are you going
    through loss or profit in your business? This
    factor is important in determining that whether
    you will get a loan or not. Make sure you are
    showing your cash flow statement with low risk
    and more profits, only then can you convince your
    loan provider. No financial organization will
    invest in a business that is already at risk.

5
Have a concrete business plan
  • As an entrepreneur, you should set achievements
    and objectives for your business. Having lucidity
    of objectives will assist you with making a
    concrete plan to accomplish those objectives. A
    detailed business plan will furnish the lenders
    with a clear picture of where you need to take
    the business and how you will use the assets.
    Consequently, improving your odds of securing a
    loan.

6
Type of business
  • An idea needs to have value. The market has
    demand for the right product or services. So,
    what kind of business you are aiming for will
    play a major role. If you are opting for a
    business that will surely run, the loan provider
    will not mind investing. Make sure your idea is
    worth taking all the risk of debt.

7
Documents
  • For a business loan online, you need all your
    documents in place. Your business documents along
    with your personal documents are required. Even
    one missed document can reject your loan
    application, as it is an important thing to have.
  • The only struggle a budding entrepreneur faces is
    the shortage of funds. However, with a business
    loan online, it is now easy to manage your
    finances and stabilize your business gaining a
    good market cap.

8
Clix Capital Services Private Limited
  • Address
  • 901b, 9th Floor, Two Horizon Centre, DLF Phase V,
    Gurgaon, Haryana, India 122002
  • Phone Number 1800 200 9898
  • Email us at  hello_at_clix.capital
  • Website www.clix.capital

9
(No Transcript)
Write a Comment
User Comments (0)
About PowerShow.com